2019 - 2020 Grain Policy
Price Later: 13 cents per bushel for 60 days, 4.00 cents per bushel per month
- After one (1) year, contracts will be allowed to be rolled.
Free Price Later: is not available until announced. If offered, PL contract must be priced or rolled over, on or before October 16, 2020. Price Later contracts cannot be transferred or placed into grain bank or storage. Grain in a free price later contract cannot be forward contracted for future months.
Rollover Price Later: 13 cents per bushel for 60 days minimum, 4.00 cents per bushel per month thereafter.
Storage: minimum charge of 13 cents for the first 60 days, 4.25 cents per bushel per month thereafter. All corn on storage over 365 days will be charged a 13 cent minimum for the first 90 days and 4.25 cents per month thereafter. Including insurance and conditioning.
Grain Bank storage costs: First 30 days free, 4.25 cents per bushel per month thereafter. Storage will be billed on dry bushels.
Corn Moisture: Moisture will be averaged
Price Later - 15%
Storage - 14%
Selling - 15%
Grain Bank - 15%
3.75 cents per point
Drying charged on wet bushels
Subject to change based on fuel prices.
Corn Shrink: 1.5% shrink per point of moisture removed
Damage Discount: 5 - 10% is 2 cents per point; Over 10% is 3 cents per point
FM Discount: Over 3% is 3 cents per point
Musty: 10 cents per bushel
Sour: 10 cents per bushel
Weevily: 10 cents per bushel
Musty, sour, weevily and sample-grade loads will stand on their own.
Distinctly low-quality corn or sample grade corn will be subject to rejection.
Test Weight: Under 54 - 52 is 2 cents per pound; 51.9 - 50 is 3 cents per pound
Aflatoxin: 2 cents per point under 20 PPB. Anything over 20 PPB will NOT be accepted.
All corn delivered will be applied to any purchase contracts with the balance being applied to storage after ten (10) days unless otherwise notified.