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This document serves as an agreement between the debtor and the Commodity Credit Corporation for the sale of collateral related to farm storage facility loans, detailing the terms and conditions of
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How to fill out ccc-400 commodity credit corporation
How to fill out CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral
01
Obtain the CCC-400 form from the USDA website or local FSA office.
02
Fill in the producer's name and address in the designated fields.
03
Provide the loan number associated with the collateral being sold.
04
Detail the type and quantity of the collateral being sold.
05
Indicate the sale price and the terms of the sale.
06
Sign and date the agreement where indicated.
07
Submit the completed form to your local FSA office for processing.
Who needs CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral?
01
Farmers or producers who have collateral under a CCC loan and wish to sell that collateral.
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People Also Ask about
What are CCC funds?
The California Conservation Corps administers several programs and grants to conserve, restore and enhance California's natural resources. Projects can include watershed protection, wildland fire prevention and non-motorized transportation improvements.
What are CCC payments?
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 does CCC payment mean?
Converted Check Copy (CCC) – Used by the receiving depository financial institution (RDFI) to request a copy of the converted check from the originating depository financial institution (ODFI).
What is the interest rate on a CCC loan?
Commodity and Storage Facility Loans Funds for these loans are provided through the Commodity Credit Corporation (CCC) and are administered by FSA. Commodity Loans(less than one year disbursed):5.625%. Farm Storage Facility Loans: Three-year loan terms: 4.000%
What does CCC payments mean?
CCC - Currency conversion charge A currency conversion charge is applied when you make a purchase using your debit or credit card in a currency other than Sterling.
How does a CCC loan work?
The Commodity Credit Corporation (CCC or the Corporation) is a wholly-owned Government corporation created in 1933 under a Delaware charter and reincorporated June 30, 1948, as a Federal corporation within the Department of Agriculture by the Commodity Credit Corporation Charter Act (PDF, 53 KB).
Does Commodity Credit Corp still exist?
CCC Payments integrates directly with the CCC ONE platform so that shops can accept payments quickly and securely. The amount owed seamlessly appears on your shop's payment terminal. The invoiced amount and record of payment received is automatically stored in CCC ONE – no re-keying, no extra effort.
What credit score is needed for an agricultural loan?
The credit score you need for a farm loan depends on your lenders, your personal finance history, and other factors relating to your loan request. 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.
What is CCC payment?
CCC - Currency conversion charge A currency conversion charge is applied when you make a purchase using your debit or credit card in a currency other than Sterling.
How do CCC loans 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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What is CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral?
The CCC-400 is a form used to document the sale of collateral pledged to the Commodity Credit Corporation (CCC) as security for certain types of loans. It is used primarily in agricultural finance.
Who is required to file CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral?
Producers or farmers who have pledged loan collateral to the CCC and wish to sell that collateral are required to file the CCC-400 form.
How to fill out CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral?
To fill out the CCC-400 form, the applicant must provide details about the collateral being sold, the sale agreement, and any pertinent identification or account numbers related to the loan collateral.
What is the purpose of CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral?
The purpose of the CCC-400 form is to authorize the sale of loan collateral while ensuring that the CCC is notified and that all transactions comply with relevant regulations.
What information must be reported on CCC-400 Commodity Credit Corporation Agreement for Sale of Loan Collateral?
The CCC-400 form must report information such as the borrower’s details, loan information, description of the collateral, the terms of the sale, and acknowledgment signatures from involved parties.
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