Department of Agriculture, Commodity Credit Corporation:
Farm Storage Facility Loan Program
OGC-00-31, May 24, 2000
Pursuant to a legislative requirement, GAO reviewed the Commodity Credit Corporation's (CCC) new rule on the Farm Storage Facility Loan Program. GAO noted that: (1) the rule implements CCC's Farm Storage Facility Loan Program utilizing authority in the CCC Charter Act; (2) the program will provide financing for producers to build or upgrade farm storage and handling facilities; and (3) CCC complied with applicable requirements in promulgating the rule.