Accession Number:

ADA106532

Title:

Lessons to Be Learned from Offsetting the Impact of the Soviet Grain Sales Suspension.

Descriptive Note:

Corporate Author:

GENERAL ACCOUNTING OFFICE WASHINGTON DC COMMUNITY AND ECONOMIC DEVELOPMENT DIV

Personal Author(s):

Report Date:

1981-07-27

Pagination or Media Count:

73.0

Abstract:

This report discusses the Department of Agricultures actions to offset the impact of the Soviet grain sales suspension. It identifies certain areas in which the Departments offsetting actions increased Federal costs and losses. It also recommends that the Secretary develop a contingency plan to more efficiently offset the effects of any future suspension. We investigated the 1 effectiveness of the Federal Governments monitoring program, 2 circumstances surrounding the Department of Agricultures Commodity Credit Corporations assumption and retender of U.S. grain exporters contracts with the Soviet Union, and 3 propriety of the Corporations open-market purchases of wheat and corn. On March 3, 1981, we issued a classified report C-CED-81-1 dealing with the effectiveness of the Federal monitoring program and the suspensions impact on the Soviet Union. An unclassified summary of that report is included as chapters 5 and 6 of this report.

Subject Categories:

  • Economics and Cost Analysis
  • Government and Political Science

Distribution Statement:

APPROVED FOR PUBLIC RELEASE