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CED-81-110 1 (1981-07-27)

handle is hein.gao/gaobabcgc0001 and id is 1 raw text is: 

P    A


REPORT BY THE


Comptroller General


OF THE UNITED STATES


Lessons To Be Learned From

Offsetting The Impact Of The

Soviet Grain Sales Suspension



The Department of Agriculture took actions
to offset the impact on farmers of the January
1980-April 1981 Soviet grain sales suspension.
These actions were aimed at stabilizing market
prices and included purchase and resale of ex-
porters' undeliverable Soviet grain contracts
and removal of the suspended grain from the
market. Primarily because of the short time
between the decision to suspend shipments
and the suspension's announcement, the off-
setting actions were implemented inefficiently.
This inhibited price recovery and unduly in-
creased costs and Federal losses.

GAO recommends actions that Agriculture
should take in offsetting the impact of any
future suspension. The report also discusses
Federal monitoring of the suspension and the
suspension's impact on the Soviet Union.


115978


  CED-81-110
JULY 27, 1981


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