Cattle Death Losses and Livestock Indemnity Program (LIP)
Death losses have been reported in the Nebraska livestock herd due to high heat and humidity conditions in mid July.
Expect the Livestock Indemnity Program (LIP) to eventually be reauthorized and funded as part of a new farm bill. At that point, the LIP and other disaster assistance programs are expected to be available through the USDA Farm Service Agency and cover qualifying disaster losses retroactively back to 2012. The LIP covers greater-than-normal death losses when they occur due to agricultural disaster conditions, such as drought, heat, and humidity. Refer to NebGuide G1971 (PDF version, 225KB), written by Lemmons and Lubben, for information on how the program previously operated and will likely operate again in the future.
Keep records of inventories, losses, location, ownership, and weather events to provide information for good production, financial, and tax management decisions and to document losses for the expected future application for the LIP program, pending availability and funding. Refer to the NebGuide for information and recommendations on recordkeeping.
Dr. Bradley D. Lubben
Extension Assistant Professor, Policy Specialist, and
Director, North Central Risk Management Education Center
University of Nebraska-Lincoln