Files
Abstract
Excerpts: The Commodity Credit Corporation through its price-support program, acquires stocks of various farm products. These stocks in the aggregate are referred to as the “price-support inventory." The price-support inventory has been very large in recent years, having, on January 31, 1956, a cost value of $5,920,000,000. A large inventory creates several problems. For example, it has a depressing effect on market prices. It increases possibility of waste through deterioration or spoilage. It runs up heavy storage charges. Consequently, CCC must continuously seek useful outlets through which it can dispose of its holdings. Commodities from the price-support inventory are disposed of in various ways. Some are sold in the United States. Some are sold in export channels—both for dollars and foreign currencies. Some are transferred to other Government agencies for such uses as feed supplies for drought areas, food for the American armed forces, and foreign relief feeding. Some are bartered for materials produced abroad. Substantial quantities of perishable commodities have been donated to school lunch programs and, through approved welfare organizations, to needy people in the United States and abroad.