Sec. 10301. Effective reference price; reference price
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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 . Section 1111 of the Agricultural Act of 2014 ( 7 U.S.C. 9011 ) is amended by striking paragraph
(19)and inserting the following: 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: For wheat, $6.35 per bushel. For corn, $4.10 per bushel. For grain sorghum, $4.40 per bushel. For barley, $5.45 per bushel. For oats, $2.65 per bushel. For long grain rice, $16.90 per hundredweight. For medium grain rice, $16.90 per hundredweight. For soybeans, $10.00 per bushel. For other oilseeds, $23.75 per hundredweight. For peanuts, $630.00 per ton. For dry peas, $13.10 per hundredweight. For lentils, $23.75 per hundredweight. For small chickpeas, $22.65 per hundredweight. For large chickpeas, $25.65 per hundredweight. For seed cotton, $0.42 per pound. 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. 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). .
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Sec. 10301
Effective reference price; reference price
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