A price is set in statute for each covered commodity
What the document says“Effective beginning with the 2025 crop year, subject to subparagraphs (B) and (C), the term `reference price', with respect to a covered commodity for a crop year, means the following:”
The section strikes paragraph (19) of section 1111 of the Agricultural Act of 2014 (7 U.S.C. 9011) and inserts a new one listing fifteen prices from the 2025 crop year: wheat $6.35 a bushel, corn $4.10, grain sorghum $4.40, barley $5.45, oats $2.65, long grain rice $16.90 a hundredweight, medium grain rice $16.90, soybeans $10.00 a bushel, other oilseeds $23.75 a hundredweight, peanuts $630.00 a ton, dry peas $13.10 a hundredweight, lentils $23.75, small chickpeas $22.65, large chickpeas $25.65, and seed cotton $0.42 a pound.
What the document actually says“Effective beginning with the 2025 crop year, subject to subparagraphs (B) and (C), the term `reference price', with respect to a covered commodity for a crop year, means the following:”
From the 2025 crop year the law fixes a price for each crop. The list that follows gives the figures.
Fifteen crops are named. Wheat is set at $6.35 a bushel. Corn is set at $4.10. Peanuts are set at $630.00 a ton.
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