Commodity Credit Corporation

Commodity Credit Corporation

 

 

Commodity Credit Corporation

 

Meaning of Commodity Credit Corporation

Commodity Credit Corporation: CCC. A government corporation within the United States Department of Agriculture charged with stabilizing, supporting and protecting farm incomes. The main functions of the CCC are (a) to assist producers through loans, purchases and payments and through providing materials and facilities needed in the production and marketing of agricultural commodities, and (b) to permit the sale of agricultural commodities to other government agencies and foreign governments as well as to donate food to domestic and international relief agencies. The CCC also has a role in developing new domestic and international markets. Main commodities receiving CCC support are wheat, corn, oilseeds, cotton, rice, tobacco, milk and milk products, barley, oats, grain sorghum, mohair, honey, peanuts and sugar. Farmers can receive commodity loans in return for pledging and storing part of the commodity as a security. This

 

Source: http://ctrc.sice.oas.org/trc/WTO/Documents/Dictionary%20of%20trade%20%20policy%20terms.pdf

Web site to visit: http://ctrc.sice.oas.org

Author of the text: W. Goode

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Commodity Credit Corporation

 

Commodity Credit Corporation

 

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Commodity Credit Corporation

 

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Commodity Credit Corporation