US Commodity Credit Corporation
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The Commodity Credit Corporation (CCC) is a wholly-owned Government corporation established in 1933 under a Delaware charter and later reincorporated as a Federal corporation within the Department of Agriculture. It implements specific programs authorized by Congress, including domestic farm income, price support, and conservation programs, as well as foreign market development and international activities related to agriculture. The CCC is managed by a Board of Directors appointed by the President of the United States and operates through various USDA agencies and federal employees.
With an authorized capital stock of $100 million and the ability to borrow up to $30 billion, the CCC plays a crucial role in supporting agricultural initiatives in the United States. Its programs are carried out by agencies such as the Farm Service Agency, Foreign Agricultural Service, and the United States Agency for International Development. The CCC's primary focus is to ensure the stability of domestic agricultural prices and income, promote conservation efforts, and facilitate international trade and development in the agricultural sector.
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