# 2018 Farm Bill Reference Price Escalator for 2019 Market Year - ProAg

> An analysis explains how the 2018 Farm Bill's reference price escalator sets effective reference prices for 2019 crop year ARC and PLC payments. The reference price is the higher of the statutory price or 85% of the five-year Olympic average, capped at 115% of the statutory price.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/60718-2018-farm-bill-reference-price-escalator-for-2019-market-year-proag
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

The escalator sets the government支持 floor that influences planting and marketing decisions for US program crops. It is a policy detail with limited immediate price impact.

## Read by commodity

- SOY: neutral
- CORN: neutral
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | +0.8% | +5.1% |
| CORN | 2017-07-05 | [EPA Proposes RFS Volumes Reflective of Market Realities for 2018 \| U.S. EPA News Releases \| US EPA](https://feedsoft.ai/events/69848-epa-proposes-rfs-volumes-reflective-of-market-realities-for-2018-u-s-epa-news.md) | +3.3% | -3.3% |
| CORN | 2017-03-15 | [Previewing a 2018 Farm Bill - EveryCRSReport.com](https://feedsoft.ai/events/71989-previewing-a-2018-farm-bill-everycrsreport-com.md) | +1.0% | +1.9% |
| CORN | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -0.4% | +2.4% |
| CORN | 2023-01-31 | [EPA Proposes Renewable Fuel Standards for 2023, 2024 and 2025 \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/15340-epa-proposes-renewable-fuel-standards-for-2023-2024-and-2025-farm-bureau-intel.md) | +1.3% | -4.0% |
| SOY | 2024-05-15 | [Statutory Reference Prices and the Next Farm Bill - farmdoc daily](https://feedsoft.ai/events/30236-statutory-reference-prices-and-the-next-farm-bill-farmdoc-daily.md) | +3.1% | -1.8% |
| SOY | 2017-03-15 | [Previewing a 2018 Farm Bill - EveryCRSReport.com](https://feedsoft.ai/events/71989-previewing-a-2018-farm-bill-everycrsreport-com.md) | +1.4% | -4.9% |
| SOY | 2018-01-05 | [IFES 2017: Farm Policy Review and Outlook for the 2018 Farm Bill - farmdoc daily](https://feedsoft.ai/events/66971-ifes-2017-farm-policy-review-and-outlook-for-the-2018-farm-bill-farmdoc-daily.md) | -2.0% | +2.0% |

## Sources

- proag.com: https://www.proag.com/news/2018-farm-bill-reference-price-escalator-for-2019-market-year/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.