Texas Farm bureauProposed legislation was introduced earlier this year that would require the secretary of agriculture to provide regular updates to the Livestock Indemnity Program (LIP) payment rates to reflect market prices.Congressional lawmakers say the LIP Improvement Act will o r ranchers fairer market prices for livestock disaster assistance programs.“Unfortunately, extenuating circumstances such as severe weather or disease can deplete their herds, and as such, hurt their operations. These producers deserve to be paid a fair and updated market price for their livestock when tragedy strikes,” said U.S. Sen. Mike Rounds (R-South Dakota), who introduced the bill in the Senate ...