New or Renovated Warehouse Space Provided Under Extended Storage Agreements

RCED-84-49: Published: Oct 14, 1983. Publicly Released: Oct 14, 1983.

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In response to a congressional request, GAO obtained information on the Commodity Credit Corporation's (CCC) extended storage program, which is designed to provide long-term storage space for CCC commodities at reasonable rates.

GAO reviewed 40 of 252 warehouses that had agreed to provide such space. The additional storage space which had been contracted for had been provided by 39 of the 40 warehouses. Of these, 14 were selected for visitation and verification that the new or renovated space was built. GAO verified that the warehouses had complied with their agreements and stated that these findings were representative of those warehouses throughout the country that had agreed to construct new space or renovate existing space.

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