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Records pertain to the Middle East Peace Process.
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FO004-02 Case Number 237118 Scanned
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285343040
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FO004-02 Case Number 237118 Scanned
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Records pertain to the Middle East Peace Process.
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Records of the White House Office of Records Management (George H.W. Bush Administration)
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ID# 237118
THE WHITE HOUSE
CORRESPONDENCE TRACKING WORKSHEET
F0004-02
INCOMING
DATE RECEIVED: MAY 10, 1991
NAME OF CORRESPONDENT: MS. JUDY OLSON
SUBJECT: URGES THE PRESIDENT TO SUPPORT AMERICAN
FARMERS BY EXTENDING ADDITIONAL EXPORT
CREDIT GUARANTEES TO THE SOVIET UNION
ACTION
DISPOSITION
ROUTE TO:
ACT
DATE
TYPE C COMPLETED
OFFICE/AGENCY
(STAFF NAME)
CODE YY/MM/DD RESP D YY/MM/DD
HOLLY WILLIAMSON
ORG 91/05/10
Mg
A91/05/30
105/30
TC
REFERRAL NOTE:
/ /
/ /
REFERRAL NOTE:
/ /
/ /
REFERRAL NOTE:
/ /
/ /
REFERRAL NOTE:
/ /
/ /
REFERRAL NOTE:
COMMENTS:
ADDITIONAL CORRESPONDENTS:
MEDIA:L INDIVIDUAL CODES: 4900 4100
MI MAIL
USER CODES: (A)
(B)
(C)
*ACTION CODES:
*DISPOSITION
*OUTGOING
*
*
*
*CORRESPONDENCE:
*
*A-APPROPRIATE ACTION
*A-ANSWERED
*TYPE RESP=INITIALS
*
*C-COMMENT/RECOM
*B-NON-SPEC-REFERRAL
*
OF SIGNER
*
*D-DRAFT RESPONSE
*C-COMPLETED
*
CODE = A
*
*F-FURNISH FACT SHEET *S-SUSPENDED
*COMPLETED = DATE OF
*
*I-INFO COPY/NO ACT NEC*
*
OUTGOING
*
*R-DIRECT REPLY W/COPY *
*
*
*S-FOR-SIGNATURE
*
*
*
*X-INTERIM REPLY
*
*
*
REFER QUESTIONS AND ROUTING UPDATES TO CENTRAL REFERENCE
(ROOM 75,0EOB) EXT-2590
KEEP THIS WORKSHEET ATTACHED TO THE ORIGINAL INCOMING
LETTER AT ALL TIMES AND SEND COMPLETED RECORD TO RECORDS
MANAGEMENT.
THE WHITE HOUSE
WASHINGTON
May 29, 1991
Dear Ms. Olson:
Thank you for your letter to the President supporting the
allocation of additional Commodity Credit Corporation export
credit guarantees (GSM-102) in connection with sales of
agricultural commodities to the Soviet Union.
As you know, the $1 billion in export credit guarantees already
made available for this purpose, announced in January, has been
almost completely used. For this reason, the Soviets have
recently requested that up to an additional $1.5 billion in GSM-
102 export credit guarantees be made available during the
remainder of fiscal year 1991.
The Department of Agriculture and the Administration are
currently reviewing this request, and your views will be given
full consideration. We are grateful to have your thoughts on
this issue and have also shared your letter with the appropriate
Administration officials.
Sincerely,
Michael fochson
Michael P. Jackson
Special Assistant to the President
and Executive Secretary for Cabinet Liaison
Ms. Judy Olson
President
Washington Association of Wheat Growers
109 East First Avenue
Ritzville, Washington 99169-2394
237118
WASHINGTON ASSOCIATION OF WHEAT GROWERS
109 East First Avenue, Ritzville, Washington 99169-2394 - (509) 659-0610
April 30, 1991
HollyWillianson White House
President Geroge Bush
Washington, D.C. 20500
Dear Mr. President:
The Washington Association of Wheat Growers greatly
appreciates your decision last December to waive the
Jackson-Vanik amendment to extend credit guarantees to the
Soviet Union. The credit guarantees enabled the USSR to
purchase $1 billion worth of U.S. agricultural commodities
that would otherwise not have been exported. This trade has
been as important to U.S. farmers as to the Soviet Union.
The Soviet Union in an important market for U.S. wheat.
Since 1975, the U.S. and the Soviet Union have conducted
business under the auspices of a long-term grain agreement.
Unfortunately, it has become increasingly clear that without
U.S. credit guarantees the Soviet Union will be unable to
honor their current commitment.
Our industry is vitally dependent on exports. Since the
passage of the 1990 Farm Bill and the Omnibus Budget
Reconciliation Act of 1990, wheat producers are even more
dependent on international markets for their income.
Unfortunately, wheat exports are off by 20 percent compared
to this time last year. USDA estimates an average farm
price of $2.60-2.65/bu for this marketing year. That
indicates a drop of over $1.00 from last year.
We urge you to support American farmers by extending
additional export credit guarantees to the Soviet Union.
Sincerely,
Judy Olson
Judy Olson
President