Skip repetitive navigation links.
United States Department of AgricultureFarm Services AgencyFarm Service Agency
Go to FSA Home Go to FSA Home Go to About FSA Go to State Offices Go to Newsroom Go to Online Services Go to Forms Go to Help Go to Contact Us Go to Spanish Languages
Search FSA
Go To Search Tips
Browse by Audience
Agribusiness
Cooperatives
Congress
FSA Employees
Landowners
Conservationists
Lenders and Banks
Media
Parents and Caregivers
Producers
Researchers
Academic Community
Browse by Subject
Go to Aerial Photography
Go to ARC/PLC Program
Go to Commodity Operations
Go to Conservation Programs
Go to Dairy Margin Protection Program
Go to Direct and Counter-Cyclical Program/ACRE
Go to Disaster Assistance Programs
Go to Economic and Policy Analysis
Go to Energy Programs
Go to Environmental and Cultural Resource Compliance
Go to Farm Loan Programs
Go to Financial Management Information
Go to Laws and Regulations
Go to Modernize and Innovate the Delivery of Agricultural Systems
Go to Outreach and Education
Go to Payment Eligibility
Go to Price Support
Go to Tobacco
Media
About the Commodity Credit Corporation

 
Background

 
The Commodity Credit Corporation (CCC) is a Government-owned and operated entity that was created to stabilize, support, and protect farm income and prices. CCC also helps maintain balanced and adequate supplies of agricultural commodities and aids in their orderly distribution.

 
CCC was incorporated October 17, 1933, under a Delaware charter with a capitalization of $3 million. It was initially managed and operated in close affiliation with the Reconstruction Finance Corporation, which funded its operations.

 
On July 1, 1939, CCC was transferred to the United States Department of Agriculture (USDA). It was reincorporated on July 1, 1948, as a Federal corporation within USDA by the Commodity Credit Corporation Charter Act (62 Stat.1070; 15 U.S.C. 714). As amended through the Presidential Appointment Efficiency and Streamlining Act of 2011, P.L. 112-166, Enacted August 10, 2012.

 
Basic Responsibilities

 
The CCC Charter Act, as amended, aids producers through loans, purchases, payments, and other operations, and makes available materials and facilities required in the production and marketing of agricultural commodities.

 
The CCC Charter Act also authorizes the sale of agricultural commodities to other government agencies and to foreign governments and the donation of food to domestic, foreign, or international relief agencies. CCC also assists in the development of new domestic and foreign markets and marketing facilities for agricultural commodities.

 
The 1996 Farm Bill significantly changed U.S. agricultural policy. Earlier, USDA made deficiency payments to producers of wheat, feed grains, cotton, and rice to make up the differences between target prices and seesawing market prices. The 1996 Farm Bill capped spending for the first time, guaranteeing farmers a series of fixed but declining "production flexibility contract" payments.

 
Organization

 
CCC is managed by a Board of Directors, subject to the general supervision and direction of the Secretary of Agriculture, who is an ex-officio director and chairperson of the Board. The Board consists of seven members, in addition to the Secretary, who are appointed by the President of the United States by and with the advice and consent of the Senate. All members of the Board and Corporation officers are USDA officials.

 
CCC has no operating personnel. Its price support, storage, and reserve programs, and its domestic acquisition and disposal activities are carried out primarily through the personnel and facilities of the Farm Service Agency (FSA).

 


Last Modified: 06/27/14 12:34:50 PM


FSA Home | USDA.gov | Common Questions | Site Map | Policies and Links
FOIA | Accessibility Statement | Privacy Policy | Nondiscrimination Statement | Information Quality | USA.gov | White House