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TeachMeFinance.com - explain Commodity loan rates Commodity loan rates The term 'Commodity loan rates ' as it applies to the area of agriculture can be defined as ' Price per unit (pound, bushel, bale, or hundredweight) at which the CCC provides nonrecourse loans to farmers to enable them to hold program crops for later sale. Commodity loans under the FAIR Act of 1996 are recourse for sugar in years that imports are below 1.5 million short tons, and will become recourse for dairy in 2000'. Previous 5 Terms: Commodity Exchange Authority Commodity Futures Trading Commission (CFTC) Commodity Futures Trading Commission (CFTC) Act of 1974 Commodity Import Programs (CIPs) Commodity letters of credit (CLOC) Next 5 Terms: Commodity programs Commodity promotion programs Commodity Supplemental Food Program (CSFP) Common Agricultural Policy (CAP) common algorithm 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.