Agricultural Commodities Price Enhancement Act
This bill increases the reference prices for certain commodities under the Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC) programs. Specifically, the bill increases the reference prices for wheat, corn, soybeans, peanuts, and seed cotton.
The ARC and PLC programs, administered by the Farm Service Agency, offer financial assistance to eligible agricultural producers, and the reference prices are used to calculate benefits under the programs. The ARC Program is an income support program that provides payments to producers when actual crop revenue declines below a specified guarantee level. The PLC Program provides income support payments when the effective price for a covered commodity falls below its effective reference price.
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2043 Introduced in House (IH)]
<DOC>
119th CONGRESS
1st Session
H. R. 2043
To increase the reference prices for certain commodities, and for other
purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
March 11, 2025
Mr. Davis of North Carolina introduced the following bill; which was
referred to the Committee on Agriculture
_______________________________________________________________________
A BILL
To increase the reference prices for certain commodities, and for other
purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Agricultural Commodities Price
Enhancement Act''.
SEC. 2. REFERENCE PRICE INCREASES FOR WHEAT, CORN, SOYBEANS, PEANUTS,
AND SEED COTTON.
Section 1111(19) is amended of the Agricultural Act of 2014 (7
U.S.C. 9011(19)) is amended--
(1) in subparagraph (A), by striking ``$5.50 per bushel''
and inserting ``$6.50 per bushel'';
(2) in subparagraph (B), by striking ``$3.70 per bushel''
and inserting ``$4.20 per bushel'';
(3) in subparagraph (H), by striking ``$8.40 per bushel''
and inserting ``$10.00 per bushel'';
(4) in subparagraph (J), by striking ``$535.00 per ton''
and inserting ``$635.00 per ton''; and
(5) in subparagraph (O), by striking ``$0.367 per pound''
and inserting ``$0.45 per pound''.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on Agriculture.
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
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