USDA’s Farm Service Agency announced it is updating the Livestock Indemnity Program payment rate to support livestock producers who have lost cattle to extreme heat and humidity. The 2023 LIP payment rate for beef cattle over 800 pounds will increase $374 from $1,244 per head to $1,618. FSA Administrator Zach Ducheneaux stated that the extreme head domes and temperatures in prime cattle feeding states have spurred them to update the LIP program rates to be more reflective of the true market value for cattle.
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