Commodity Credit Corporation

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This article is part of the Tobacco portal on Sourcewatch funded from 2006 - 2009 by the American Legacy Foundation.

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.

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. [1] See also U.S. Department of Agriculture, sections 4 to 5.1 for product promotion, commodity foods, government bailouts and government partnerships with industry.

Articles & sources

Sourcewatch articles

References

  1. Agricultural Fact Book, 2001-2002 Farm and Foreign Agricultural Services, USDA.gov, Chapter 7, accessed January 2009


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