As a reminder, the Livestock Indemnity Program (LIP) is available to livestock producers impacted by the recent winter weather. The program provides reimbursement for a portion of the value of livestock lost in excess of normal mortality due to a qualifying disaster event such as a winter storm, extreme cold or heat, hail, lightning, tornado, flood, blizzard or wildfire. The payment rate is 75% of the market value based on a national average for type, kind and weight of livestock.
Producers will need to have records on hand showing inventory the day before the adverse weather event occurred and provide documentation of losses. A notice of loss and application for payment must be submitted no later than 60 days after the calendar year in which the loss occurred.
For more information about LIP or how to apply, contact your local FSA office.