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 8
... bushel . Mr. SCHMIDT . During what period of time ? Dr. PHILLIPS . This was an annual cost , taken during the period 1952 and 1953 . Mr. SCHMIDT . How does that relate to the income per bushel that they receive ? Ďr . PHILLIPS . Well ...
... bushel . Mr. SCHMIDT . During what period of time ? Dr. PHILLIPS . This was an annual cost , taken during the period 1952 and 1953 . Mr. SCHMIDT . How does that relate to the income per bushel that they receive ? Ďr . PHILLIPS . Well ...
Page 9
... bushel ? Dr. PHILLIPS . Yes ; the shrinkage on a dollar basis , and in our study as reported , using $ 1.44 corn , this amounts to 0.81 cents per bushel ; using $ 1.12 corn , this would amount to 0.638 cent per bushel ; making total ...
... bushel ? Dr. PHILLIPS . Yes ; the shrinkage on a dollar basis , and in our study as reported , using $ 1.44 corn , this amounts to 0.81 cents per bushel ; using $ 1.12 corn , this would amount to 0.638 cent per bushel ; making total ...
Page 13
... bushel per year is 9.86 cents ; is that correct ? Dr. PHILLIPS . That is correct . Mr. SCHMIDT . He receives under the Uniform Grain Storage Agree- ment , 16.87 cents per bushel ? Dr. PHILLIPS . Correct . Mr. SCHMIDT . He has a profit ...
... bushel per year is 9.86 cents ; is that correct ? Dr. PHILLIPS . That is correct . Mr. SCHMIDT . He receives under the Uniform Grain Storage Agree- ment , 16.87 cents per bushel ? Dr. PHILLIPS . Correct . Mr. SCHMIDT . He has a profit ...
Page 21
... bushel : Total storage and handling income . _cents .. 16.87 18.98 Storage cost ( without shrinkage and quality ... bushel . ..cents .. 1.09 1.09 Net profit per bushel . do .... 5.92 7.12 Net profit / total cost .. -percent .. 54.1 60.0 ...
... bushel : Total storage and handling income . _cents .. 16.87 18.98 Storage cost ( without shrinkage and quality ... bushel . ..cents .. 1.09 1.09 Net profit per bushel . do .... 5.92 7.12 Net profit / total cost .. -percent .. 54.1 60.0 ...
Page 23
... bushel , using your own labor , is that right ? Mr. SUMMA . Yes ; that does not include the ground that it is on or any fill or any work like that . It is on leased ground from the railroad . Mr. SCHMIDT . And you have 50,000 - bushel ...
... bushel , using your own labor , is that right ? Mr. SUMMA . Yes ; that does not include the ground that it is on or any fill or any work like that . It is on leased ground from the railroad . Mr. SCHMIDT . And you have 50,000 - bushel ...
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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