Beef calf Indemnity rates updated for 2023 by FSA

Aug 30, 2023

A recent announcement from the U.S. Department of Agriculture’s Farm Service Agency (FSA) shed light on modifications in the Livestock Indemnity Program (LIP) for 2023. The beef calves, particularly those over 800 pounds, will now receive an increased indemnity rate of $1618 per head, up from the previous $1244.

What’s notable is the retroactive application of this new rate. Losses from January 1, 2023, will benefit from this hike without necessitating any separate formalities from the producers.

With these changes in place, the FSA projects to initiate payments for current losses by the upcoming week. They've also acknowledged potential weight losses in livestock due to extreme weather, assuring producers of a plan to address such situations.

The FSA’s vision for LIP emphasizes its adaptability to live market conditions for future payment rate determinations.

Justin Tupper, the President of the U.S. Cattlemen’s Association, praised the timely decision by the FSA. He underscored the importance of these changes in representing the genuine market value of the animals and expressed appreciation for FSA’s support, especially from the local offices during these challenging times.

Source : wisconsinagconnection

Video: Learning to Wrench From Dad the Hard Way

Harvest is a week out and the farm picked this week to fall apart. The truck needs a battery, the barn curtain's got a problem, and the corn and beans are telling us we're out of time to get it all fixed.

So it's a full day of wrenching. Tork supervises while I get the truck back running, then we're out at the hog barn where one rusted up part has the whole curtain system hung up. Ladder work, cable work, and a little dad-and-son disagreement about the right way to do it. We close it out walking the fields, shelling beans and checking corn, because whether everything's fixed or not, harvest starts when harvest starts.

Chapters: 00:00 Everything breaks the week before harvest 01:00 Tork supervises while I fix the truck 12:30 Out to the barn to find the curtain problem 14:30 One rusty part hung up the whole curtain 20:00 Running the curtain cable from the ladder 24:00 Walking the beans and corn before harvest 26:30 Wrapping up

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