The 2014 Farm Bill makes the Livestock Indemnity Payments (LIP) a permanent program and provides retroactive authority to cover eligible livestock losses back to Oct. 1, 2011. LIP provides compensation to eligible livestock producers who have suffered livestock death losses in excess of normal mortality due to adverse weather and attacks by animals reintroduced into the wild by the federal government or protected by federal law, including wolves and avian predators. LIP payments are equal to 75 percent of the market value of the applicable livestock on the day before the date of death of the livestock as determined by the Secretary.