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OSP-76-16 1 (1976-03-26)

handle is hein.gao/gaobaabmu0001 and id is 1 raw text is: 





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REPORT OF THE

COMPTROLLER GENERAL

OF THE UNITED STATES


LM099406


Grain


Reserves:


A Potential


U.S. Food Policy Tool



GAO, in considering grain reserves as part of
U.S. food policy, concludes that:

    --We cannot be certain that adverse
    weather -shocks, similar to those in
    1972 and 1974, will not occur in the
    future. Such shocks would tax existing
    food supplies and the United States
    would be faced with making decisions
    on domestic price increases and alloca-
    tions of food abroad.

    --Rather than face these future decisions
    as crisis decisions, a grain reserve that is
    built during years of plenty and made
    available during lean years could act as
    a buffer against unpredictable shocks to
    the food system.

    --Because a food reserve would be a
    physical source of food, it deserves seri-
    ous attention by the Congress as part of
    a package to meet U.S. food policy
    objectives.


OSP-76-16


                   MARCH 26,1976


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