Investigation of Grain Storage Operations of the Commodity Credit Corporation: Hearings Before the Special Investigating Subcommittee of ..., 86-2 ..., January 12 ... May 26, 1960 |
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Page 6
... SCHMIDT . Dr. Phillips , your present position is with the Iowa State University in Ames , Iowa , is that correct ? Dr. PHILLIPS . That is correct . Mr. SCHMIDT . You are the author of the book , " Managing for Greater Returns in ...
... SCHMIDT . Dr. Phillips , your present position is with the Iowa State University in Ames , Iowa , is that correct ? Dr. PHILLIPS . That is correct . Mr. SCHMIDT . You are the author of the book , " Managing for Greater Returns in ...
Page 8
... SCHMIDT . What does this show , Doctor ? Dr. PHILLIPS . It shows the weighted average storage cost for the 44 elevators , including the handling , where handling was involved , was 7.56 cents per bushel . Mr. SCHMIDT . During what ...
... SCHMIDT . What does this show , Doctor ? Dr. PHILLIPS . It shows the weighted average storage cost for the 44 elevators , including the handling , where handling was involved , was 7.56 cents per bushel . Mr. SCHMIDT . During what ...
Page 9
... SCHMIDT . Then quality deterioration , what is the factor there ? Dr. PHILLIPS . Yes . We measure quality deterioration in the same way , using the market value of the corn when it came out of storage with relation to its mar- ket value ...
... SCHMIDT . Then quality deterioration , what is the factor there ? Dr. PHILLIPS . Yes . We measure quality deterioration in the same way , using the market value of the corn when it came out of storage with relation to its mar- ket value ...
Page 12
... SCHMIDT . Now , first taking the Newhall Grain Co. , will you describe to the committee what the facilities are at ... SCHMIDT . And his capacity is 100,000 bushels ? Dr. PHILLIPS . Yes , his capacity . Mr. SCHMIDT . And this is what you ...
... SCHMIDT . Now , first taking the Newhall Grain Co. , will you describe to the committee what the facilities are at ... SCHMIDT . And his capacity is 100,000 bushels ? Dr. PHILLIPS . Yes , his capacity . Mr. SCHMIDT . And this is what you ...
Page 13
... 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 , may I at this point ask : Does this include quality ...
... 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 , may I at this point ask : Does this include quality ...
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Common terms and phrases
abnormal profit administrative agency amortization average bins capacity Cargill cents a bushel cents per bushel Chairman CHARAM charges COLE commercial committee Commodity Credit Corporation Commodity Stabilization Service conflict of interest contract COREY corn correct Counsel country elevator December 31 Department of Agriculture Director DUDDEN employees estimated farm farmers figures fiscal going GOOLD Government grain Grain Storage Agreement GREGG HANSON HENDRICKSON investigation investment LAYBOURN loan McGregor ment million bushels Minneapolis negotiations North Dakota operation PALMBY percent Personnel 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 Stuart Symington subcommittee SUMMA Three State Warehouse tion U.S. Department U.S. SENATE UGSA Uniform Grain Storage warehouseman wheat YOUNG of North