DRYING and STORAGE RATES for 2007

Corn Drying -

Below 16.0% - No Charge
16.0% and above -

Manteno - 5c minimum, plus 1.4c for each ½% above 16.0%
Whitaker - 5c minimum, plus 1.6c for each ½% above 16.0%

Shrink -

Corn above 15.0% moisture will be shrunk to 15.0% for sales or to 14.0% for storage, at the rate of 1.30% for each percent of moisture

Storage -

Minimum of 13c per bushel to February 1, 2008, then an additional 2 1/2c per bushel per month.

Grades on corn will not be averaged. Drying charges, shrink, and any other discounts will be figured for each load.

Soybeans -

Moisture discounts on soybeans will be taken in the form of shrink. The
moisture for all loads 15.0% and below from each farm will be averaged. If the average moisture is above 13.0%, then all those soybeans will be shrunk to 13.0% at the rate of 1.5% for each 1/2% of moisture above 13.0%. The loads above 15.0% will be shrunk individually at the same rate.

All other grade factors for soybeans will be treated on a load by load basis and will not be averaged.

Foreign material in excess of 1.0% will be deducted from the weight.

Storage -

Minimum of 15.0c per bushel to February 1, 2008, then an additional
2 1/2c per bushel per month.

All drying and minimum storage charges will be billed at the end of harvest and will be due by January 15, 2008, or when the grain is sold, whichever is first.

 


Farmers Elevator Co. of Manteno

51 W. Fourth St. * P.O. Box 667
Manteno, IL 60950
Phone: (815) 468-3461 * Fax: (815) 468-6849
email: fec@fecmanteno.com