Lawmakers are pushing to modernize the Livestock Indemnity Program as part of a new Farm Bill

Congress has had a full agenda since the session began.

Getting a new Farm Bill across the finish line is top priority for South Dakota Senator Mike Rounds, with support for livestock producers.

“We’d like to throw some amendments in there that we think would improve things for a lot of our folks back in the Upper Midwest. Number one is that the Livestock Indemnity Program, the Lip program, does not get updated the way that it should. And so, what we’re trying to set in, and we’ve got a proposal. It’s a simple one. It simply says these payment rates should be based on a quarterly update so that we don’t have our farmers and ranchers getting old data in terms of what the value of their livestock is in the case of a loss.”

Livestock is big business in Oklahoma, and the Farm Bill is a top priority for producers there. Ag Secretary Brooke Rollins has been on a tour of farm country over the last week and made a stop in the Sooner State. Farm groups told Rollins the Administration has their support, but they have concerns about the financial impact of the current trade policy moving forward.

“There’s a lot of concern about surviving the short-term until getting to that long-term, and so we had some discussions along those lines of how to make it over those hurdles and how we can help crop farmers in particular, and talk about trying to get the price levels addressed, possibly in a reconciliation bill instead of waiting for the Farm Bill,” said Rodd Moesel.

Moesel says his big focus in the new Farm Bill is reference prices, saying they have been left untouched for too long.

Related Stories
Farm CPA Paul Neiffer shares his perspective on the uncertain outlook of federal farm relief and the Farm Bill, which may not materialize until the government shutdown ends.
Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
Congress has just over a month of working days left for the year. Plan for uneven USDA service until funding is restored, and closely monitor Farm Bill talks, as avoiding Permanent Law before January 1 is the single biggest risk to markets and milk prices.
Farmers are in the midst of harvest as the government descends into a shutdown and the Farm Bill expires. Key federal departments, crop reporting, and aid programs important to the agricultural sector are now on hold.
Estate tax relief reduces pressure, but succession planning remains the critical challenge for farm families.

LATEST STORIES BY THIS AUTHOR:

Lewis Williamson with HTS Commodities joined us to discuss spring planting progress and the outlook for trade and demand as the season continues.
USMCA review nears a critical stage as the U.S. and Mexico advance talks while Canada risks being left behind, raising concerns across North American agriculture trade.
Sen. Jerry Moran of Kansas joins us to discuss the Food for Peace program’s Kansas roots, its place in the Farm Bill, and the importance of the USDA’s visit to the state.
USDA approves disaster aid for Pennsylvania orchard and specialty crop growers after April freezes caused major crop damage statewide.
Applications are open through July 27, 2026, on Grants.gov.