Investigation of Grain Storage Operations of the Commodity Credit Corporation: Hearings Before the Special Investigating Subcommittee of the Committee on Agriculture and Forestry, United States Senate, Eighty-sixth Congress, Second Session, Pursuant to a Resolution of the Full Committee Authorizing an Investigation of the Policies, Activities, Operations, and Management of the Commodity Credit Corporation and Other Activities of the Department of Agriculture |
From inside the book
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Page 1
... some 11,000 warehousemen are being paid this money to store approximately 3 billion bushels . These ware- housemen store this grain under the Uniform Grain Storage Agree- ment . The contract is negotiated with the warehouse industry 1.
... some 11,000 warehousemen are being paid this money to store approximately 3 billion bushels . These ware- housemen store this grain under the Uniform Grain Storage Agree- ment . The contract is negotiated with the warehouse industry 1.
Page 2
... ment . The contract is negotiated with the warehouse industry by the Department of Agriculture . In addition to the Uniform Grain Storage Agreement , the CCC stores grain in its own bins ; also in other governmental facilities ...
... ment . The contract is negotiated with the warehouse industry by the Department of Agriculture . In addition to the Uniform Grain Storage Agreement , the CCC stores grain in its own bins ; also in other governmental facilities ...
Page 13
... ment , 16.87 cents per bushel ? Dr. PHILLIPS . Correct . Mr. SCHMIDT . He has a profit - to - cost ratio of 71 percent ? Dr. PHILLIPS . That is correct . Mr. SCHMIDT . On his grain storage . Senator YOUNG of North Dakota . Mr. Chairman ...
... ment , 16.87 cents per bushel ? Dr. PHILLIPS . Correct . Mr. SCHMIDT . He has a profit - to - cost ratio of 71 percent ? Dr. PHILLIPS . That is correct . Mr. SCHMIDT . On his grain storage . Senator YOUNG of North Dakota . Mr. Chairman ...
Page 16
... ment . I think that Jones is by far better than average management . Senator SYMINGTON . And after all charges , following Senator Young's suggestion , this is quite logical and proper ; these people were making , say , roughly 63 ...
... ment . I think that Jones is by far better than average management . Senator SYMINGTON . And after all charges , following Senator Young's suggestion , this is quite logical and proper ; these people were making , say , roughly 63 ...
Page 29
... ment- Senator SYMINGTON . What is your total cost ? Mr. SUMMA . We find that our shrinkage and quality was about 1 cent a bushel and that will be very comparable . And I think we come up with 11.2 cents . Was not that approximately ...
... ment- Senator SYMINGTON . What is your total cost ? Mr. SUMMA . We find that our shrinkage and quality was about 1 cent a bushel and that will be very comparable . And I think we come up with 11.2 cents . Was not that approximately ...
Common terms and phrases
abnormal profit Administrator agency amortization amount average basis bins capacity Cargill cents a bushel cents per bushel Chairman CHARAM charges COLE commercial committee Commodity Credit Corporation Commodity Stabilization Service Congress contract COREY corn correct Counsel country elevators December 31 Department of Agriculture Director DUDDEN employees estimated farm farmers figures fiscal going GOOLD Government grain Grain Storage Agreement GREGG HANSON HENDRICKSON income industry interest investigation investment Iowa Kansas City LAYBOURN loan ment million bushels Minneapolis negotiations North Dakota operation PALMBY percent PHILLIPS POLLOCK Portland PUELZ question record regulations ROBERTS SCHMIDT Senator COOPER Senator ELLENDER Senator HUMPHREY Senator MUNDT Senator PROXMIRE Senator SYMINGTON Senator YOUNG shrinkage soybeans statement storage cost storage facilities storage rates storing grain subcommittee SUMMA taxes terminal Three State Warehouse tion U.S. Senate UGSA Uniform Grain Storage warehouseman wheat YOUNG of North
Popular passages
Page 428 - Uphold the Constitution, laws, and legal regulations of the United States and of all governments therein and never be a party to their evasion.
Page 428 - Never discriminate unfairly by the dispensing of special favors or privileges to anyone, whether for remuneration or not; and never accept, for himself or his family, favors or benefits under circumstances which might be construed by reasonable persons as influencing the performance of his governmental duties.
Page 147 - Make no private promises of any kind binding upon the duties of office, since a Government employee has no private word which can be binding on public duty. 7. Engage in no business with the Government, either directly or indirectly, which is inconsistent with the conscientious performance of his governmental duties.
Page 415 - ... directly or indirectly interested in the pecuniary profits or contracts of such corporation, joint stock company, association, or firm, shall be employed or shall act as an officer or agent of the United States for the transaction of business with such corporation, joint stock company, association, or firm.
Page 446 - In the Corporation's purchasing and selling operations with respect to agricultural commodities (except sales to other Government agencies), and in the warehousing, transporting, processing, or handling of agricultural commodities, the Corporation shall, to the maximum extent practicable consistent with the fulfillment of the Corporation's purposes and the effective and efficient conduct of its business, utilize the usual and customary channels, facilities, and arrangements of trade and commerce.
Page 407 - It shall not be lawful for any person appointed after the first day of June, one thousand eight hundred and seventy-two, as an officer, clerk, or employee in any of the departments, to act as counsel, attorney, or agent for prosecuting any claim against the United States which was pending in either of said departments while he was, such officer, clerk, or employee...
Page 150 - No employee of the Department shall participate directly or indirectly in any transaction concerning the purchase or sale of corporate stocks or bonds, commodities, or other property for speculative purposes if such action might tend to interfere with the proper and impartial performance of his duties or bring discredit upon the Department.
Page 416 - ... in relation to any proceeding, contract, claim, controversy, charge, accusation, arrest, or other matter or thing in which the United States is a party or directly or indirectly interested, before any department, court-martial, bureau, officer, or any civil, military, or naval commission whatever...
Page 424 - States or who is a member of an organization of Government employees that asserts the right to strike against the Government of the United States, or who advocates, or is a member of an organization that advocates, the overthrow of the Government of the United States by force or violence...
Page 149 - ... or in contracts relating thereto, or in the stock or membership Interests of any association or corporation engaged in handling, processing, or disposing of any such commodity or product...