Bill > HR2043

This bill seeks to increase the reference prices for several key agricultural commodities under the Agricultural Act of 2014, specifically targeting wheat, corn, soybeans, peanuts, and seed cotton. Reference prices are benchmark prices used in agricultural policy to determine support payments and crop insurance. The bill proposes to raise these prices as follows: wheat would increase from $5.50 to $6.50 per bushel and from $3.70 to $4.20 per bushel for different types; soybeans would rise from $8.40 to $10.00 per bushel; peanuts would see an increase from $535.00 to $635.00 per ton; and seed cotton would go up from $0.367 to $0.45 per pound. These price adjustments are intended to provide better financial support for farmers by establishing higher baseline prices for these important agricultural commodities, potentially helping farmers maintain economic stability in fluctuating market conditions.

Agriculture and Natural Resources

https://www.congress.gov/bill/119th-congress/house-bill/2043/all-info