Statutory Reference Prices and the Next Farm Bill

Gary Schnitkey, Nick Paulson, Carl Zulauf, Jonathan Coppess and Bruce Sherrick

farmdoc daily, 2025, vol. 14, issue 91

Abstract: Both the House and Senate Agriculture Committees are considering increases to the statutory reference prices for some or all program crops. Increasing statutory reference prices would result in the largest increase in Federal spending of the proposed changes currently being discussed for the commodity title. Moreover, raising statutory reference prices will have disproportionate impacts across crops, increasing commodity program spending proportionally much more for peanuts, rice, and seed cotton than for corn, soybeans, and wheat.

Keywords: Agribusiness; Farm Bill; Weekly Farm Economics (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:ags:illufd:358515

DOI: 10.22004/ag.econ.358515

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