S 1493 · in committee · significant
Livestock Indemnity Program Improvement Act of 2025
- economy
What this bill does
- The bill requires the Farm Service Agency to update livestock market values quarterly for insurance payment calculations.
- Livestock owners and contract growers who suffer losses from weather, disease, or animal attacks are affected.
- The change updates how the government determines payment rates under the existing Livestock Indemnity Program.
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Community Threads
Started by Cosponsor
- 01
How would more frequent quarterly updates to livestock market values affect insurance payouts for farmers experiencing sudden price drops versus gradual declines?
- 02
Which livestock producers—small farms, large operations, or contract growers—would benefit most from updated market value calculations, and who might face disadvantages?
- 03
What evidence supports that quarterly updates rather than annual or monthly adjustments would better balance fair compensation with program administrative costs?
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Sponsor · R-SD
Mike Rounds
Citizen cosponsors
0
In Congress
1/ 100
Senators cosponsoring
Introduced 2025-04-10
Joining the bill
Legislative timeline
2025-04-10 · senate · IntroReferral
Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
2025-04-10 · IntroReferral
Introduced in Senate
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