Bill · S. 1493· Senate(119-S-1493)
Livestock Indemnity Program Improvement Act of 2025
- Introduced
- 4/10/2025
- Last activity
- 4/10/2025 — Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- Sponsored by
- Mike Rounds
- Cosponsors
- - 0 - 1
- Introduced
- In Committee
What this bill would do
The Livestock Indemnity Program Improvement Act of 2025 requires the Secretary of Agriculture to update payment rates for the Livestock Indemnity Program. These updates must reflect current market prices. The Secretary will determine these values in coordination with the Administrator of the Agricultural Marketing Service and other appropriate resources. These market value determinations must happen on a quarterly basis.
Yes· 3 of 6
Would farmers be better off under this?+7
Directly benefits livestock farmers by ensuring indemnity payments reflect actual market prices quarterly.
Would people in rural areas be better off under this?+5
Positively impacts rural economies by supporting the livestock sector.
Would business owners be better off under this?+4
Livestock business owners benefit from more accurate and timely indemnity payments.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Updated Market Values: By requiring the Secretary to determine market value on a quarterly basis (Section 2), payment rates will reflect market prices more regularly.
Potential Negative Impacts for People
- No negative impacts for individuals or groups are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Demographic And Interest Groups
- Good For Farmers+7Good For Rural Residents+5Good For Business Owners+4
- Environment Energy And Infrastructure
- Improves Rural Development+3
- Economy And Finance
- Improves Small Business Support+2
- Governance And Ideology
- Improves Government Transparency+2
- 4/10/2025
- Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Michael BennetDemocrat · Colorado