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 Credit’s Christy Seyfert joined us to discuss the ag industry’s push for swift Farm Bill action as it heads toward a House vote.
RFA President and CEO Geoff Cooper joined us to discuss the proposed E15 amendment in the Farm Bill, industry reaction to the legislation, and the outlook for year-round E15 sales.
Ag Secretary Brooke Rollins hints at new fertilizer plan while trade deals, soybean markets, and farm bill momentum drive ag policy discussion.
U.S. Rep. Greg Landsman and U.S. Senator Elissa Slotkin meet with Ohio farmers to discuss E15 expansion, rising input costs, trade concerns, and the need to move forward on a new farm bill.
New farm bill amendment renames the 1890 National Scholars Program after Rep. David Scott, highlighting support for HBCU ag education.
Farm programs remain small but politically easier to expand.

LATEST STORIES BY THIS AUTHOR:

With 2023 projected to be a difficult year for agricultural producers, Chapter 12 filings may increase. One of the requirements to get a Chapter 12 reorganization plan approved is that be filed in “good faith.” In this blog post, RFD-TV Legal Contributor Roger A. McEowen explains exactly what farmers need to know about the process.
The failure of a grain elevator can cause large problems for farmers and for the local community it serves. A farmer who knows their rights and where they stand if an elevator fails can be in a better position than those farmers who aren’t as well informed. That is the topic of today’s blog post by RFD-TV Legal Contributor Roger A. McEowen.
Financial matters in farming can be frustratingly complicated, especially when it comes to the process of filing for bankruptcy. That is the topic tackled in today’s blog post by Farm-Legal Expert Roger A. McEowen—the definition of “insolvency” for purposes of the exclusion from income of CODI.
The “farm products rule,” and the 1985 Farm Bill modification and its application – that is the topic of today’s blog post from Agri-Legal Expert Roger McEowen.
Now that Washington lawmakers have passed a 45-day stopgap, they have some breathing room to work through some hot-button topics like the high cost of the upcoming Farm Bill, which is due in large part to the funding necessary to support the Nutrition Title.