Agricultural Commodities Price Enhancement Act of 2023
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Congressional Research Service
Official summary
Version 00 · Introduced in House · Aug 1, 2023
Agricultural Commodities Price Enhancement Act of 2023
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.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Jun 30, 2025. Consult Congress.gov for the current record.
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