118th Congress Agriculture and Food
H.R. 5101: Agricultural Commodities Price Enhancement Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
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 Congressional Research Service, Library of Congress.
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Other bills by Donald Davis
History
- Introduced in the House by Donald Davis.
Show the full action history (3 actions)
- Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
- Introduced in House
- Referred to the House Committee on Agriculture.