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CARGILL IN GSM 



It is difficult to be precise in answering this question 

 since we do not account for sales by financing source. 

 However, it is likely that Cargill has exported more U.S. 

 commodities in both value and volume among exporters 

 participating in GSM programs. This reflects the company's 

 many years of trading, its diverse product lines and its 

 extensive long-term efforts to develop and sustain markets 

 for U.S. agricultural products. 



Programming decisions by the U.S. Department of Agriculture 

 determine which products are exported with credit 

 assistance and to which markets. Cargill' s sales thus are 

 only of the commodities selected by USDA, only to 

 USDA-approved destinations and within the dollars made 

 available for such transactions. 



USDA numbers show that a relatively small portion of total 

 U.S. agricultural exports are financed with GSM credit 

 assistance. In recent years, less than 20 percent of U.S. 

 total annual agricultural sales value of was sold with GSM 

 credit financing. Our own sales are of roughly the same 

 proportion. 



However, it is important to consider these numbers in the 

 context of market development. GSM-f inancing facilitates 

 sales to developing markets that may prove to be long-term 

 customers for U.S. agricultural commodities. As such 

 GSM-financed business may convey special strategic benefits 

 to overall U.S. market development efforts. 



