Livestock Indemnity Program

Farm Service Agency

No 343270, USDA Miscellaneous from United States Department of Agriculture

Abstract: The Agriculture Improvement Act of 2018 (the 2018 Farm Bill) authorized the Livestock Indemnity Program (LIP) to provide benefits to eligible livestock owners or contract growers for livestock deaths in excess of normal mortality caused by eligible loss conditions, including eligible adverse weather, eligible disease and attacks by animals reintroduced into the wild by the federal government or protected by federal law, including wolves and avian predators. In addition, LIP provides assistance to eligible livestock owners that must sell livestock at a reduced price because of an injury from an eligible loss condition.

Keywords: Agricultural and Food Policy; Livestock Production/Industries; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 7
Date: 2024-03
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https://ageconsearch.umn.edu/record/343270/files/LIP-Factsheet2024.pdf (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:343270

DOI: 10.22004/ag.econ.343270

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