Commodity certificate
Encyclopedia
Commodity certificates are payments issued by the Commodity Credit Corporation
(CCC) in lieu of cash payments to participants in farm subsidy or agricultural export programs. Holders of certificates are permitted to exchange them for commodities owned by the CCC. Alternatively, farmers may buy certificates and use them to settle marketing assistance loans
as a way of avoiding per person payment limits on marketing loan gains and loan deficiency
payments (LDPs).
Commodity Credit Corporation
The Commodity Credit Corporation is a wholly owned government corporation created in 1933 to "stabilize, support, and protect farm income and prices"...
(CCC) in lieu of cash payments to participants in farm subsidy or agricultural export programs. Holders of certificates are permitted to exchange them for commodities owned by the CCC. Alternatively, farmers may buy certificates and use them to settle marketing assistance loans
as a way of avoiding per person payment limits on marketing loan gains and loan deficiency
payments (LDPs).