§55313 Exemption of Certain Agricultural Exports From Cargo Preference Provisions

Summary

Exempts certain agricultural export actions by the Secretary of Agriculture (head of the U.S. Department of Agriculture) and the Commodity Credit Corporation (a government program that supports farm exports) from the cargo preference rules in sections 55304 and 55305. The exemption covers five types of activities: making CCC-held farm goods available to U.S. exporters, users, processors, or foreign buyers at world market prices; making payments to U.S. exporters, users, or processors and, except as provided in section 55314, cash grants to foreign buyers for that purpose; blending commercial credit guarantees with CCC direct credits to lower interest costs; providing credit or credit guarantees for not more than 3 years to finance export sales; and exchanging or bartering CCC-owned commodities for materials, goods, equipment, or services of equal value (valued at world market prices), except this does not remove any requirements that apply to the imported items under section 55314(b).