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A federal export assistance program once operated by the [[Foreign Agricultural Service]]. Loans were made directly by the [[Commodity Credit Corporation]] at [[USDA]]-determined interest rates to foreign buyers of agricultural commodities. Through FY1980, government credit for agricultural exports was made available through the GSM-5 program. For budget austerity reasons, the program was replaced with federal [[export credit guarantees]] in FY1981. A more limited [[blended credit]] program was used in FY1983-85 that combined direct credit with guaranteed credits.  
 
A federal export assistance program once operated by the [[Foreign Agricultural Service]]. Loans were made directly by the [[Commodity Credit Corporation]] at [[USDA]]-determined interest rates to foreign buyers of agricultural commodities. Through FY1980, government credit for agricultural exports was made available through the GSM-5 program. For budget austerity reasons, the program was replaced with federal [[export credit guarantees]] in FY1981. A more limited [[blended credit]] program was used in FY1983-85 that combined direct credit with guaranteed credits.  
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[[Category: Agriculture]]
 
[[Category: Agriculture]]
 
[[Category: Political Science]]
 
[[Category: Political Science]]

Latest revision as of 14:35, 29 October 2019

A federal export assistance program once operated by the Foreign Agricultural Service. Loans were made directly by the Commodity Credit Corporation at USDA-determined interest rates to foreign buyers of agricultural commodities. Through FY1980, government credit for agricultural exports was made available through the GSM-5 program. For budget austerity reasons, the program was replaced with federal export credit guarantees in FY1981. A more limited blended credit program was used in FY1983-85 that combined direct credit with guaranteed credits.

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