USDA Announces Export Promotion Allocations for Fiscal Year 2013
July 19, 2013
The U.S. Department of Agriculture’s (USDA) Foreign Agricultural Service (FAS) awarded fiscal year 2013 funding to more than 70 U.S. agricultural organizations, including Cotton Council International (CCI), to help expand commercial export markets for their goods. FAS will provide $172.7 million in Market Access Program (MAP) funding and $25.4 million in Foreign Market Development Program (FMD) funding.
CCI received $17.4 million in MAP funding, the highest of the allocations made to cooperator groups. CCI’s FMD allocation of $3.5 million was the third highest amount allocated. CCI’s combined allocation of MAP and FMD of $20.96 million was the highest combined total allocation of all cooperator groups.
CCI, a non-profit trade organization headquartered in Washington, D.C., is subject to matching industry contributions for its MAP and FMD funding. Consistent with this public-private partnership, the promotion programs are closely monitored by USDA for compliance with U.S. laws and regulations. The cotton industry believes CCI’s programs are so effective that they are a catalyst for private sector contributions. The cotton industry contributes $2.02 for every dollar of MAP funds and $1.31 for every dollar of FMD funds.
Independent studies reveal that for every dollar spent by USDA cooperators, including CCI, U.S. exports increase $35, a 35-to-1 return on investment. For the cotton industry this represents over a billion dollars in exports value or an additional 7,000 jobs to the U.S. economy. The U.S. cotton industry represents over $27 billion to the U.S. economy and employs over 190,000 people.