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Harvest Policy 09/06/12 3:56:34 PM
Glacial Plains Cooperative - Harvest Policy
Effective September 6, 2012
Subject to Change Without Notice
2012 Price Later Program - Corn and Soybeans
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Service charges are 5 cents per month (pro-rated). A 3 month minimum will apply.
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Un-priced grain must be priced by October 24th, 2013. If not, it will be priced automatically, without further notice, on the market open of October 24th, 2013.
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On Price later corn, title has passed to Glacial Plains. These bushels cannot be transferred to fulfill CVEC deliveries or purchase contracts.
Corn
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Cash or contracted corn will be shrunk and dried to 15.0% moisture. Price Later, warehouse receipts or grain bank will be shrunk and dried to 14.0% moisture. Condo storage will be shrunk and dried to 14.5% moisture.
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Drying charges will be 5 cents each point of moisture over tolerance (pro-rated by each 1/10th point, no minimum) and shrink at 1.5% each point of moisture over tolerance. Individual grade factors will not be averaged.
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No early delivery of CVEC bushels or deferred purchase contracts.
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We may take delivery of CVEC corn in Murdock at GPC's discretion. Call before hauling.
Soybeans
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All soybeans will be shrunk to 13.0% moisture.
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All soybeans will have an automatic 1/4% (.0025) Foreign Material deduction.
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(Updated 10/19/2009) Drying charges will be a straight shrink of 3.0% each point over 13.0% to 15% moisture, and 4% each point over 15% moisture. (pro-rated by each 1/10th point). No monetary charges will apply.
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Foreign material over 1.0% will be deducted from gross weight and will not be averaged.
All Grains
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Each producer is responsible to inform the scale operator who the grain is for, the dispositon of the grain (sell, contract, price later, etc.) and when delivery is complete.
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Grain bank grain inventories will be inventoried as standard grade grain. Applicable discounts will be assessed to offgrade grain to bring it up to standard. No service charge will apply if used within a six-month period. Any grains over 6 months old will be charged a fee of 5 cents per bushel per month retroactive to the date it was dumped.
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Grain that is exceptionally offgrade, wet or heating may be rejected.
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In store grain will be bid and discounted based on the delivery elevator's bid and discount schedule the day it is sold. Price later grain or stored grain cannot apply to future purchase contracts.
Have a safe harvest.
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