Commodity Credit Corporation (CCC)
Introduction Commodity Credit Corporation (CCC) is one of the leading public corporations in the United States that operate to improve the nation’s economy in various capacities (USDA 2016). It was created in 1933 with an aim of stabilising, supporting and protecting the income and prices derived from the farming activities. Besides, it was also charged with the maintenance a balanced and sufficient supplies of the agricultural products, thus facilitating an organised distribution of commodities. According to Vercammen (2012), the formation of CCC was based on the Delaware charter with the capitalization of $3 million. It was initially managed, ...
