Congressman Davis Introduces Agricultural Commodities Price Enhancement Act 

WASHINGTON, D.C. - Congressman Don Davis (NC-01) introduced H.R. 2043, the Agricultural Commodities Price Enhancement Act. The legislation increases the reference price for seed cotton, peanuts, corn, soybeans, and wheat.

"Input costs for our farmers are astronomically high right now, whether it be fertilizer, seeds, or labor, and not to mention the volatility of the current world food market," said Congressman Davis. "Farmers need some certainty that they will be able to farm next year if their crops are not bringing in enough income to provide for their families. The Agricultural Commodities Price Enhancement Act directly addresses this by increasing reference prices for key commodities grown in eastern North Carolina and across the U.S.”

The Agricultural Commodities Price Enhancement Act increases the reference price for multiple commodities grown throughout eastern North Carolina and the U.S. The bill increases the reference price for seed cotton, peanuts, corn, soybeans, and wheat. Reference prices determine payouts from the Price Loss Coverage (PLC) Program and Agriculture Risk Coverage (ARC) Program, and farmers receive payments from the program when market prices fall below the effective reference price.

As a member of the House Committee on Agriculture, Congressman Don Davis is fighting for eastern North Carolina and rural America’s agriculture industry. He is fighting the good fight of faith in Washington, D.C., to deliver a strong bipartisan Farm Bill that will provide resources and equipment to our farmers, families, and rural communities.