Storage Cost Data on CCC-Owned Dairy Commodities.
GENERAL ACCOUNTING OFFICE WASHINGTON DC COMMUNITY AND ECONOMIC DEVELOPMENT DIV
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As of June 30, 1981, the Corporations dairy inventories consisted of about 518 million pounds of butter, about 486 million pounds of cheese, and about 871 million pounds of nonfat dry milk. Nearly three-fourths of the dairy products in storage are less than 1 year old. The Governments cost to store dairy products has risen sharply, totaling over 24 million for the first 9 months of fiscal year 1981. By comparison, storage costs for fiscal years 1977-80, when inventories were at lower levels, averaged about 11 million annually. Relatively small quantities of these products are lost due to spoilage while in storage. However, some loss in quality or product deterioration can occur, and when it does, the products are sold at less than inventory value. Only the nonfat dry milk is sold on a restricted basis not to be used for human consumption. Author
- Economics and Cost Analysis
- Food, Food Service and Nutrition