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USDA/FSA | RIN: 0560-AH95 | Publication ID: Fall 2008 |
Title: ●Livestock Indemnity Program (LIP) | |
Abstract: The 2008 Farm Bill implements a permanent Livestock Indemnity Program (LIP) utilizing funds from the Agricultural Disaster Relief Trust Fund (Trust Fund) for livestock losses incurred on or before September 30, 2011. The interim rule will implement the provisions of the 2008 Farm Bill for LIP payments to eligible livestock producers on farms that have incurred livestock death losses in excess of normal mortality rates during the calendar year due to adverse weather, as determined by the Secretary, including losses due to hurricanes, floods, blizzards, disease, wildfires, extreme heat, and extreme cold. LIP payments will be issued based on 75 percent of the fair market value of the livestock on the day before the date of death of the livestock as determined by the Secretary. These payments will be made based on individual producersÂ’ losses. No State, county, or other trigger will be used to define an eligible LIP area. | |
Agency: Department of Agriculture(USDA) | Priority: Substantive, Nonsignificant |
RIN Status: First time published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 7 CFR 1439 | |
Legal Authority: PL 110-246 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Deirdre Holder Branch Chief, Regulatory Analysis and PRA Requirements Branch Department of Agriculture Farm Production and Conservation Business Center, 1400 Independence Avenue SW, Washington, DC 20250-0572 Phone:202 205-5851 Email: deirdre.holder@usda.gov |