LIP Enhancement Act of 2024

Bill: 118-s-4252
Sponsor: full_name: Sen. Cruz, Ted [R-TX]
Introduced: 2024-05-02
Policy area: Agriculture and Food
Latest action: action_date: 2024-05-02
text: Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.

Summaries:
action_date: 2024-05-02
action_desc: Introduced in Senate
text: <p><strong>Livestock Indemnity Program Enhancement Act of 2024 or the LIP Enhancement Act of 2024</strong></p><p>This bill expands coverage under the Livestock Indemnity Program (LIP) to include unborn livestock as LIP-eligible livestock losses.</p><p>The bill applies to unborn livestock death losses (i.e., losses of any livestock&nbsp;that was gestating on the date of the death of the livestock) incurred on or after January 1, 2024.</p><p>LIP is a Farm Service Agency program that provides indemnity payments to eligible livestock owners and contract growers for livestock deaths in excess of normal mortality or reduced sales prices due to specified events (e.g., adverse weather, disease, or animal attack).</p>

tv_txt: II 118th CONGRESS 2d Session S. 4252 IN THE SENATE OF THE UNITED STATES May 2, 2024 Mr. Cruz introduced the following bill; which was read twice and referred to the Committee on Agriculture, Nutrition, and Forestry A BILL To amend the Agricultural Act of 2014 to establish additional payments for unborn livestock under the livestock indemnity payment program.

1. Short title This Act may be cited as the Livestock Indemnity Program Enhancement Act of 2024 or the LIP Enhancement Act of 2024 . 2. Additional payment for unborn livestock Section 1501(b) of the Agricultural Act of 2014 ( 7 U.S.C. 9081(b) ) is amended by adding at the end the following: (5) Additional payment for unborn livestock (A) In general In the case of unborn livestock death losses incurred on or after January 1, 2024, the Secretary shall make an additional payment to eligible producers on farms that have incurred such losses in excess of the normal mortality due to a condition specified in paragraph (1). (B) Payment rate Additional payments under subparagraph (A) shall be made at a rate— (i) determined by the Secretary; and (ii) less than or equal to 85 percent of the payment rate established with respect to the lowest weight class of the livestock, as determined by the Secretary, acting through the Administrator of the Farm Service Agency. (C) Payment amount The amount of a payment to an eligible producer that has incurred unborn livestock death losses shall be equal to the payment rate determined under subparagraph (B) multiplied, in the case of livestock described in— (i) subparagraph (A), (B), or (F) of subsection (a)(4), by 1; (ii) subparagraph (D) of such subsection, by 2; (iii) subparagraph (E) of such subsection, by 12; and (iv) subparagraph (G) of such subsection, by the average number of birthed animals (for one gestation cycle) for the species of each such livestock, as determined by the Secretary. (D) Unborn livestock death losses defined In this paragraph, the term unborn livestock death losses means losses of any livestock described in subparagraph (A), (B), (D), (E), (F), or (G) of subsection (a)(4) that was gestating on the date of the death of the livestock. .