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094557 1 (1973-03-08)

handle is hein.gao/gaobadxnn0001 and id is 1 raw text is: 





          United States General Accounting Office
                  Washington, D.C. 20548


                                  For Release on Delivery
                                  Expected at 10:00 A.M. EST
                                  March 8, 1973


                       STATEMENT OF
                       ELMER B. STAATS
         COMPTROLLER GENERAL OF THE UNITED STATES
                        BEFORE THE
       SENATE COMMITTEE ON AGRICULTURE AND FORESTRY
                            ON
                THE RUSSIAN WHEAT SALES AND
    AGRICULTURE'S ROLE IN EXPANDING U.S. WHEAT EXPORTS


Mr. Chairman and Members of the Committee:

     I appreciate your invitation to present the findings

from our examination. Massive sales of U.S. wheat to

Russia last summer, at what turned out to be bargain prices,

focused national attention on a number of complex and con-

troversial issues and led to requests by this Committee and

several Members of Congress for the General Accounting

Office's examination.

     We sent to interested Members of the Congress an

interim staff report on November 3, 1972, covering certain

aspects of the wheat sales to Russia. Last week we sent to

Agriculture a draft report on its management of the wheat





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