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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'. Previous 5 Terms: Commission on 21st Century Production Agriculture Commissioned agent Committed dose equivalent (CDE) Committed effective dose equivalent (CEDE) Commodity Assistance Program Next 5 Terms: Commodity Credit Corporation (CCC) Commodity distribution Commodity Distribution Program Commodity Distribution Reform Act and WIC Amendments of 1987 Commodity exchange About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.