2018 Storage and Drying Policies  08/29/18 2:27:29 PM

2018 STORAGE AND DRYING POLICIES FOR BURTONVIEW COOP
Dear Burtonview Coop Patrons,
           
We would like to take this opportunity to remind you of the 2018 harvest policies and procedures.  We would also like to emphasis how important it is to be careful and stay safe, especially with the expected harvest.

CORN
  • All corn grade factors, including moisture, will be load by load.
  • Farm stored grain delivered after Jan 1st 2019 will be averaged, and must be sold or placed into storage after 5 days.
  • ALL CORN NOT CONTRACTED FOR FALL DELIVERY WILL HAVE UNTIL FRIDAY BY 12:00 PM IN SEPT, OCT, AND NOV TO EITHER BE SOLD OR STORED
  • Storage Rate- minimum rate .18/bushel through 01-01-19 which is billed and due by 1-01-19. Storage is then accrued on a daily rate of $.02 ½ bu. per month
Price Later is $.17/bu. to 1/1/2019, $.02 ½ bu. per month thereafter accrued daily
  • Drying Rate-  From 14.1-15.0= $.02/ point 15.1-16.0 = $.04/point  16.1-19 = $.03/point  19.1-30.0 = $.02/point  30.1- above = $.05/point    All drying will be split on half points
  • Shrink- Wet corn will be shrunk at a rate of 1.4% per 1% removed
 Corn sold for harvest delivery or price later is shrunk and dried to 15%
Corn delivered for storage will be shrunk and dried to 14%
SOYBEANS
  • All soybean grade factors, including moisture, will be load by load.
  • Farm stored grain delivered after Jan. 1st 2019 will be averaged, and must be sold or placed into storage after 5 days.
  • ALL SOYBEANS NOT CONTRACTED FOR FALL DELIVERY WILL HAVE UNTIL FRIDAY BY 12:00 PM IN SEPT, OCT, AND NOV TO EITHER BE SOLD OR STORED.
  • Storage Rate- minimum rate .20/bushel through 01-01-19, which is billed and due by 1-01-19. Storage is then accrued on a daily rate. (3 CENTS/MONTH)
  • Price Later is $.19/bu. to 1/1/2019, $.03/bu. per month thereafter accrued daily
  • Shrink- ALL BEANS OVER 13% WILL BE SHRUNK 1.25% PER HALF POINT
  • All Bean Loads over 15.0% subject to rejection on delivery
 
NOTICE:
  • Billings and Divides: Please have driver inform scale master on the proper billing on each load.  Very Important: If you have first-time divides or changes from prior year, please inform office prior to harvest.
  • All rates and policies subject to change without notice
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