Storage Cost Data on CCC-Owned Dairy Commodities.
Abstract
As of June 30, 1981, the Corporation's 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 Government's 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)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 18, 1981
- Accession Number
- ADA106892
Entities
Organizations
- United States Government Accountability Office