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TeachMeFinance.com - explain Section 416 Section 416 The term 'Section 416 ' as it applies to the area of agriculture can be defined as ' A section of the Agricultural Act of 1949 that provides for the disposition of agricultural commodities held by the Commodity Credit Corporation to prevent waste. Disposal is usually carried out by donation of commodities to charitable groups and foreign governments'. Previous 5 Terms: Section 3 lands Section 301 Section 32 Section 4 general or basic assistance Section 404 Next 5 Terms: Section 502 loans Section 504 loans and grants Section 514 loans Section 515 loans Section 516 grants 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.