Ccc 860 2025

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The document is a certification form (CCC-860) from the U.S. Department of Agriculture for socially disadvantaged, limited resource, and beginning farmers or ranchers. It outlines the definitions and criteria for these classifications, provides instructions for completion, and emphasizes the importance of accurate information to avoid penalties. The form must be submitted to the local County FSA Office.

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Click ‘Get Form’ to open the CCC-860 in the editor.
Begin by filling in Section 1A with your County FSA Office Name and Address, including the Zip Code. Then, provide your Telephone Number in Section 1B and specify the Program Year in Section 1C.
In Section 2, enter your name and address as the applicant. Ensure all details are accurate for proper identification.
Proceed to Part A, where you will certify if you are a socially disadvantaged farmer or rancher by checking the appropriate box.
For Part B, check the boxes confirming your gross farm sales and household income meet the specified criteria. Refer to Table 1 on page 2 for exact figures.
In Part C, confirm your status as a beginning farmer or rancher by checking the relevant boxes and providing the date you began farming.
Finally, sign and date the form in Sections 6A, 6B, and 6C before submitting it back to your County FSA Office.

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What qualifies as a socially disadvantaged farmer?

Socially disadvantaged Farmer or Rancher- a farmer or rancher who has been subjected to racial or ethnic prejudices because of their identity as a member of a group without regard to their individual qualities.

What does CCC stand for in FSA?

November 1999. continues ▼▼▼▼▼ Background. The Commodity Credit Corporation (CCC) is a Government-owned and operated entity that was created to stabilize, support, and protect farm income and prices.

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.

What is a CCC 860 form?

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.

What credit score is needed for an agricultural loan?

As a baseline, you should maintain a credit score of at least 660, though most ag lenders will question a credit score below 700. However, there are exceptions.

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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.

Are CCC loans taxable?

1.77-1 Election to consider Commodity Credit Corporation loans as income. A taxpayer who receives a loan from the Commodity Credit Corporation may, at his election, include the amount of such loan in his gross income for the taxable year in which the loan is received.

Ccc 860 2025

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What is a CCC 860 form?

What credit score is needed for an agricultural loan?

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