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 19
... facilities ? Dr. PHILLIPS . Well , I think this , coupled with other incentives that have been made available to elevators to erect storage facilities for the purposes of storing Government grain , such as the accelerated depreciation ...
... facilities ? Dr. PHILLIPS . Well , I think this , coupled with other incentives that have been made available to elevators to erect storage facilities for the purposes of storing Government grain , such as the accelerated depreciation ...
Page 20
... facilities would be used for storage of Government grain rather than other purposes . Senator PROXMIRE . But the present rate has been ample to provide , apparently enough storage facilities in spite of the terrific increase , perhaps ...
... facilities would be used for storage of Government grain rather than other purposes . Senator PROXMIRE . But the present rate has been ample to provide , apparently enough storage facilities in spite of the terrific increase , perhaps ...
Page 22
... facilities ? Dr. PHILLIPS . No ; I know there has been a substantial sum , but I do not have the figure in mind , sir ; and also by the cooperative banks to farmer cooperative elevators . Mr. SCHMIDT . We will come to that . Senator ...
... facilities ? Dr. PHILLIPS . No ; I know there has been a substantial sum , but I do not have the figure in mind , sir ; and also by the cooperative banks to farmer cooperative elevators . Mr. SCHMIDT . We will come to that . Senator ...
Page 23
... facility , you have one of those of 250,000 bushels capacity ; is that right ? Mr. SUMMA . Yes , approximately ... facilities . Most of it was old , depreciated out , and we have two operating houses that are neces- sary to handle ...
... facility , you have one of those of 250,000 bushels capacity ; is that right ? Mr. SUMMA . Yes , approximately ... facilities . Most of it was old , depreciated out , and we have two operating houses that are neces- sary to handle ...
Page 27
... facilities that you built recently ; in other words you say that you are permitted to pay this off in 5 years . In addition you were paid a higher storage rate in order to be able to pay it out . Now , on facilities that were completed ...
... facilities that you built recently ; in other words you say that you are permitted to pay this off in 5 years . In addition you were paid a higher storage rate in order to be able to pay it out . Now , on facilities that were completed ...
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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