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119-s-1493119th CongressWALLET

Livestock Indemnity Program Improvement Act of 2025

Sponsored By: Senator Rounds, Mike [R-SD]

Introduced

Summary

Requires quarterly market-value determinations for Livestock Indemnity Program payments. The bill would amend the Agricultural Act of 2014 to create a defined process for valuing indemnity payments. The Secretary, working with the Administrator of the Agricultural Marketing Service (AMS), would set market values each quarter and may use other appropriate resources to do so. The change reorganizes the statute's subparagraphs and affects only how LIP payments are valued, not program funding, eligibility, sunsets, or enforcement.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Quarterly livestock market values for farmers

If enacted, this bill would require USDA to set market values every quarter for Livestock Indemnity Program (LIP) payments. The Secretary would coordinate with the Agricultural Marketing Service and may use other data sources. Those quarterly values would be used to calculate your LIP indemnity payment. If passed, livestock owners and small livestock businesses could see more regular and consistent valuations when prices change.

Sponsors & CoSponsors

Sponsor

Rounds, Mike [R-SD]

SD • R

Cosponsors

  • Sen. Bennet, Michael F. [D-CO]

    CO • D

    Sponsored 4/10/2025

Roll Call Votes

No roll call votes available for this bill.

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