Storage Charges:

Corn            Beans

Open storage minimum:                            20 cents           22 cents

Warehouse receipt minimum:                            20 cents           22 cents

Minimum storage charge runs through January 1, 2024  Monthly charges start January 1, 2024 and continue through August 31, 2024  Corn and beans monthly charge: corn 3 cents   beans 4 cents  per month prorated daily.

Grain that is not sold 10 days after completion of a field (or lack of activity on a field) will be placed into storage, and have storage charges assessed to those bushels. 

                                                           Price Later Service Charges:

Corn:     18 cents per bushel per month through January 1, 2024 then 3 cents per bushel per month prorated

Beans:   20 cents per bushel per month through January 1, 2024 then 4 cents per bushel per month prorated         

                                                         Shrink Factors:

Corn Shrink Factor:  1.4% per point of moisture removed; Open storage and warehouse receipt corn:  drying to 15.0% shrink to 14%;  Price later contracts and cash:  drying to 15.0% shrink to 15.0%.

Bean Shrink Factor:  3.0% per point of moisture removed from 13.1% to 15.0%; 6% per point of moisture removed above 15.0%.

                      Corn Drying Rates:

 15.1 - 16.0 =    5   cents        20.1 - 21.0 =   27 cents  

 16.1 - 17.0 =   10   cents       21.1 - 22.0 =   29 cents  

 17.1 - 18.0 =   15  cents        22.1 - 23.0  =   31 cents

18.1 - 19.0 =   20  cents         23.1 - 24.0 =   33 cents

 19.1 - 20.0 =   25 cents         24.1 - 25.0 = 35 cents
2 cents per point above 25%

 Storage charges will be deducted from grain checks unless the customer requests to be billed. 

Drying charges will be billed after harvest and due by January 1, 2024.