Remsen Farmers Coop Grain


 

2017 Grain Policies 
 
 
 

                                                   

 
The grain storage facilities at the Remsen Farmers Cooperative Company holds up to 5.3 million bushels at our single location.  If you have any questions regarding our grain policies,  please don't hesitate to contact us at 712-786-1134

 

 


Corn

Corn Moisture Requirements:

Selling within 15 days-15%

Grain Bank-15%

Price Later -15%

Warehouse Receipt-14%

 

Warehouse Receipt:  First 15 days at no charge.  Next 45 days are 10 cents per bushel.  Next 305 days are 3.3 cent per bushel per month.  Thereafter, storage on corn will be charged 4.5 cents per bushel per month.

Price Later Corn:  Service charge on corn is 10 cents for 90 days and 3.3 cents per bushel per month thereafter.  ALL PRICE LATER CORN THAT IS ROLLED OVER TO A NEW PRICE LATER MUST BE SIGNED BEFORE THE LAST DAY OF THE CURRENT PRICE LATER.  Moisture requirement for price later is 15%.

Grain Bank : Only available to feed customers of Farmers Cooperative Company.  No storage charge for first 60 days and 3.3 cents per month per bushel thereafter.  Grain sold out of grain bank will be assessed a storage charge from date of entry.  Moisture requirement for grain bank corn is 14%.  Grain Bank corn is intended and required to be fed in approved FCC feed program.  Shell corn hauled out of grain bank will be charged a $.10 load out fee and assesed regular storage.

Shrink:   Moisture Shrink - 1.25%
               Handling Shrink - .25%

Corn Drying:   4.0 cents per bushel of moisture removed.  Subject to change without notice due.

Damage Discount:  2 cents per point from 5 - 10 %.  3 cents per point over 10%.

Foreign Material:  2 cents over 3%.  Example: 5% = 4 cents

Test Weight:   53.9 - 52.0 = $.01 per bushel per pound
                         51.9 - 50.0 = $.02 per bushel per pound
                         49.9 - 48.0 = $.04 per bushel per pound

Other Grades: 

Musty = 5 cents per bushel

Sour = 5 cents per bushel

Weevily =  10 cents per bushel

Time Requirements:  Unless previous arrangements are made,  all grain is considered to be delivered for storage.  Grain unsettled for 15 days transfer to warehouse receipt.  We will not be contacting producers before storage begin.

 

 

Soybeans

Soybeans will be averaged up to 14.5% to 11% moisture.  Over 14.5% will stand on there own. 

Moisture Requirements:  Price Later - 13%
                                           Warehouse Receipt - 13%
                                           Contracts - 13% 
 

Price Later: 15 cents for 90 days and 3.3 cents per month thereafter.  All price laters that are rolled must be signed before the last day. 

Warehouse Receipt:  First 15 days of storage at no charge.  Next 45 days is 15 cents per bushel.  Next 305 days is .0011 per day(3.3 cents per month.  Thereafter is 4.5 cents per month.)

Shrink :   Handling Shrink - .25%
               Moisture Shrink - 1.25%

Moisture:

Moisture
Discount
 
Grain Shrink
13.1% to 13.5%
1.50%
13.6% to 14.0%
3.00%
14.1% to 14.5%
4.50%
14.6% to 15.0%
6.00%
15.1% to 15.5%
7.50%
15.6% to 16.0%
9.00%

 Damage (Green Beans):  .03 cents per 1% over 3. 

Foreign Material:  1% deducted as shrink.

Sour: $.10 per bushel

Musty: $.05 per bushel

Weevil :  $.10 per bushel

                          RATES SUBJECT TO CHANGE WITHOUT NOTICE