Agricultural Export Credit Guarantees Hearing Before the Subcommittee On Econo
Agricultural Export Credit Guarantees Hearing Before the Subcommittee On Econo
Trade United States Congress House Committee On Forei
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These programs aid U. S. Commercial agricultural exports to countries experiencing hard currency constraints. These countries may not be able to purchase U. S. Agricultural commodities without credit. FAS cites these programs in its November 1992 Fact Sheet as being "fully commercial" in that private U. S. Financial institutions extend financing at interest rates that reflect prevailing market levels. The programs also serve to help a 'A listing of related GAO products on agricultural trade iss...ues is attached. 34 country make the transition from receiving U. S. Agricultural commodities on a highly concessional (subsidized) basis to purchasing U. S. Agricultural commodities on an unassisted basis. The programs were established in the 1980s by USDA's Commodity Credit Corporation tCCC), in accordance with authority given in CCC's charter. Program accounting services are provided by staff of the USDA's Agricultural Stabilization and Conservation Service. OVERVIEW OF THE PROGRAMS The Export Credit and Intermediate Export Credit Guarantee Programs are government loan guarantee programs.
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