Commodity Credit Corporation

The American Farm Bureau Federation and 41 other agriculture organizations are asking Congress to ensure the USDA has the tools necessary to help farmers in times of crisis. The group sent a letter to House and Senate leadership requesting they immediately provide replenishment for the Commodity Credit Corporation (CCC) through the continuing resolution. Without immediate replenishment, funding for farm bill programs could run out while farmers struggle against low commodity prices, natural disasters and the coronavirus pandemic.

“For decades, CCC has been regularly replenished to fund programs integral to the farm safety net that Congress has worked tirelessly to craft,” the letter states. “Producers count on programs like Agriculture Risk Coverage, Price Loss Coverage, Dairy Margin Coverage, Marketing Assistance Loans, conservation programs, and many others as they provide food, fuel and fiber for our nation. Without immediate CCC reimbursement, payments and programs would be significantly delayed, jeopardizing operations across the country.”

Although much recent attention has been focused on the Commodity Credit Corporation aid to farmers to address the unprecedented crisis caused by the pandemic, it’s important to recognize that the CCC is critical when natural disasters strike, enabling USDA to act quickly to deliver aid. The CCC is also core to our nation’s success advancing conservation efforts, having enrolled more than 140 million acres in USDA conservation programs – more than the land mass of California and New York combined. In reality, the CCC is a stabilizing force across U.S. agriculture.