Commodity Credit Corporation

The Commodity Credit Corporation (CCC) was organized October 17, 1933, pursuant to Executive Order 6340 of October 16, 1933, under the laws of the State of Delaware, as an agency of the United States. From October 17, 1933, to July 1, 1939, the CCC was managed and operated in close affiliation with the Reconstruction Finance Corporation. On July 1, 1939, the CCC was transferred to the Department of Agriculture by the President's Reorganization Plan 1 of 1939. Approval of the Commodity Credit Corporation Charter Act on June 29, 1948 (62 Stat. 1070; 15 U.S.C.A. No. 714), subsequently amended, established the CCC, effective July 1, 1948, as an agency and instrumentality of the United States under a permanent Federal charter. The purpose of CCC is to stabilize and protect farm income and prices, to assist in maintaining balanced and adequate supplies of agricultural commodities and their products, and to facilitate the orderly distribution of commodities

Black's law dictionary. . 1990.

Look at other dictionaries:

  • Commodity Credit Corporation — The Commodity Credit Corporation (CCC) is a wholly owned government corporation created in 1933 to stabilize, support, and protect farm income and prices (federally chartered by the CCC Charter Act of 1948 (P.L. 80 806)). The CCC is authorized to …   Wikipedia

  • Commodity Credit Corporation — La Commodity Credit Corporation ou CCC est une agence gouvernementale américaine rattachée au département de l Agriculture des États Unis qui fut créée le 17 octobre 1933 dans le cadre du New Deal de Franklin D. Roosevelt. Un jour plus tôt,… …   Wikipédia en Français

  • Commodity Credit Corporation — ( CCC) A government owned corporation established in 1933 to support prices through purchases of excess crops, to control supply through acreage reduction programs, and to devise export programs. The CENTER ONLINE Futures Glossary …   Financial and business terms

  • Commodity Credit Corporation — A federally owned and operated corporation within USDA. It was created to stabilize, support, and protect agricultural prices and farm income through loans, purchases, payments, and other operations …   Combined glossary of agriculture

  • Commodity Credit Corporation — An agency of the United States operating under it federal charter in supporting prices of agricultural commodities through loans, purchases, and payments; disposing of surplus agricultural commodities; promoting the marketing of agricultural… …   Ballentine's law dictionary

  • Commodity Credit Corporation - CCC — An agency of the U.S. Department of Agriculture. The Commodity Credit Corporation (CCC) was created to support and protect the income of American farmers, as well as agricultural prices. This agency assists in maintaining an adequate variety and… …   Investment dictionary

  • Commodity certificate — Commodity certificates are payments issued by the Commodity Credit Corporation (CCC) in lieu of cash payments to participants in farm subsidy or agricultural export programs. Holders of certificates are permitted to exchange them for commodities… …   Wikipedia

  • Commodity loan rate — The commodity loan rate is the price per unit (pound, bushel, bale, or hundredweight) at which the Commodity Credit Corporation (CCC) provides commodity loans to farmers to enable them to hold commodities for later sale, to realize marketing loan …   Wikipedia

  • Commodity programs — In United States federal agricultural policy, the term commodity programs is usually meant to include the commodity price and income support programs administered by the Farm Service Agency and financed by the Commodity Credit Corporation (CCC).… …   Wikipedia

  • Commodity Distribution Program — The Commodity Distribution Program, a program under Section 14 of the Richard B. Russell National School Lunch Act (NSLA) (P.L. 79 396, as amended), requires the Secretary of Agriculture to use agricultural surplus removal funds (Section 32) and… …   Wikipedia

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