Commodity Credit Corporation

Under Public Law 480, the Agricultural Trade Development and Assistance Act of 1954, as amended (7 U.S.C.A. 1691 et seq.), the CCC carries out other assigned activities. Along with providing domestic assistance to schools, hospitals, and nonprofit organizations, major emphasis is also directed toward meeting the needs of developing nations. Under the Food for Peace Act of 1966, which further amends the Agricultural Trade Act of 1954, agricultural commodities are procured and exported to combat hunger and malnutrition and to encourage economic improvement in developing countries.

The CCC is also involved in environmental issues. In 2000, the Agriculture Department implemented a two-year, $300 million incentive program designed to encourage increased production of biofuels (environmentally-friendly fuels) such as ethanol and soy-based biodiesel. As a result, the Commodity Credit Corporation provided cash incentives to bioenergy producers who increase their purchase of eligible agricultural commodities to expand production of ethanol, biodiesel, and other biofuels. Eligible commodities include barley, corn, grain sorghum, oats, rice, wheat, soybeans, and many seed crops.