LIP Enhancement Act of 2024
Agriculture and Food
senate
house
president
Introduced on May 2, 2024 by Rafael Edward Cruz
Cosponsors
Legislation Details
- Amends the Agricultural Act of 2014 to include additional payments for unborn livestock under the livestock indemnity payment program.
- Establishes payments for unborn livestock death losses incurred on or after January 1, 2024.
- Specifies that eligible producers on farms with such losses in excess of normal mortality due to specified conditions are eligible for additional payments.
- Sets the payment rate for additional payments at a rate determined by the Secretary, not exceeding 85 percent of the established payment rate for the lowest weight class of livestock.
- Details the payment amount calculation for eligible producers based on the type of livestock and the average number of birthed animals for one gestation cycle, as determined by the Secretary.
- Defines “unborn livestock death losses” as losses of gestating livestock on the date of the livestock’s death, covering specific types of livestock listed in the legislation.
Last updated 8/16/2024