Comparing Reference Prices to Average Projected Prices
Created on June 14, 2013
House Reference Price
Average Projected Price (2014–2018)
Notes: Projected prices are based on the CBO’s 2013 projections of marketing-year average prices. The House bill uses midseason prices as opposed to marketing-year average prices; however, while prices certainly fluctuate, there is a good chance that midseason prices would be even lower than the marketing-year average prices based on a comparison of midseason prices to marketing-year average prices for rice and peanuts for 2003–2012. See footnote 26 for more details.
Sources: Agriculture Reform, Food, and Jobs Act of 2013, S. 954, and Federal Agriculture Reform and Risk Management Act of 2013, H.R. 1947, latest versions at time of publication; and Congressional Budget Office, “CBO’s May 2013 Baseline for Farm Programs,” May 14, 2013, http://www.cbo.gov/publication/44202 (accessed May 30, 2013).