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B-176943 1 (1974-03-28)

handle is hein.gao/gaobabkoj0001 and id is 1 raw text is: N o- ob re, ens ed ou -od ~ e n COMPTROLLI'R GEN':RALr..TI, UNITEDSTATES B-176943. RELEASED og'(v4yr 2 -~~ MAR 2 8 1974 The Honorable Henry M. Jackson, Chairman Permanent Subcommittee on Investigations Committee on Government Operations United States Senate Dear Mr. Chairman: On January 3, 1974, you requested that we ascertain and make availabl# to you certain facts concerning wJat ubsiy prelint*ary poay .s1/discussed in the Washington Post on December 6, 1973. The article stated that wheat farmers reaped a legal windfall of nearly a half a billion dollars in Government subsidies last summer because the circumstances the Department of Agriculture assumed in making the payments did not materialize. According to the article, the law provided that no refund could be requested from the wheat producers. We discussed these matters with Department officials and reviewed applicable legislation, information on the Kansas City wheat futures market, and pertinent Department records. The results of our review, which were provided to your office on January 18, 1974, are summarized herein. We found that the payments, amounting to about $375 million, were made in accordance with the law and that there were no means by which the Government could require repayment. AUTHORITY FOR WHEAT MARKETING CERTIFICATES AND ADVANCE PAYMENTS The wheat marketing certificate program was authorized by section 379b of the Agricultural Adjustment Act of 1938, as amended (7 U.S.C. 1379b), which stated: The Secretary shall provide for the issuance of wheat marketing certificates for the purpose of enabling producers on any farm for which certificates are issued to receive, in addition to the other proceeds from the, sale of wheat, an amount equal to the face value of such certificates. I4

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