Provisions for LIP were provided for in the 2008 Farm Bill
Help is coming for livestock producers who suffered death losses from natural disasters.
U.S. Agriculture Secretary Tom Vilsack recently announced that eligible ranchers and livestock producers can begin applying for benefits under the provisions of the Livestock Indemnity Program (LIP) on July 13.
“This program will provide livestock producers with a vital safety net to help them overcome the damaging financial impact of natural disasters,” Vilsack said.
Provisions for LIP were provided for in the 2008 Farm Bill, and compensate livestock owners and contract growers for livestock death losses in excess of normal mortality due to adverse weather, including losses due to blizzards, flooding, disease, extreme heat and extreme cold. Eligible losses must have occurred on or after Jan. 1, 2008 and before Oct. 1, 2010.
To read the entire article, link here.