Pipeline · Bill → Law
Step 1
Introduced
Aug 1, 2023
Step 2
Referred
Sep 19, 2023
Agriculture
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary
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 c...
Timeline · 3 actions
Sep 19, 2023
Referred to the Subcommittee on General Farm Commodities, Risk Management, and Credit.
Aug 1, 2023
Introduced in House
Aug 1, 2023
Referred to the House Committee on Agriculture.