Agricultural Commodities Price Enhancement Act

This bill raises the “reference prices” used to figure safety‑net payments for farmers under two USDA programs: Agriculture Risk Coverage (ARC) and Price Loss Coverage (PLC). When crop prices or farm revenue fall, these programs can pay farmers based on those reference prices. By lifting the reference prices for several major crops, farmers could get larger payments in bad years. These programs are run by the Farm Service Agency.

The bill increases reference prices for wheat, corn, soybeans, peanuts, and seed cotton. It sets new amounts of $6.50 per bushel for wheat, $4.20 per bushel for corn, $635.00 per ton for peanuts, and $0.45 per pound for seed cotton. It also raises the soybean reference price, though the exact number is not clearly shown in the text provided. The Library of Congress summary confirms these crops and programs are covered.

• Who is affected: Farmers who grow wheat, corn, soybeans, peanuts, or seed cotton and use ARC or PLC.
• What changes: Higher reference prices, which can mean larger support payments when prices or revenue drop; new listed amounts for wheat, corn, peanuts, and seed cotton; soybeans also increased .
• When: The provided documents do not state an effective date; they describe proposed changes to the reference prices .