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Appendix to table of "Realized cost of agricultural and related programs, by function or purpose, fiscal years 1932-53"-Summary of realized cost of agricultural programs primarily for stabilization of prices and farm groups

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Appendix to table of "Realized cost of agricultural and related programs, by function or purpose, fiscal years 1932-53"—Summary of realized cost of agricultural programs primarily for stabilization of prices and farm income, showing distribution of cost by commodity groups 1-Continued

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[Millions of dollars]

Price support programs

Supply, foreign purchase, commodity export, and other CCC activities

Administrative and other general costs

Total

International Wheat Agreement

modities Removal of surplus agricultural com

Sugar Act

Other:

Program expense.

1,452.0

109.4

20.0

129.4

506.9

1.9

658.8

76.6

78.2

Miscellaneous receipts.

18. 4

Processing taxes (net).

6.2

65.4
6.2

13.0

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1.9

$2.7

299. 6 1,089.9 558. 1

1, 567.66 296. 1

157.82, 354. 8

47.0 1,016.6

1.4

571.1

76.6

381.3 15.7

basis.
The distribution by commodities is necessarily estimated in most instances since
accounting records were not required to be maintained on an individual commodity
2 Exclusive of cash payments for school-lunch programs.

on the commodities shown.
The amounts indicated hereunder are principally for salaries and expenses for
fiscal years 1947 to 1953 in connection with acreage allotments and marketing quotas
Prior to 1947, such work was handled as a part of the
agricultural conservation program, and administrative expenses for this work were
not maintained separately from administrative expenses of the agricultural conservation
1946 and prior years are not included in this statement.
program. Accordingly, amounts for acreage allotments and marketing quotas for

4 Program conducted under the Jones-Connally Act.

$ Represents principally losses incurred on loans made from the revolving fund by the Federal Farm Board to stabilize the prices of wheat an cotton. A large portion tion operations. of such losses resulted from donations authorized by Congress to the American Red Cross, without reimbursement to the fund, of wheat and cotton acquired in stabiliza

export differential on cotton owned or pooled by CCC. 7 Represents cost of commodity-export program on cotton and wheat exclusive of

$ Includes $163.2 million for cotton price adjustment.

Includes $163.2 million cost applicable to the cotton price adjustment programs
and $30.5 million in incentive payments under the 1943 ACP program. An item of
$12.1 million of program cost, which cannot be allocated to individual commodities,
is included in "Other costs not allocable to specific commodities" below.

debt paid by Treasury in that year.
10 Interest computed for each year on the basis of the average rate on the public

tributable by specific commodities.
11 Consists of administrative expenses and other general costs or income not dis-

12 Includes charged-off accounts and notes receivable of $1.8 million and the net
broad commodity groupings as follows:
realized gain on the supply and foreign-purchase programs which are identifiable by

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6 50.3

These programs were separate from the major actvity of the Corporation and were
undertaken as a means of supplying the requirements of Government agencies, for-
eign governments, and relief and rehabilitation agencies, and to meet domestic re-
quirements. The gain of $185.8 million under general commodities purchase resulted
from the establishment of sales prices at a level which would prevent losses to the
Corporation on the supplying of commodities and products thereof to meet the re-
governments, relief agencies, etc., during World War II.
quirements of the United States armed services, lend-lease participants, foreign

13 No administrative or other general costs are included for these acreage allotment
payments. The program was conducted as a part of the agricultural conservation
for conservation practices.
program and records of administrative and other nonpayment costs were not main-
tained separately for acreage allotment payments as distinguished from payments

14 Represents activities to assure production of crops in short supply and assist-
duction required by the Korean mobilization.
ance to farmers in obtaining equipment and materials necessary to achieve the pro-

15 Represents receipts from liquidation of the Federal Surplus Commodities Cor

poration.

NOTE.-Details may not add to totals shown due to rounding.

February 1954.

2573

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The CHAIRMAN. The Chair recognizes Mr. Andresen.

Mr. ANDRESEN. I do not know anything about the Christmas packages, but I notice this: That under funds provided by Congress we made available to England $25 million for tobacco. Do you know anything about that?

Secretary BENSON. I could not vouch for that offhand, Mr. Andresen. We have the figures here, however.

Mr. ANDRESEN, I would like to have those.

Secretary BENSON. $20 million worth of tobacco is going to the United Kingdom, apparently.

Mr. ANDRESEN. What is that date?

Secretary BENSON. This is under section 550 of the Mutual Security Act. This was as of February 19, 1954.

Mr. ANDRESEN. Has tobacco been provided for any other country out of this Santa Claus fund?

Secretary BENSON. Yes, there was. A quantity went to Italy and some to France and some to Belgium and Indochina, and Germany. Mr. ANDRESEN. Will you give me the total amount?

Secretary BENSON. We will be glad to make it a part of the record if you would like us to. There was also a small quantity to Finland. Mr. ANDRESEN. Will you put the entire statement from which you are reading into the record and show the entire disposition of the various commodities under Mr. Stassen?

Secretary BENSON. You do not want it limited to tobacco: You mean all the commodities?

Mr. ANDRESEN. Yes.

Secretary BENSON. We will be glad to do that. (The data requested is as follows:)

Status of commodity developments under sec. 550 of the Mutual Security Act (as of Feb. 19, 1954): Approved transactions

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NOTE.-Other: Negotiations are underway which are expected to result in substantial additional sales under sec. 550. Transactions under active consideration involve tobacco, cotton, wheat, barley, corn, peanuts, cottonseed oil, tallow, and certain fruit products.

Source: U. S. Department of Agriculture, Mar. 16, 1954.

Mr. ANDRESEN. I understand there are hungry people over in Italy who got some of this tobacco. Do you regard tobacco as vital as good nutritious wheat?

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