This bill amends the Agricultural Act of 2014 to improve the Livestock Indemnity Program (LIP) by ensuring that indemnity payment rates accurately reflect current market conditions. It mandates that the Secretary of Agriculture determine the market value used for these payments. Specifically, the Secretary will be required to make this market value determination on a quarterly basis . This process will involve coordination with the Administrator of the Agricultural Marketing Service and the use of other appropriate resources, aiming to provide more timely and accurate compensation to livestock producers.