7 USC 1472 – Assistance for livestock producers
(a) Definition of livestock
In this section, the term “livestock” includes elk, reindeer, bison, horses, and deer.
(b) Availability of assistance
Terms Used In 7 USC 1472
- Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- livestock: means cattle, elk, reindeer, bison, horses, deer, sheep, goats, swine, poultry (including egg-producing poultry), llamas, alpacas, live fish, crawfish, and other animals that&mdash. See 7 USC 1471
In such amounts as are provided in advance in appropriation Acts, the Secretary of Agriculture may provide assistance to dairy and other livestock producers to cover economic losses incurred by such producers in connection with the production of livestock.
(c) Types of assistance
The assistance provided to livestock producers may be in the following forms:
(1) Indemnity payments to livestock producers who incur livestock mortality losses.
(2) Livestock feed assistance to livestock producers affected by shortages of feed.
(3) Compensation for sudden increases in production costs.
(4) Such other assistance, and for such other economic losses, as the Secretary considers appropriate.
(d) Limitations
The Secretary may not use the funds of the Commodity Credit Corporation to provide assistance under this section.
(e) Authorization of appropriations
There is authorized to be appropriated to the Secretary such sums as may be necessary to carry out this section.