Agricultural Commodities Price Enhancement Act

HR 2043, the Agricultural Commodities Price Enhancement Act, increases reference prices for key farm commodities under the 2014 Agricultural Act. It raises the reference price for wheat from $5.50 to $6.50 per bushel, corn from $3.70 to $4.20 per bushel, soybeans from $8.40 to $10.00 per bushel, peanuts from $535 to $635 per ton, and seed cotton from $0.367 to $0.45 per pound. These adjustments directly affect farmers growing these specific crops, as the reference prices determine eligibility and payment levels for certain government price support programs. The bill modifies existing price support mechanisms without creating new programs or changing program eligibility criteria.