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
The pricing signals come as biofuel and corn groups continue to press Congress for permanent nationwide E15 access.
ASFMRA’s Howard Halderman says several economic and policy issues are continuing to influence the farmland market.
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.
Brooke Rollins meets with Pennsylvania farmers as pressure mounts on the Senate to advance the Farm Bill and additional aid for producers.
Cattle producers met with lawmakers to discuss the issues continuing to impact ranchers across the country.
National Potato Council CEO Kam Quarles says potato wart could have devastating consequences for U.S. growers and export markets.

LATEST STORIES BY THIS AUTHOR:

StoneX Director of Fertilizer, Josh Linville, joins us to discuss fertilizer market trends and risk management strategies to navigate an uncertain farm economy and fluctuating agricultural input costs.
Secretary Brooke Rollins announced the distribution of a comprehensive memorandum on Friday in Fort Worth, at RFD-TV’s Rural Town Hall presented by the Western Caucus Foundation.
AFBF Economist Bernt Nelson discusses biosecurity to prevent New World Screwworm and financial tools to support livestock as eradication efforts continue.
On a year-over-year basis, final demand prices are up 6.5 percent, the largest annual increase since late 2022.
United Soybean Board Director and Missouri farmer Kyle Durham joins us to discuss farmer sentiment, alternative revenue programs, conservation incentives, domestic demand trends, and conditions on his farm this spring.