HR 2043 ยท Agricultural Commodities Price Enhancement Act
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Introduced
- Mar 11, 2025
- Latest action
- Mar 28, 2025
- Sponsor
- Rep. Donald G. Davis [D-NC-1]
- Policy area
- Agriculture and Food
- Cosponsors
- 0
Summary
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.
Recent actions
- Mar 28, 2025 Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Mar 11, 2025 Referred to the House Committee on Agriculture.
- Mar 11, 2025 Introduced in House
- Mar 11, 2025 Introduced in House
Votes
No recorded votes are available for this bill.