In recent months, members have shared concerns with MSGA on the value assigned to young beef calves under FSA’s Livestock Indemnity Program (LIP). Many producers experienced young calf loss during the late spring storms and the value was undermarket and an adjustment was needed.
MSGA staff worked with partners to advocate that a value increase was necessary and shared with Montana’s congressional delegation that a review of assigned values was needed. On July 20, 2022, the FSA increased values of payments under the LIP program. New values are retroactive to January 1, 2022.
LIP payment rates are to be based on 75 percent of the average fair market value for specific livestock categories. The revised LIP values for beef cattle are as follows: Adult bull: $1,077.94; adult cow: $829.18; non-adult cattle less than 250 pounds to 399 pounds: $474.38; non-adult cattle 400 to 799 pounds: $661.32; and non-adult cattle 800 pounds or more: $1,102.20.
For more information about LIP, contact your county FSA office.
This is a great example of how challenges you face can be shared to a board member or staff and result in a positive impact. If there are other issues impacting you, please don’t hesitate to reach out to MSGA.
The Montana Stockgrowers Association is a grassroots membership organization and is the trusted voice of cattle ranchers. With a 135 year history, MSGA advocates and ensures cattle ranching remains relevant, safe and a sustainable way of life for generations to come.
Director of Marketing & Communications
[email protected] view more MSGA news, visit https://mtbeef.org/news/