Livestock Indemnity Program Updated to Reflect Current Market Conditions
(AUGUST 29, 2023) – On Friday, the U.S. Department of Agriculture’s Farm Service Agency (FSA) announced that they will be updating the 2023 Livestock Indemnity Program (LIP) payment rate for beef calves over 800 pounds will increase from $1244 per head to $1618, an increase of $374. The payment will apply retroactively to all qualifying losses since January 1, 2023. No action …