H.R. 2043 · 119th Congress
Agricultural Commodities Price Enhancement Act
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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.
What it does: CRS summary · Introduced in House · Mar 11, 2025
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Agricultural Commodities Price Enhancement Act
Latest action (Mar 28, 2025): Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Policy area: Agriculture and Food · Origin: House · Introduced: Mar 11, 2025
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.