The Livestock Indemnity Program (LIP) is a program periodically authorized and funded on an emergency basis by

Congress A congress is a formal meeting of the representatives of different countries, constituent states, organizations, trade unions, political parties, or other groups. The term originated in Late Middle English to denote an encounter (meeting of ...

to compensate

livestock Livestock are the Domestication, domesticated animals that are raised in an Agriculture, agricultural setting to provide labour and produce diversified products for consumption such as meat, Egg as food, eggs, milk, fur, leather, and wool. The t ...

producers for losses caused by a

natural disaster A natural disaster is the very harmful impact on a society or community brought by natural phenomenon or Hazard#Natural hazard, hazard. Some examples of natural hazards include avalanches, droughts, earthquakes, floods, heat waves, landslides ...

. Under the program, a payment is made to help producers defray the cost of replenishing their herds when livestock are killed by a natural disaster.

References

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External links

United States Department of Agriculture Agriculture Secretary Vilsack Announces New Livestock Indemnity Program - July 7, 2009
United States Department of Agriculture programs