Grain Policy

Corn:

Open Storage: $.04 cents/bu/mo till Sept 15, 2018, storage will be billed on the last business day of the month for the month just completed @ a daily rate of .001315 per day. Storage will be accrued on corn sold and deducted from the sale. Storage will be billed on corn withdrawn before month end at the time of withdrawal.

Price Later Rates: $.03/bu/mo through Sept 15, 2018, storage will be billed on the last business day of the month for the month just completed @ a daily rate of .000987 per day. Charges will be accrued on corn sold and deducted from the sale. Contract must be signed within 1 month after receipt or corn will be priced. There is no Roll-over fee on corn on Priced Later.  Corn still on priced later will be put on new price later program on Sept. 15, 2019

A rollover charge of $.10 on all unpriced bushels remaining in storage will be assessed on Sept. 15th of each year. 

An out charge of 10 cents per bushel will be charged to grain not sold through Countryside Cooperative. This includes feed corn not run through the Feed Mill. Quality discounts will be charged or credited to customers account.

 

Custom Drying Policy:

Corn hauled in above 15% moisture for custom drying will be charged regular drying rates and a shrink rate of 1.4%.  All bushels will be assessed a 10 cent out charge.  Corn left at the elevator after 10 days will be put on open storage.  Quality discounts will be charged or credited to customers account.  Countryside is not responsible for spoilage once grain leaves a facility.

Corn Drying:

15.1-16%
$.05/bu
23.1-24%
$.24/bu
16.1-17%
$.09/bu
24.1-25%
$.26/bu
17.1-18%
$.12/bu
25.1-26%
$.27/bu
18.1-19%
$.14/bu
26.1-27%
$.28/bu
19.1-20%
$.16/bu
27.1-28%
$.29/bu
20.1-21%
$.18/bu
28.1-29%
$.30/bu
21.1-22%
$.20/bu
29.1-30%
$.31/bu
22.1-23%
$.22/bu
30%+
$.04/bu/point additional

Corn Sold will be shrunk 1.4% per 1% of moisture to 15

Corn on DP will be shrunk 1.4% per 1% of moisture to 15

Corn on Open Storage will be shrunk 1.4% per 1% of moisture to 14

Corn under 15% will be charged a one-time fee of $.06/bu (For bushels in the government loan program)

Beans:

Storage: $.05 cents/bu/mo till Sept 30, 2018,  storage will be billed on the last business day of the month for the month just completed @ a daily rate of .001644 per day. Storage will be accrued on soybeans sold and deducted from the sale.  Storage will be billed on soybeans withdrawn before month end at the time of withdrawal.

Price Later Rates: $.04/bu/mo through Sept 30, 2018, storage will be billed on the last business day of the month for the month just completed @ a daily rate of .001315 per day.

Charges will be accrued on soybeans sold and deducted from the sale. Contract must be signed within 1 month after receipt or beans will be priced. Beans still on priced later will be put on new price later program on Sept. 15, 2019, but will have the rollover fee waived.

A rollover charge of $.12 on all unpriced bushels remaining on Open Storage will be assessed on Sept. 15th of each year.

An out charge of 12 cents per bushel will be charged to grain not sold through Countryside Cooperative. Quality discounts will be charged or credited to customers account.

Bean shrinkage of 1.5% per ½% of moisture from 14.99%-13%

Bean shrinkage of 2% per ½% of moisture from 17%-15.0

Bean shrinkage of 2.5% per ½% of moisture above 17%. Beans above 17% subject to rejection. Please call before delivering wet beans over 17% as we will do our best to be able to work with customers.

Test weight

Corn
53.9-50 lbs/bu
$.02/bu/lbs
49.9-46 lbs/bu
$.04/bu/lbs
45.9-0 lbs/bu
$.06/bu/lbs
Beans
53.9-50 lbs/bu
$.02/bu/lbs
49.9-48 lbs/bu
$.03/bu/lbs
48 lbs/bu – lbs/bu
$.04/bu/lbs

Foreign Material

Corn
3.1%-5%
$.02/bu/%
5.1%-10%
$.03/bu/%
10% +
$.04/bu/%
Beans
Deduct 1/10% for each 1/10th of a point over 1%
Ex. 1.1% = 1%  2.0% = 1.0%

Damage

Corn
5%-7%
$.02/bu/%
7.1%-10%
$.03/bu/%
10.1%+
$.04/bu/%
Beans
2.1%-4%
$.02 each ½ pt
4.1%-6%
$.03 each ½ pt
6.1% +
$$.04 each ½ pt

Other Charges

Corn
Musty
$.05/bu
Sour
$.10/bu
COFO
$.15/bu or Rejection
Rocks
$.15/bu or Rejection
Infested
$.15/bu or Rejection
Beans
Musty
$.10/bu
Sour
$.15/bu
Heat Damage
$.03 per ½ pt/bu from .02%+
Splits
$.02/bu/1% over 20%
Infested
$.15/bu

 

Oats for Feed Use –Storage of oats from 2016 will continue to be $.03/bu/mo billed at the end of each month

Grain Quality – Countryside Cooperative reserves the right to refuse grain because of quality factors.

Grain Bids – Countryside Cooperative bids are subject to change at any time.  Please note that a price quote is not a sale; a specific quantity, price and delivery period are needed.  Verbal agreements are considered binding.

Contracts – We offer forward price fixed, compass, basis fixed, HTA, and price later contracts.  Please return a sign contract as soon as possible.  This helps protect both Countryside Cooperative and the customer.

Other –Countryside Cooperative offers a variety of OTC and other contracts to help with marketing. Please contact the Grain office to inquire about details.

Unpaid Storage and Drying – Countryside Cooperative reserves the right to sell enough grain to cover unpaid storage and drying charges 90 days and older

Overdrafts – All overdrafts on grain bank will be charged market price of corn at time of withdrawal.

Warehouse Receipts – Storage must be paid as per Farm Service Agency regulations.  Other related storage and drying charges will be billed.  A $10 fee will be charged for additional warehouse receipts issued after the first two.

 

Please contact the Grain Office with any questions

Traci Gunderson     Nathan Montgomery

Director of Grain     Grain Merchandiser/Originator

1-800-236-7585      1-800-263-7585 or 1-715-279-4517

 

Countryside Cooperative Reserves the right to change grain policy at any time based on market conditions.  Policy changes will be posted at locations as well as on the website. When storage space fills up during harvest, grain may only be accepted for Cash, Contract, or Basis delivery so ownership can be gained to allow harvest to continue.  Grain delivered will be applied to contract before being put on storage. 

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