Commodity Credit Corporation - CCC

DEFINITION of '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 volume of agricultural commodity supplies. The CCC also helps to facilitate their systematic distribution.

BREAKING DOWN 'Commodity Credit Corporation - CCC'

The CCC was created on October 17, 1933 as part of President Roosevelt's New Deal program. It was incorporated under a Delaware charter and given intial capitalization of $3 million. It was reincorporated in 1948 as a federal corporation.

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