Commodity programs

Commodity programs

In United States federal agricultural policy, the term commodity programs is usually meant to include the commodity price and income support programs administered by the Farm Service Agency and financed by the Commodity Credit Corporation (CCC). The commodities now receiving support are:

  1. those receiving Direct and Counter-cyclical Program (DCP) payments, specifically wheat, corn, grain sorghum, barley, oats, upland cotton, rice, soybeans and other oilseeds, and peanuts;
  2. those eligible for nonrecourse marketing assistance loans, which includes the previous mentioned commodities plus wool, mohair, honey, dry peas, lentils, and small chickpeas; and
  3. those having other unique support, including sugar, and milk.

A broader phrase that includes these commodity programs and other assistance is farm programs.

See also


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • Commodity Credit Corporation — The Commodity Credit Corporation (CCC) is a wholly owned government corporation created in 1933 to stabilize, support, and protect farm income and prices (federally chartered by the CCC Charter Act of 1948 (P.L. 80 806)). The CCC is authorized to …   Wikipedia

  • Commodity certificate — 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… …   Wikipedia

  • Commodity Futures Trading Commission Act of 1974 — Commodity Futures Trading Commission (CFTC) Act of 1974 (P.L. 93 463) created the Commodity Futures Trading Commission, to replace the U.S. Department of Agriculture’s Commodity Exchange Authority, as the independent federal agency responsible… …   Wikipedia

  • Commodity checkoff program — In the United States, a commodity checkoff program collects funds though a checkoff mechanism, sometimes called checkoff dollars, from producers of a particular agricultural commodity and uses these funds to promote and do research on the… …   Wikipedia

  • Commodity Assistance Program — In United States agricultural law, Commodity Assistance Program is term used by appropriators to refer to a variety of domestic programs receiving food in the form of USDA supplied commodities. The term was formalized for the first time in FY1996 …   Wikipedia

  • Commodity Distribution Program — The Commodity Distribution Program, a program under Section 14 of the Richard B. Russell National School Lunch Act (NSLA) (P.L. 79 396, as amended), requires the Secretary of Agriculture to use agricultural surplus removal funds (Section 32) and… …   Wikipedia

  • Commodity Futures Trading Commission — U.S. Commodity Futures Trading Commission Official seal Agency overview Formed April 15, 1975 Preceding agency Commodity Exchange Authority …   Wikipedia

  • commodity trade — ▪ economics Introduction       the international trade in primary goods. Such goods are raw or partly refined materials whose value mainly reflects the costs of finding, gathering, or harvesting them; they are traded for processing or… …   Universalium

  • Commodity Distribution Reform Act and WIC Amendments of 1987 — The Commodity Distribution Reform Act and WIC Amendments of 1987 (P.L. 100 237) (January 8, 1988) established a free standing law requiring the USDA to improve the distribution and quality of commodities donated to child nutrition programs. It… …   Wikipedia

  • Commodity loan rate — The commodity loan rate is the price per unit (pound, bushel, bale, or hundredweight) at which the Commodity Credit Corporation (CCC) provides commodity loans to farmers to enable them to hold commodities for later sale, to realize marketing loan …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”