Commodity Credit Corporation

Commodity Credit Corporation (Lender to tobacco farmers, part of U.S. Dept. of Agriculture): Lends money to tobacco farmers cooperatives, is part of the U.S. Dept. of Agriculture.


 * Gus Schumacher - former president

= Description =

The abbreviation for Commodity Credit Corporation is CCC. The tobacco farmers' cooperatives get the money to lend farmers from the CCC, which is effectively part of the U.S. Department of Agriculture. See United States Department of Agriculture, TTLA Almanac - Names.

Dairy Price Support Program
Under the Dairy Price Support Program, the CCC buys surplus butter, cheese, and nonfat dry milk from processors to support the dairy industry and maintain market prices. These purchases totaled 500 million pounds in the fiscal year 2000 and 400 million pounds in fiscal year 2001. See also U.S. Department of Agriculture, sections 4 to 5.1 for product promotion, commodity foods, government bailouts and government partnerships with industry.

Sourcewatch articles

 * U.S. Department of Agriculture
 * Meat & Dairy industry
 * Tobacco industry