Official Summaries

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.

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2043 Introduced in House (IH)]

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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''.
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