H. R. 8431 aims to ensure that the Secretary of Agriculture regularly updates payment rates for the Livestock Indemnity Program to align with current market prices. The bill proposes amendments to the Agricultural Act of 2014 by requiring the determination of market value in...
Simple Explanation
The bill wants to make sure farmers get fair pay if their animals die, by updating the payment amounts four times a year to match what animals are really worth on the market. This change will help keep the payment amounts accurate and fair for the farmers.