Commodity Credit Corporation - CCC

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Capitalization

    1. In accounting, it is where costs to acquire an asset are included ...
  2. Commodity

    1. A basic good used in commerce that is interchangeable with ...
  3. Corporation

    A legal entity that is separate and distinct from its owners. ...
  4. Credit

    1. A contractual agreement in which a borrower receives something ...
  5. Advance Dividend

    An estimate of the present value of an asset being liquidated ...
  6. Genetic Engineering

    The artificial modification of an organism’s genetic composition. ...
Related Articles
  1. Why are corporations so concerned about ...
    Options & Futures

    Why are corporations so concerned about ...

  2. Why would a multinational corporation ...
    Investing

    Why would a multinational corporation ...

  3. When would a corporation want to refinance ...
    Investing

    When would a corporation want to refinance ...

  4. Can private corporations issue convertible ...
    Investing

    Can private corporations issue convertible ...

comments powered by Disqus
Hot Definitions
  1. Halloween Massacre

    Canada's decision to tax all income trusts domiciled in Canada. In October 2006, Canada's minister of finance, Jim Flaherty, ...
  2. Zombies

    Companies that continue to operate even though they are insolvent or near bankruptcy. Zombies often become casualties to ...
  3. Witching Hour

    The last hour of stock trading between 3pm (when the bond market closes) and 4pm EST. Witching hour is typically controlled ...
  4. October Effect

    The theory that stocks tend to decline during the month of October. The October effect is considered mainly to be a psychological ...
  5. Repurchase Agreement - Repo

    A form of short-term borrowing for dealers in government securities.
  6. Correlation

    In the world of finance, a statistical measure of how two securities move in relation to each other. Correlations are used ...
Trading Center