US Grants $200 Million To Ag Marketers
15 November 2006 "USDA supports efforts to reach out to consumers around the world to demonstrate the high quality and variety of American food products," said Johanns. "The importance of trade is highlighted by predictions of a fourth straight year of record agricultural exports, which have become a critical part of the revenue portfolio for producers. USDA will continue to help our farmers and ranchers gain access to growing global markets."
Once final numbers are tallied, US agricultural exports for fiscal year 2006 are expected to be US$68 billion, up from the previous record of US$62.5 billion last year. Fiscal year 2007 exports are expected to reach US$72 billion, another record.
The fiscal year 2006 allocations announced today will be administered under the Foreign Agricultural Service (FAS) Market Access Program (MAP). The MAP uses funds from USDA’s Commodity Credit Corporation (CCC) to share the costs of overseas marketing and promotional activities with US agricultural trade organizations, state regional groups, and cooperatives.
A listing for of groups to receive allocations for fiscal year 2006 can be found at the USDA-FAS web site.
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