H.R. 2043 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Agriculture, Mar 11, 2025
What this bill does
In plain words · AI-written from the official summaryIncreases farm commodity support payment levels
This bill raises the reference prices used by two federal farm programs to calculate payments to farmers. The Agriculture Risk Coverage program and the Price Loss Coverage program both help protect farmers' income when crop prices or revenues drop, and they use reference prices to determine how much assistance farmers get. This bill specifically increases those reference prices for wheat, corn, soybeans, peanuts, and seed cotton.
How it affects you
Farmers who grow wheat, corn, soybeans, peanuts, or seed cotton and participate in these income support programs could receive higher payments when crop prices fall or their revenues decline. The programs are administered by the Farm Service Agency, so eligible agricultural producers in areas that grow these crops would directly feel the difference.
Read the official 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 AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 2043
A BILL
Agricultural Commodities Price Enhancement Act
Sponsor: Rep. Donald G. Davis (D-NC-1) · Introduced Mar 11, 2025 · Agriculture and Food · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Mar 28, 2025: “Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.”