This week’s Cotton Newsline is 3 cuts. All cuts are Gary Adams, vice president of economics and policy analysis for the National Cotton Council.
Suggested Introduction 1:
USDA has announced some changes to the fees that will be charged for use of the Export Credit Guarantee Program also known as the GSM – 102 program. Gary Adams, vice president of economics and policy analysis for the National Cotton Council, says the new fee schedule will apply to any payment guarantees applied for beginning April 20, 2010.
Suggested Introduction 2:
Adams says this program is used for a range of Agricultural Commodities.
Suggested Introduction 3:
Adams points out that the changes in the fee structure are designed to reflect some of the underlying risk behind the transactions.