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NOTICE TO PARTICIPANTS Notice Number DEIP-FY99-1 SUBJECT: CCC Announces Change in DEIP Amendment Policy

WASHINGTON, April 16, 1999–Christopher E. Goldthwait, general sales manager for the U.S. Department of Agriculture’s Foreign Agricultural Service and vice president of the Commodity Credit Corporation, today announced that CCC is making a modification in its policy concerning amendments to Dairy Export Incentive Program (DEIP) agreements.

On Jan. 28, 1998, three changes were announced to provide more flexibility to exporters in working out unforeseen problems in fulfilling exports pursuant to DEIP agreements. These changes are still in effect. Today, Goldthwait said he is making an additional change that will improve the efficiency and effectiveness of the program.

According to Goldthwait, one of the changes made on Jan. 28, 1998, permitted exporters to amend DEIP agreements to change the buyer, with no CCC review of the bonus as long as other significant terms of the agreement remained unchanged. Also, CCC currently allows exporters to change destination countries within a regional allocation subject to price and bonus review provided that separate country quantity limitations do not exist. Goldthwait said this change is being expanded to now allow exporters to change the country of destination within a regional allocation even if that country has an individual quantity limitation, provided that the limitation has not been exhausted. Any changes in destination will be subject to a bonus review to determine if the bonus should be reduced as a result of the destination change.

Goldthwait further stated that exporters should be aware that any approved changes in destinations will be announced by public press release showing the new balances available for the countries. CCC expects that this change will help U.S. DEIP exporters to be more competitive in the world market and will allow them more flexibility in meeting their obligations to CCC under their DEIP agreements. For further information, call (202) 720-5540.

FAS news releases are available on the Internet at and by fax polling. Callers should set their fax machines for polling and dial (202) 720-7115.

In the event of any discrepancy between the FAS Online home page version of this release and the standard FAS release (available in hard copy and by facsimile from FAS), the standard release shall prevail as establishing terms and conditions of any CCC payment guarantees issued pursuant to this release.

#PR 0134-99

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