TeachMeFinance.com - explain Commodity certificates
Commodity certificates The term 'Commodity certificates ' as it applies to the area of agriculture can be defined as ' 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. Certificates were used not only to compensate program beneficiaries but also to reduce the large, costly, and price-depressing commodity surpluses held by the CCC during the mid-1980s'.
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