Late last week, many farmers ventured out to their rain-soaked fields to check the condition of their crops. Many found ruined soybean plants and sprouting corn. Others couldn't tell, because their crops were covered in snow.
2017 HARVEST POLICIES DRYING CHARGES 3.50CENTS PER POINT OF MOISTURE TO 14% FOR STORED CORN 3.50CENTS PER POINT OF MOISTURE TO 15% FOR CORN SOLD Shrink factor - 1.45% per point of moisture removed
STORAGE RATES Corn - 15 cents per bu. for 120 days Beans - 16 cents per bu. for 120 days .0833 cents per bu. per day thereafter
DISCOUNTS Beans - 13.1% - 13.5% = 1.5% of contract price 13.6% - 14.0% = 3.0% of contract price 14.1% - 14.5% = 4.5% of contract price Beans - all loads testing 13.5% and below are one lot and 13.6% & up are one lot Corn - all loads testing 15.9% and below are one lot. Loads testing 16.0% and above are one lot. IF GRAIN IS NOT SOLD IN 14 DAYS, IT WILL BE CONSIDERED STORED.