Commodity Credit Corporation (CCC)

Updated: Aug 20, 2021

A US federal agency set up in 1933 to provide price support for US farmers. Federal Treasury money is used to lend to farmers on the security of their crops; the loans and accumulated interest can be settled by delivery of the crops at support prices. The CCC sells the resulting stocks later if and when prices rise.

Reference: Oxford Press Dictonary of Economics, 5th edt.

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