Department of Agriculture's Acquisition and Distribution of Commodities for Its 1983 Payment-in-Kind Program
RCED-84-137
Published: Sep 25, 1984. Publicly Released: Nov 27, 1984.
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Highlights
Pursuant to a congressional request, GAO reviewed the Department of Agriculture's (USDA) Payment-in-Kind (PIK) program, which compensates farmers who withhold production of any of five types of commodities with certain amounts of the crops they would otherwise have harvested.
Recommendations
Recommendations for Executive Action
| Agency Affected | Recommendation | Status |
|---|---|---|
| Department of Agriculture | Because comparing bids on a unit cost basis will allow USDA to acquire commodities at the lowest cost, the Secretary of Agriculture should use the unit cost approach in future acquisitions of commodities held as loan collateral. |
Closed – Implemented
USDA agreed to use the unit cost approach when purchasing commodities held as loan collateral. However, no purchases have occurred to date.
|
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Topics
Agricultural productionAgricultural programsFarm creditFederal corporationsGrain and grain productsAgricultural commoditiesUnit costCommoditiesWarehouse facilitiesData errors