Commodity Credit Corporation (CCC) is a corporation within the United States Department of Agriculture. The corporation works to stabilize and support farm income and prices. It also helps maintain balanced and adequate supplies of agricultural commodities (goods) and assists in the orderly distribution of commodities.
The corporation supports prices of agricultural commodities through loans, purchases, payments, and other activities. It sells agricultural commodities to other government agencies and to foreign governments, and it donates food to relief agencies. The corporation also helps develop new domestic and foreign markets as well as marketing facilities for agricultural commodities.
The Commodity Credit Corporation is managed by a board of directors. The board consists of the secretary of agriculture, who serves as the board’s chairperson, and seven members appointed by the president. The corporation has no operating personnel. To carry out its programs, it uses mainly the facilities and personnel of the Agriculture Department’s Farm Service Agency. The corporation’s commodity operations office in Kansas City, Missouri, has specific responsibilities for the acquisition, handling, storage, and disposal of commodities. The Commodity Credit Corporation was created in 1933.
