Livestock lost to predators is paid at 100 percent of market value
What the document says“Indemnity payments to an eligible producer on a farm under paragraph (1)(A) shall be made at a rate of 100 percent of the market value of the affected livestock on the applicable date, as determined by the Secretary.”
The section strikes paragraph (2) of section 1501(b) of the Agricultural Act of 2014 (7 U.S.C. 9081(b)) and inserts a new one under which indemnity payments for losses due to predation are made at 100 percent of the market value of the affected livestock on the applicable date.
What the document actually says“Indemnity payments to an eligible producer on a farm under paragraph (1)(A) shall be made at a rate of 100 percent of the market value of the affected livestock on the applicable date, as determined by the Secretary.”
An animal lost to a predator is paid in full. The rate is 100 percent of what it was worth. The Secretary works out that value.
A predator is an animal that kills livestock. The value used is the one on a set date. That date is fixed by another rule in this part.
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