Commodity Credit Corporation

Commodity Credit Corporation in Global Commerce Policy

In this regard, commodity credit corporation is: CCC. The entries on trade policy are here. 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 mechanism is called the loan rate. Farmers may also be eligible for deficiency payments. CCC finances sales made under the Export Enhancement Program (EEP) and the Dairy Export Incentive Program (DEIP). See also Food for Progress program and PL 480.[1]

Commodity Credit Corporationin the wold Encyclopedia

For an introductory overview on international trade policy, see this entry.

Resources

Notes and References

1. Dictionary of Trade Policy, “Commodity Credit Corporation” entry (OAS)

See Also