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Provide for reconciliation pursuant to title II of H. Con. Res. 14 › Section 10301

Effective Reference Price; Reference Price

Section 10301 · Sec. 10301 ·

What this chapter is about

This part sets new floor prices for farm crops. It lists a price for each crop, from wheat to seed cotton. From the 2031 crop year the prices rise a little each year. No price may go above 113 percent of the listed one.

4 proposals indexed from this chapter.

The effective reference price factor rises from 85 to 88 for the 2025 crop year

The document says “is amended”Who acts: Secretary of AgricultureHow: statuteSec. 10301 in the PDF
What the document says

“Section 1111(8)(B)(ii) of the Agricultural Act of 2014 (7 U.S.C. 9011(8)(B)(ii)) is amended by striking "85" and inserting "beginning with the crop year 2025, 88".”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301

The section strikes the number 85 in section 1111(8)(B)(ii) of the Agricultural Act of 2014 (7 U.S.C. 9011(8)(B)(ii)) and inserts words setting the figure at 88 beginning with the crop year 2025. That older provision is not indexed here, so this record states the change and stops.

What the document actually says

“Section 1111(8)(B)(ii) of the Agricultural Act of 2014 (7 U.S.C. 9011(8)(B)(ii)) is amended by striking "85" and inserting "beginning with the crop year 2025, 88".”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301
That sentence, in plain words

The number 85 is taken out. The number 88 is put in. The change starts with the 2025 crop year.

What this is about

The figure is used to work out a price floor for a crop. A higher figure means a higher floor. The older law it sits in is not indexed here.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

A price is set in statute for each covered commodity

The document says “means”Who acts: CongressHow: statuteSec. 10301 in the PDF
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:”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301

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:”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301
That sentence, in plain words

From the 2025 crop year the law fixes a price for each crop. The list that follows gives the figures.

What this is about

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.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

From the 2031 crop year each price rises by half a percent a year

The document says “shall”Who acts: Secretary of AgricultureHow: statuteSec. 10301 in the PDF
What the document says

“Effective beginning with the 2031 crop year, the reference prices defined in subparagraph (A) with respect to a covered commodity shall equal the reference price in the previous crop year multiplied by 1.005.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301

The section provides that beginning with the 2031 crop year each listed reference price equals the reference price for the previous crop year multiplied by 1.005.

What the document actually says

“Effective beginning with the 2031 crop year, the reference prices defined in subparagraph (A) with respect to a covered commodity shall equal the reference price in the previous crop year multiplied by 1.005.”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301
That sentence, in plain words

From the 2031 crop year each price grows. It equals last year's price times 1.005.

What this is about

That works out to a rise of half a percent a year. The rise builds on the year before. It starts only in 2031.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

No reference price may exceed 113 percent of the listed price

The document says “shall not”Who acts: Secretary of AgricultureHow: statuteSec. 10301 in the PDF
What the document says

“In no case shall a reference price for a covered commodity exceed 113 percent of the reference price for such covered commodity listed in subparagraph (A).”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301

The section caps each reference price at 113 percent of the price listed for that commodity in subparagraph (A).

What the document actually says

“In no case shall a reference price for a covered commodity exceed 113 percent of the reference price for such covered commodity listed in subparagraph (A).”

To provide for reconciliation pursuant to title II of H. Con. Res. 14, Sec. 10301
That sentence, in plain words

A price may never go above a set limit. That limit is 113 percent of the listed price.

What this is about

The yearly rise stops once it hits the cap. The cap is worked out from the price in the list. It is fixed for each crop.

No action is recorded against this proposal. That is not evidence that none has been taken, and nobody has yet read it against the record. See what the tracker does not yet cover.

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What This Page Covers, and What It Leaves Out

Each distinct thing the section does: the change to the effective reference price factor, the new list of reference prices by commodity, the yearly escalation from the 2031 crop year, and the ceiling on how far a reference price may rise.

The fifteen individual prices are set out in the summary rather than recorded as fifteen separate proposals.

The section works by amending section 1111 of the Agricultural Act of 2014, which is not indexed here, so how a reference price is used in a payment formula cannot be checked against anything on this site.