Grain Policy

 

Corn:

Open Storage:  $.04 cents/bu/mo until Sept 30, 2019, 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  Storage will be billed on corn withdrawn before month end at the time of withdrawal. A rollover charge of 10 cents on all unpriced bushels remaining in storage will be assessed on Sept 15th of each year.

Grain Bank $.04 cents/bu/mo until Sept 30, 2019, 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 used for feed, and invoiced at the time of usage.  Grain not used for feed must be sold to Countryside Coop. There is no rollover fee on Grain Bank corn.

An out charge of 7 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. Countryside is not responsible for spoilage once grain leaves a facility.

Price Later Rates: $.03 cents/bu/mo until Sept 30, 2019, charges 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 rollover fee on corn on Price Later.  Corn still on priced later will be put on new price later program on Sept. 15, 2019. 

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 7 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.

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 PL will be shrunk 1.4% per 1% of moisture to 15

Corn on Open Storage and Grain Bank 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:

Open Storage: $.05 cents/bu/mo until Sept 30, 2019, 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. A rollover charge of 12 cents on all unpriced bushels remaining in storage will be assessed on Sept. 15th of each year

Price Later Rates $.04 cents/bu/mo until Sept 30, 2019, Charges 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 price later will be put on new price later program on Sept. 15, 2019, but will have the rollover fee waived.

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. Countryside is not responsible for spoilage once grain leaves a facility.

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% are subject to rejection.  Please call before delivering wet beans over 17% as we will do our best to work with customers.

 

Test weight

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

Foreign Material

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

Damage

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

 

Other Charges

Corn   Beans  
Musty $.05/bu Musty $.10/bu
Sour $.10/bu Sour $.15/bu
COFO $.15/bu or Rejection Heat Damage $.03 per ½ pt/bu from .02%+
Rocks $.15/bu or Rejection Splits $.02/bu/1% over 20%
Infested $.15/bu or Rejection 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 @ 715-672-8947 EXT 1218

Traci Gunderson                         Nathan Montgomery

Grain Division Manager          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.

Countryside Cooperative participates in Wisconsin’s Agricultural Producer Security program. If we fail to return your grain on demand, you may file a claim under this program. The program may reimburse you for the loss of up to $100,000 worth of grain. For more information, you may contact the Wisconsin Department of Agriculture, Trade and Consumer Protection, 2811 Agriculture Drive, P. O. Box 8911, Madison, WI 53708-8911 (phone 608/224-4998). 

 

Countryside Cooperative participates in Wisconsin’s Agricultural Producer Security Program. If we fail to pay you for grain when payment is due, you may file a claim under this program. The program may provide some compensation. However, our “estimated default exposure” exceeds program coverage, and we have not filed security to cover the difference, so compensation may cover only a portion of your loss. For more information, you may contact the Wisconsin Department of Agriculture, Trade and Consumer Protection, 2811 Agriculture Drive, P. O. Box 8911, Madison, WI 53708-8911 (phone 608/224-4998).

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