September 8, 2009
USDA adds new weight category for livestock programme
The USDA Farm Service Agency (FAS) will add an additional weight category to the Livestock Indemnity Programme (LIP) for non-adult beef cattle, non-adult dairy cattle and non-adult buffalo/beefalo.
The over 400 pound category will be split into two categories, 400 to 799 pounds and 800 pounds or more. This change will ensure that the assigned market values for non-adult beef cattle, non-adult dairy cattle and non-adult buffalo/beefalo over 400 pounds reflect the statutory requirement for the payment to be 75 percent of the market value for the livestock.
FSA state offices will establish new normal mortality rates for each of the new weight categories covered under LIP and FSA national headquarters will establish average fair market prices for each category.
