The One Big Beautiful bill reauthorizes commodity programs through 2031 and raises reference prices for every covered commodity. In recent years, reference prices haven't even covered increases in input costs. But thanks to this bill, Commodity program reference prices will more closely reflect the actual market conditions that farmers are dealing with. We also included a voluntary base acre update for three programs. The first in a number of years, making 30 million acres available. (01:15–01:22)
CLAIM
Asserts that the bill adjusts reference prices to better match market conditions.
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