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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.
Introduced
Mar 11, 2025
Last Action
Mar 28, 2025
Session
119th Congress
Sponsors
1 primary · 0 co
Passage Probability
2% — Very Low
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Introduced in House
Referred to the House Committee on Agriculture.
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2%
Estimate based on legislative signals
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Upgrade to ProReferred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.