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119-hr-2043119th CongressWALLET
Agricultural Commodities Price Enhancement Act
Sponsored By: Representative Davis, Donald G. [D-NC-1]
In Committee
Summary
Raises reference prices for five key commodities. The bill would increase wheat's reference price from $5.50 to $6.50 per bushel. It would raise corn from $3.70 to $4.20 per bushel. It would raise soybeans from $8.40 to $10.00 per bushel. It would raise peanuts from $535.00 to $635.00 per ton. It would raise seed cotton from $0.367 to $0.45 per pound. The changes apply to the listed subparagraphs of Section 1111(19) of the Agricultural Act of 2014 and do not alter program designations, eligibility, funding, or sunset provisions.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Higher support prices for farmers
This bill would raise the reference prices used in some farm support programs. Wheat would be $6.50 per bushel, up from $5.50. Corn would be $4.20, up from $3.70. Soybeans would be $10.00, up from $8.40. Peanuts would be $635 per ton, up from $535. Seed cotton would be $0.45 per pound, up from $0.367. Farmers in those programs could see higher payments when market prices are low or hit payment triggers more often. The bill would not change who can join these programs or set new funding levels.
Sponsors & CoSponsors
Sponsor
Davis, Donald G. [D-NC-1]
NC • D
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov