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
... fact , make a followup study of that specific question as to the cost of quality deterioration and shrinkage . But the point I think we should make here is that this figure of 7.56 cents per bushel does not include any such costs for ...
... fact , make a followup study of that specific question as to the cost of quality deterioration and shrinkage . But the point I think we should make here is that this figure of 7.56 cents per bushel does not include any such costs for ...
Page 11
... fact that he had very little volume and lots of unused capacity ; so that he had to distribute his fixed costs over very little volume in terms of bushel years of storage . Senator SYMINGTON . As I understand it , we are talking about ...
... fact that he had very little volume and lots of unused capacity ; so that he had to distribute his fixed costs over very little volume in terms of bushel years of storage . Senator SYMINGTON . As I understand it , we are talking about ...
Page 14
... fact that he has never had a loss in the 12 years of operation ? Senator SYMINGTON . It is true , then , you use slightly less than half a percent , is that correct ? Dr. PHILLIPS . Yes . Senator SYMINGTON . Four - tenths of 1 percent ...
... fact that he has never had a loss in the 12 years of operation ? Senator SYMINGTON . It is true , then , you use slightly less than half a percent , is that correct ? Dr. PHILLIPS . Yes . Senator SYMINGTON . Four - tenths of 1 percent ...
Page 17
... fact that Archer is very effectively managed and way above average for country elevators in Iowa . But perhaps the best comparison here would be between the figures quoted for the Government grain part of the business and the rest of ...
... fact that Archer is very effectively managed and way above average for country elevators in Iowa . But perhaps the best comparison here would be between the figures quoted for the Government grain part of the business and the rest of ...
Page 32
... facts as to why these very large percentages of profit are allowed in one Department , and such relatively very small ... fact that there is a much higher profit margin on Government business than a commercial business ? Mr. SUMMA . Well ...
... facts as to why these very large percentages of profit are allowed in one Department , and such relatively very small ... fact that there is a much higher profit margin on Government business than a commercial business ? Mr. SUMMA . Well ...
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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