Legal Definitions - Commodity Credit Corporation

The Commodity Credit Corporation (CCC) is a federally chartered corporation that was established to stabilize farm income and prices by extending credit. It was incorporated in Delaware in 1933 and operated in affiliation with the Reconstruction Finance Corporation. In 1939, it was transferred to the U.S. Department of Agriculture and chartered in 1948 as a federal corporation.

The CCC provides loans and other financial assistance to farmers and ranchers to help them manage their operations and maintain stable prices for their products. It also helps to support rural communities by providing funding for infrastructure projects and other initiatives.

For example, the CCC might provide a loan to a farmer to help them purchase new equipment or expand their operations. This can help the farmer to increase their productivity and profitability, which in turn can help to stabilize prices for their products.

Another example of how the CCC works is through its support for crop insurance programs. These programs help to protect farmers from losses due to weather events, pests, and other factors that can impact crop yields. By providing this support, the CCC helps to ensure that farmers can continue to produce crops and maintain stable prices for their products.