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INVESTIGATION OF GRAIN STORAGE OPERATIONS

OF THE COMMODITY CREDIT CORPORATION

WHIVE.

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AUG 1960

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BEFORE THE

HEARINGS
SPECIAL INVESTIGATING SUBCOMMIT ON

COMMITTEE ON
AGRICULTURE AND FORESTRY

UNITED STATES SENATE

OF THE

EIGHTY-SIXTH CONGRESS

SECOND SESSION

PURSUANT TO

A RESOLUTION OF THE FULL COMMITTEE AUTHORIZING
AN INVESTIGATION OF THE POLICIES, ACTIVITIES, OPER-
ATIONS, AND MANAGEMENT OF THE COMMODITY CREDIT
CORPORATION AND OTHER ACTIVITIES OF THE

DEPARTMENT OF AGRICULTURE

JANUARY 12, 14, MARCH 11, 23, APRIL 28,

MAY 12, 17, AND 26, 1960

Printed for the use of the Committee on Agriculture and Forestry

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

JANUARY 12, 14, MARCH 11, 23, APRIL 28,

MAY 12, 17, AND 26, 1960

Printed for the use of the Committee on Agriculture and Forestry

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COMMITTEE ON AGRICULTURE AND FORESTRY

ALLEN J. ELLENDER, Louisiana, Chairman OLIN D. JOHNSTON, South Carolina

GEORGE D. AIKEN, Vermont SPESSARD L. HOLLAND, Florida

MILTON R. YOUNG, North Dakota JAMES 0. EASTLAND, Mississippi

BOURKE B. HICKENLOOPER, Iowa HUBERT H. HUMPHREY, Minnesota

KARL E. MUNDT, South Dakota STUART SYMINGTON, Missouri

ANDREW F. SCHOEPPEL, Kansas HERMAN E. TALMADGE, Georgia

JOHN SHERMAN COOPER, Kentucky WILLIAM PROXMIRE, Wisconsin B. EVERETT JORDAN, North Carolina STEPHEN M. YOUNG, Ohio PHILIP A. HART, Michigan

COTYS M. MOUSER, Chief Clerk

SPECIAL AGRICULTURE INVESTIGATING SUBCOMMITTEE

STUART SYMINGTON, Missouri, Chairman HUBERT H. HUMPHREY, Minnesota

MILTON R. YOUNG, North Dakota HERMAN E. TALMADGE, Georgia

JOHN SHERMAN COOPER, Kentucky WILLIAM PROXMIRE, Wisconsin

ALLEN J. ELLENDER, Louisiana

(Ex oficio)
RICHARD M. SCHMIDT, Jr., Special Counsel

IT

CONTENTS

Testimony of—

Betts, Ernest C., Jr., Director of Personnel, U.S. Department of Pago

Agriculture

148

Ballou, Roland F., Assistant Deputy Administrator, Operations,

Commodity Stabilization Service, U.Š. Department of Agriculture - 280

Brooks, William F., attorney and Washington representative, National

Grain Trade Council...

340

Charam, Philip, Assistant Director, Civil Accounting and Auditing

Division, General Accounting Office.--

243

Cole, James A., Minneapolis, Minn., regional director, Commodity

Stabilization Service..

262

Corey, Earl C., Portland, Oreg-

97
Dudden, Garrett, Dudden Elevators, Inc., Venango, Nebr..

37
Goold, W. George, Assistant Director of Personnel in Charge of
Security and Investigations, U.S. Department of Agriculture - 96,

139, 148, 262

Gregg, Joseph B., Kansas City, Mo., partner in Morrison-Gregg-

Mitchell Grain Co.--

184

Hanson, Robert, Deputy Director, Grain Division, Commodity Sta-
bilization Service, U.Š. Department of Agriculture.

60

Hendrickson, Roy F., executive secretary, National Federation of

Grain Cooperatives.

193

Hunter, Howard M., Venango, Nebr., accountant.

37

Laybourn, L. A., Salina, Kans., on behalf of the Grain & Feed

Dealers National Association..

304

Oliver, Alvin E., executive vice president, Grain & Feed Dealers

National Association.-

304

Olson, Howard D., Lincoln, Nebr., accountant-

45
Palmby, Clarence D., Acting Administrator, Commodity Stabilization
Service, U.S. Department of Agriculture-

280

Pickard, Howard, attorney, Office of the General Counsel, U.S. De-

partment of Agriculture -

57, 148, 262

Phillips, Dr. Richard, Ames, Iowa, professor of agricultural economics
at Iowa State University

2
Pollock, Raymond J., Director, Grain Division, Commodity Stabiliza-
tion Service, U.S. Department of Agriculture --

57

Puelz, Robert A., Lincoln, Nebr., manager, Equity Union Grain Co- 45

Roberts, Ralph S., Administrative Assistant Secretary of Agriculture,

U.S. Department of Agriculture...

148

Summa, Ivan, Archer, Iowa, manager of Farmers Cooperative Grain

Co..

22

Theis, Frank A., Kansas City, Mo., president, Terminal Elevator

Grain Merchants Association.--

348

Thompson, L. F., attorney, General Counsel's Office, General Ac-

counting Office

243

Wilker, G. J., supervisory accountant, General Accounting Office... 243
Exhibits and other documents
Resolution creating subcommittee-

1
Biographical data concerning Dr. Richard Phillips, Iowa State Univer-
sity, Ames, Iowa.-

3
Schedule of value of CCC commodities pledged for outstanding loans

and commodities in inventory for fiscal years 1951 through 1959.--
Schedule of costs incurred by CCC for storage, handling, transporta-

tion, and interest expense applicable to price support inventory and
loan operations, fiscal years 1952 through estimated 1961 --
CCC storage and handling costs for all commodities and for grains
during fiscal years 1952 through estimated 1960..

5

4

4

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