USCA Comments on Passage of One Big Beautiful Bill

USCA Comments on Legislative Passage of 'The One, Big, Beautiful Bill'

WASHINGTON D.C. - The U.S. Cattlemen's Association (USCA) commented on the successful passage of "The One, Big, Beautiful Bill", which includes several provisions critical to the U.S. livestock industry:

• Livestock Indemnity Program
  • Establishes a payment rate for losses due to predation at 100% of the market value and losses due to adverse weather or disease at 75% of the market value.
  • Introduces additional payments for unborn livestock death losses incurred on or after January 1, 2024, at a rate determined by the Secretary, not exceeding 85% of the payment rate for the lowest weight class of livestock.
• Livestock Forage Disaster Program
  • Allows for two monthly payments and specifying eligibility criteria based on grazing periods.
• Emergency Assistance
  • Provides emergency assistance for cattle with specific payment rates and eligibility criteria.
• Death Tax
  • Increases the estate and gift tax exemption amounts. Specifically, it changes the exemption amount from $5 million to $15 million and updates the applicable years for the exemption.
• Foreign Animal Disease Prevention
  • Specifies funding allocations for foreign animal disease prevention programs.

"This comprehensive piece of legislation, signed by the President on July 4, includes several issues that USCA has long advocated for and we will continue to engage in discussions as this moves forward," USCA President Justin Tupper said.