June 1, 2007
June 1, 2007 - National crop and livestock disaster programs have been included in the Iraq Supplemental Appropriations Bill. As with the Crop Disaster Program, a producer would choose from one of three years that he or she would receive benefits for each of the programs.
The Livestock Compensation Program (LCP) provides benefits for producers in designated disaster counties for their added costs of procuring livestock feed in 2005, 2006 or 2007 (up to February 28, 2007). The payment rate is 61 percent of the payment made under the LCP announced in the Federal Register notice dated Feb. 12, 2007.
Eligible livestock under that announcement are: adult or non-adult dairy cattle, beef cattle, buffalo, beefalo, equine, poultry, elk, reindeer, sheep, goats, swine, deer, catfish and other livestock the Secretary may designate.
A Livestock Indemnity Program (LIP) would be available to cover livestock deaths caused by a natural disaster or related condition that occurred in 2005, 2006 or 2007 (up to February 28, 2007), including losses due to hurricanes, floods, wildfires, blizzards and anthrax. The payment rate is to be not less than 26percent of market value of the livestock on the day before the date of death, as determined by the Secretary. Reprinted from NLPA News Briefs