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 2
... ment . The contract is negotiated with the warehouse industry by the Department of Agriculture . In addition to the Uniform Grain Storage Agreement , the CCC stores grain in its own bins ; also in other governmental facilities ...
... ment . The contract is negotiated with the warehouse industry by the Department of Agriculture . In addition to the Uniform Grain Storage Agreement , the CCC stores grain in its own bins ; also in other governmental facilities ...
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... ment , 16.87 cents per bushel ? Dr. PHILLIPS . Correct . Mr. 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 ...
... ment , 16.87 cents per bushel ? Dr. PHILLIPS . Correct . Mr. 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 ...
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... ment . I think that Jones is by far better than average management . Senator SYMINGTON . And after all charges , following Senator Young's suggestion , this is quite logical and proper ; these people were making , say , roughly 63 ...
... ment . I think that Jones is by far better than average management . Senator SYMINGTON . And after all charges , following Senator Young's suggestion , this is quite logical and proper ; these people were making , say , roughly 63 ...
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... ment- Senator SYMINGTON . What is your total cost ? Mr. SUMMA . We find that our shrinkage and quality was about 1 cent a bushel and that will be very comparable . And I think we come up with 11.2 cents . Was not that approximately ...
... ment- Senator SYMINGTON . What is your total cost ? Mr. SUMMA . We find that our shrinkage and quality was about 1 cent a bushel and that will be very comparable . And I think we come up with 11.2 cents . Was not that approximately ...
Page 32
... ment equipment say they are not allowed to make more than 5. Air- plane manufacturers say they are making around 3. Based on our figures and including all costs , you are making 60 percent profit on costs . Now , it is the degree of the ...
... ment equipment say they are not allowed to make more than 5. Air- plane manufacturers say they are making around 3. Based on our figures and including all costs , you are making 60 percent profit on costs . Now , it is the degree of the ...
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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