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Farm Bureau Analysis Details Concern About Available Commodity Credit Corporation Funds
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1010 WCSI
The Commodity Credit Corporation could soon fall short of funds while hindering farm safety net programs.
John Newton, vice president of public policy with the American Farm Bureau Federation, says this is where the Commodity Credit Corporation comes into play.
All of those programs are funded through the Commodity Credit Corporation, which has a borrowing authority of $30 billion per year.”
The improvements in the Farm Bill programs last year will likely cost more than the Commodity Credit Corporation’s defined limit.
If the Commodity Credit Corporation doesn’t have liquidity, USDA’s hands are really tied,” he added.