EFFECTIVE DATE:05/15/2023

FARMERS INTENTION UPON DELIVERY

The producer must declare at the scale whether his/her grain is to be Sold, placed on Price Later, or applied to Contracted Grain. If the producer fails to inform the scale operator, the grain will be posted to Open Contracted Grain first followed by Price Later agreement.  Producer must sign Price Later Agreements within 10 days of delivery.  County Line Grain Co will receive all grain as if it is a GMO variety. At the time of settlement you will receive the price for the value of GMO grain only.
 

If there are contracts for the current delivery period the first grain brought in will be applied to the oldest contract. You will not be allowed to put grain on Price Later first and fill contracts later.
 

Price Later (DP): 2023 New Crop Corn, Price Later (DP) service charges are .001315 cents per bushel per day with a minimum of 120 days or .15781 cents and will start to accrue the date of delivery.

All 2022 Price Later Corn must be priced by October 31, 2023.
All 2023 Price Later Corn must be priced by October 31, 2024.

• Ownership of Corn passes to Elevator at time Price Later contract is signed.

• All Price Later service charges will be due at time of settlement, however County Line Grain reserves the right to invoice annually.

• Price Later grain bids may be different than elevator delivered bids for deferred periods.

Free Price Later (DP):  Old Crop Corn, 2022 or before production can be delivered under Free Price Later up to September 1, 2023  but if not priced by October 31, 2023 same service charges will apply starting that date as if it were New Crop Corn. When Free Price Later is being offered.

 

Price Later (DP): 2023 New Crop Soybeans,  Price Later (DP) service charges are .001315 cents per bushel per day with a minimum of 120 days or .15781cents, and will start to accrue the date of delivery.
 

• Ownership of grain passes to Elevator at time Price Later contract is signed.

Free Price Later (DP):  Old Crop Soybeans, 2022 or before production can be delivered under Free Price Later up to September 1, 2023 but if not priced by September 30, 2023 same service charges will apply, starting that date, as if they were New Crop Soybeans. When Free Priced Later is being offered.

This policy, all grain agreements and contracts shall be governed by Minnesota law. Buyer and Seller agree that all disputes arising out of or relating to policy, agreement or contracts shall be settled by arbitration in accordance with the rules and regulations of the National Grain and Feed Association pursuant to such Association's grain arbitration rules. Buyer and Seller agree that judgment may be entered upon any arbitration award in any court of competent jurisdiction. Written notice to Buyer shall be by personal delivery or by postage paid letter addressed to Buyer as written above to the attention of the General Manager.

We will be offering deferred payment contracts for those wishing to defer income. Checks to be mailed to producer, no later than January 10th of the following year.
 

Our company will be doing custom corn drying with normal dry and shrink discounts. Corn must be redelivered within 10 days of deposit or Price Later service charges will apply.

Due to the volatility of the CBOT our company will buy and sell grain only during the days the CBOT is trading and also only during the hours of  9:00 AM to 1:00 PM.  All other grain purchases must be cleared through company owner before purchase or sale is final.

County Line Grain Co
526 State Highway 22
Minnesota Lake, MN 56068
Phone: 507-462-3511
 

 

 

T.W.:               2 Cents Ea. 1 lb. 53.9 to 52.0

 

DMG:              6 Cents Ea. ½% from 2.1% to 2.5%

 

MST:               1% Dock of wt. For each ½ % Mst. 13% Up to 14.0% Mst.

                        No loads Averaged.
 

F.M.:                1% Allowable

 

SOUR:             10 Cents Chg.

MUSTY:          10 Cents Chg.

SPLIT:             2.5 Cents Chg. Each 1% above 20%

COFO:            20 Cents Chg.

 

Cash Deliveries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13% Allowable

All Delayed Pricing Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .13% Allowable

 

 

County Line Grain Co
526 State Highway 22
Minnesota Lake, MN 56068
Phone: 507-462-3511
 

 

T.W.:                1 Cents Ea. ½ lb. 53.9 to 52.0

 

DMG.:              2 Cents Ea. 1% 5.1% to 7%

 

MST.:             1.4% Shrink per Ea. 1% of Mst. and 2 1/4 Cents Ea. ½ %  of Mst. In Drying Season, with no average, dried to storage preference (see below).

                       Mst. 16.6% and above discounted by the load, plus (normal in season drying chgs.) to storage preference (see below)

F.M.:                2 Cents Ea. 1% - 3.1% to 4%

 

HT. DMG.:       2 Cents Ea. .1% from .3% to .5%                                                                     
                         4 Cents Ea. .1% from .6% to 1.0% then subject to rejection
 

SOUR:             7 Cents Chg.

MUSTY:          7 Cents Chg.

BUGGY:          7 Cents Chg.

COFO:           14 Cents Chg.

Cash Deliveries . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15% Allowable            

All Delayed Pricing Programs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15% Allowable