July 10, 2025
Mr. Feenstra (for himself and Mr. Gray) introduced the following bill; which was referred to the Committee on Agriculture
To require the Secretary of Agriculture to provide regular updates to Livestock Indemnity Program payment rates to reflect market prices, and for other purposes.
Section 1. Short title
This Act may be cited as the Livestock Indemnity Program Improvement Act of 2025
.
Sec. 2. Livestock indemnity payments
Section 1501(b)(2) of the Agricultural Act of 2014 (7 U.S.C. 9081(b)(2)) is amended—
(1)
by redesignating subparagraphs (A) and (B) as clauses (i) and (ii), respectively, and indenting appropriately;
(2)
in the matter preceding clause (i) (as so designated), by striking Indemnity
and inserting the following:
(A) In general
Indemnity; and
(3)
by adding at the end the following:
(B) Determination of market value
The Secretary shall determine the market value described in subparagraph (A)—
(i)
in coordination with the Administrator of the Agricultural Marketing Service;
(ii)
using other appropriate resources, as determined by the Secretary; and
(iii)
on a quarterly basis.