Agricultural Commodities Price Enhancement Act
- Last Action
- 3/28/2025
Actions
- 2025-03-28Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- 2025-03-11Referred to the House Committee on Agriculture.
- 2025-03-11Introduced in House
- 2025-03-11Introduced in House
CRS Summary
As of 2025-03-11 (00)
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.
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.