HR-8229 : Still Just a Bill

The "Livestock Indemnity Program Enhancement Act of 2024" or "LIP Enhancement Act of 2024" (H.R. 8229) amends the Agricultural Act of 2014 to provide additional financial assistance to livestock producers who have experienced the death of unborn livestock due to adverse weather or other eligible conditions.

Key provisions of the bill include:

• Additional Payments: Establishes additional payments for eligible producers who have incurred unborn livestock death losses exceeding normal mortality rates, starting January 1, 2024.
• Payment Rate: Sets the additional payment rate to be determined by the Secretary of Agriculture, but not exceeding 85% of the established payment rate for the lowest weight class of livestock.
• Payment Amount Calculation: Outlines how the payment amount will be calculated based on the type of livestock and the number of unborn livestock lost. Specific multipliers are assigned to different categories of livestock (e.g., cattle, swine, poultry).
• Definition of Unborn Livestock Death Losses: Defines "unborn livestock death losses" as losses of livestock that were gestating at the time of the death of the mother animal.