COMMODITY CREDIT CORPORATION

Domain	Definition
Agriculture	A wholly owned government corporation created in 1933 to stabilize, support, and protect farm income and prices (federally chartered by the Commodity Credit Corporation Charter Act of 1948 (P.L. 80-806, June 29, 1948)). The CCC, which has no staff, is essentially a financing institution for USDA's farm price and income support commodity programs, and agricultural export subsidies. It is authorized to buy, sell, lend, make payments and engage in other activities for the purpose of increasing production, stabilizing prices, assuring adequate supplies, and facilitating the efficient marketing of agricultural commodities. The FAIR Act of 1996 expanded the CCC mandate to include funding for several conservation programs (including the Conservation Reserve Program) and made conservation one of the purposes of the CCC. The programs funded through CCC are administered by employees of the Farm Service Agency. The CCC has the authority to borrow up to $30 billion from the U.S. Treasury to carry out its obligations. Net losses on financial operations subsequently are restored through the congressional appropriations process. (CCC). (references)
Source: compiled by the editor from various references; see credits.

Non-Fiction Usage: COMMODITY CREDIT CORPORATION

Subject	Topic	Quote
Economic History	Dominican Republic	The Dominican Republic is current on foreign private debt and has agreed to pay arrears of about $130 million to the U.S. Department of Agriculture's Commodity Credit Corporation. (references)
	Azerbaijan	The Commodity Credit Corporation (CCC) of the U.S. Department of Agriculture (USDA) administers export credit guarantee programs for commercial financing of U.S. agricultural exports. (references)
	Syria	For the same reason, the Export-Import Bank of the U.S., Small Business Administration, Commodity Credit Corporation and the Trade Development Agency may not extend financing for activities in Syria. (references)
Trade	Uruguay	C. Commodity Credit Corporation (CCC): The CCC finances exports of U.S. agricultural commodities. (references)
	Chile	For agricultural and food products, the USDA Commodity Credit Corporation offers export credit guarantees for exporters to Chile. (references)
	Turkey	USDA's Commodity Credit Corporation offers three-year GSM-102 export credit guarantees for imports of a wide range of agricultural products. (references)
Source: compiled by the editor from ICON Group International, Inc.; see credits.

Frequency of Internet Keywords: COMMODITY CREDIT CORPORATION