The Commodity Credit Corporation (CCC) is Government-owned and operated. The Corporation was created to stabilize, support, and protect farm income and prices. The CCC also helps maintain balanced and adequate supplies of agricultural commodities and helps in their orderly distribution. The CCC was incorporated October 17, 1933, under a Delaware charter with a capitalization of $3 million. It was initially managed and operated in close affiliation with the Reconstruction Finance Corporation, which funded its on-going operations. On July 1, 1939, the CCC was transferred to the Department of Agriculture by the President's Reorganization Plan I. It was re-incorporated on July 1, 1948, as a Federal corporation within the Department of Agriculture by the Commodity Credit Corporation Charter Act (62 Stat. 1070; 15 U.S.C. 714).
