With the extreme conditions we have been experiencing this summer, it is important producers diligently document and report their death losses for possible Livestock Indemnity Program (LIP) payments. It is a good risk management practice to keep good records anyway but it is at times like these that they can really pay dividends, for example in In 2015, over $2.4 million in LIP payments were made to 129 Nebraska producers. The Livestock Indemnity Program (LIP), administered by the USDA Farm Service Agency (FSA), provides compensation to eligible livestock producers who have suffered livestock death losses in excess of normal mortality due to adverse weather, including extreme heat and humidity....
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