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.

  1. Commodity

    1. A basic good used in commerce that is interchangeable with ...
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    1. A contractual agreement in which a borrower receives something ...
  3. Corporation

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

    1. In accounting, it is where costs to acquire an asset are included ...
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    A series of financial ratios and other performance criteria used ...
  6. Correction Notice

    A notice indicating that a process or application contains errors ...
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