Livestock lost to weather or disease is paid at 75 percent of market value
What the document says“Indemnity payments to an eligible producer on a farm under subparagraph (B) or (C) of paragraph (1) shall be made at a rate of 75 percent of the market value of the affected livestock on the applicable date, as determined by the Secretary.”
The section sets the indemnity payment for losses due to adverse weather or disease at 75 percent of the market value of the affected livestock on the applicable date, as determined by the Secretary.
What the document actually says“Indemnity payments to an eligible producer on a farm under subparagraph (B) or (C) of paragraph (1) shall be made at a rate of 75 percent of the market value of the affected livestock on the applicable date, as determined by the Secretary.”
An animal lost to bad weather or illness is paid less. The rate is 75 percent of what it was worth. The Secretary works out that value.
This rate is lower than the one for predators. The same set date is used for the value. Both rates sit in the same new rule.
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