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Increased Reference Prices for Key Agricultural Commodities

This Act increases the minimum reference prices for five major agricultural commodities: wheat, corn, soybeans, peanuts, and seed cotton. The change aims to enhance farmers' financial stability by offering higher guaranteed prices for their crops. While this supports domestic food production, it may eventually influence the retail prices of these commodities and derived goods.
Key points
Wheat reference price increases from $5.50 to $6.50 per bushel.
Corn reference price increases from $3.70 to $4.20 per bushel.
Soybean reference price increases from $8.40 to $10.00 per bushel.
Peanut reference price increases from $535.00 to $635.00 per ton.
Seed cotton reference price increases from $0.367 to $0.45 per pound.
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Introduced
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Additional Information
Print number: 119_HR_2043
Sponsor: Rep. Davis, Donald G. [D-NC-1]
Process start date: 2025-03-11
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Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Agricultural Commodities Price Enhancement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_2043.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-03-11.

What are the main provisions?

Key points include:

  • Wheat reference price increases from $5.50 to $6.50 per bushel.
  • Corn reference price increases from $3.70 to $4.20 per bushel.
  • Soybean reference price increases from $8.40 to $10.00 per bushel.
  • Peanut reference price increases from $535.00 to $635.00 per ton.
  • Seed cotton reference price increases from $0.367 to $0.45 per pound.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davis, Donald G. [D-NC-1].

What is the latest detailed status?

The latest detailed status is: Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Agriculture Economy