GSM-103 Short-Term Export Credit Guarantee Program: An Export Credit Guarantee Program that covers credit terms up to 10 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denominated, irrevocable letters of credit to pay for U.S.-grown food and agricultural products sold to foreign buyers. The CCC guarantee typically covers 98% of principal and a portion of interest.

 

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GSM-103 Short-Term Export Credit Guarantee Program: An Export Credit Guarantee Program that covers credit terms up to 10 years. The program underwrites credit extended by the private banking sector to approved foreign banks using dollar-denom . . . View Full Definition

National Research Initiative Competitive Grants Program (NRI): Generally referred to as the NRI, this program makes grants to scientists at both public and private laboratories for basic and applied agricultural research in priority areas as designated . . . View Full Definition

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National Milk Laboratory Certification Program: Under a Memorandum of Understanding with the National Conference on Interstate Milk Shipments, the Food and Drug Administration conducts a national certification program for state centralize . . . View Full Definition