Ccc 36 assignment of payment 2022-2025

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The document is a form (CCC-36) from the U.S. Department of Agriculture's Commodity Credit Corporation, used for the assignment of payments related to various agricultural programs. It requires information from both the producer (assignor) and the assignee, including names, addresses, tax identification numbers, and details about applicable programs and assigned amounts. The form outlines the terms of assignment, revocation procedures, and legal disclaimers regarding payment responsibilities and federal debt offsets.

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What does CCC stand for in USDA?

The Commodity Credit Corporation (CCC) is a Government-owned and operated entity that was created to stabilize, support, and protect farm income and prices. CCC also helps maintain balanced and adequate supplies of agricultural commodities and aids in their orderly distribution.

What is a CCC 36?

Producers (Assignors) may use form CCC-36 to assign payments under various Commodity Credit Corporation (CCC), Farm Service Agency (FSA) programs, or for Natural Resources Conservation Service (NRCS) programs.

What does CCC payments mean?

The cash conversion cycle (CCC) also known as the cash cycle is a metric expressing how many days it takes a company to convert the cash it spends on inventory back into cash by selling its product. The shorter a companys CCC, the less time it has money tied up in accounts receivable and inventory.

What is a CCC?

The information will be used to certify that an individual, legal entity, or joint operation is a member of a socially disadvantaged group, qualifies as a limited resource CCC producer, qualifies as a beginning farmer or rancher or qualifies as a veteran farmer or rancher.

How does a CCC loan work?

A CCC loan involves a farmer pledging bushels of grain as collateral for a loan. The loan allows the farmer to create cashflow without the need to sell the grain. If prices rise, the grain can be sold, and the loan (and interest) paid off with the farmer keeping the balance.

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