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'''Generic certificates''' were [[Commodity certificate|commodity certificates]] used by the [[Commodity Credit Corporation]] (CCC) in the 1980s to meet payment obligations and simultaneously dispose of commodity inventories. Farmers paid with generic certificates could trade them for commodities owned and stored by the CCC. |
'''Generic certificates''' were [[Commodity certificate|commodity certificates]] used by the [[Commodity Credit Corporation]] (CCC) in the 1980s to meet payment obligations and simultaneously dispose of commodity inventories. Farmers paid with generic certificates could trade them for commodities owned and stored by the CCC. |
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Revision as of 05:24, 31 May 2020
 | This article needs more links to other articles to help integrate it into the encyclopedia. (December 2013) |
Generic certificates were commodity certificates used by the Commodity Credit Corporation (CCC) in the 1980s to meet payment obligations and simultaneously dispose of commodity inventories. Farmers paid with generic certificates could trade them for commodities owned and stored by the CCC.
References
This article incorporates public domain material from Jasper Womach. Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition (PDF). Congressional Research Service.
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