• Monday, October 15, 2018
  • (217) 543-2157

Policies and Rates

Storage Rates

  • CORN: 20 cents per bushel from date of receipt through January 1, 2019; then 3.5 cents per bushel per month pro-rated daily through August 31, 2019.
  • SOYBEANS: 20 cents per bushel from date of receipt through January 1 2019; then 3.5 cents per bushel per month pro-rated daily through August 31, 2019.
 
 

Delayed Pricing Rates

  • CORN: Rates to be determined as of market conditions.
  • SOYBEANS: Rates to be determined as of market conditions.
 
 

Drying Charges

  • CORN:  -1.75 cents per half point of moisture, per bushel, above 15.0% on sold.
  • CORN:  -1.75 cents per half point of moisture, per bushel, above 14.5% on stored and Delayed Pricing.
  • CORN:  -1.75 cents per half point of moisture, per bushel, above 14.0% on warehouse receipt corn.
  • SOYBEANS:  No Drying Rate; incorporated in the shrink factor.
 
 

Shrink Factor

  • CORN: 1.4% shrink factor is used - open storage to 14.5% and warehouse receipt to 14.0%; delayed pricing to 14.5%; cash sales to 15.0%. Each load stands on its own.
NO AVERAGING OF FARMS AT HARVEST. 
 
  • SOYBEANS: 1.5% shrink per half point of moisture above 13.0%. No bracketing of 13.1-13.5. Each load stands on it own.
NO AVERAGING OF FARMS.
 
 

Anhydrous Ammonia

For an Anhydrous Ammonia price for Fall 2016, for any further information, or for custom application of Anhydrous ammonia please contact Gary Smith, our Anhydrous Ammonia Manager at (217) 433-8260 (cell) or 217-873-4301 (Lovington Office).

Corn

Corn Discount Schedule for All Okaw Farmer's Cooprerative Facilities

Test Weight

54 and > No Discount
53.9 - 53.0 0.01
52.9 - 52.0 0.02
51.9 - 51.0 0.03
50.9 - 50.0 0.04
< 49.9 Market Scale

Moisture

15.0% and < No Discount
15.1% - 15.5 0.0175
15.6% - 16.0% 0.035
16.1% - 16.5% 0.0525
16.6% - 17.0% 0.07
17.1% - 17.5% 0.0875
17.6% - 18.0% 0.105
18.1% - 18.5% 0.1225
18.6% - 19.0% 0.14
19.1% - 19.5% 0.1575
19.6% - 20.0% 0.175
20.1% and > Market Scale
Bushels will be shrunk 1.4% based off gross bushels for moisture greater than 15%
 

Foreign Material

3.0% and < No Discount
3.1% - 4.0% 0.01
4.1% - 5.0% 0.02
5.1% - 6.0% 0.03
6.1% - 7.0% 0.04
7.1% - 8.0% 0.05
8.1% - 9.0% 0.06
9.1% - 10.0% 0.07
10.1% and > Market Scale

Damage

5.0% and < No Discount
5.1% - 6.0% 0.01
6.1% - 7.0% 0.02
7.1% - 8.0% 0.03
8.1% - 9.0% 0.04
9.1% - 10.0% 0.05
10.1% - 11.0% 0.07
11.1% - 12.0% 0.09
12.1% - 13.0% 0.11
13.1% and > Market Scale

Heat Damage

.29% and < No Discount
.30% - 1.0% 0.02
1.1% - 1.5% 0.04
1.6% - 2.0% 0.06
2.1% - 2.5% 0.08
2.6% and > Market Scale

Miscellaneous

Musty 0.10
Sour 0.10
COFO 0.10
Infested 0.10
Okaw Farmer's Reserves the Right to Reject any loads deemed not suitable

Bean

Bean Discount Schedule for All Okaw Farmer's Cooprerative Facilities

Test Weight

54 and > No Discount
53.9 - 53.0 0.005
52.9 - 52.0 0.01
51.9 - 51.0 0.015
50.9 - 50.0 0.025
49.9 - 49.0 0.035
48.9 - 48.0 0.045
47.9 and < Market Scale

Moisture

13.0% and < No Shrink
13.1% - 13.5% 1.5% Gross Weight
13.6% - 14.0% 3.0% Gross Weight
14.1% - 14.5% 4.5% Gross Weight
14.6% - 15.0% 6.0% Gross Weight
15.1% - 15.5% 7.5% Gross Weight
15.6% and > Market Scale
Bushels will be shrunk 1.5% per half point, based off Gross Weight for moisture greater than 13%
 

Foreign Material

1.0% and < No Discount
1.1% - 1.5% 0.05% Gross Weight
1.6% - 2.0% 1.0% Gross Weight
2.1% - 2.5% 1.5% Gross Weight
2.6% - 3.0% 2.0% Gross Weight
3.1% - 3.5% 2.5% Gross Weight
3.6% - 4.0% 3.0% Gross Weight
4.1% - 4.5% 3.5% Gross Weight
4.6% and > Market Scale

Damage

2.0% and < No Discount
2.1% - 3.0% 0.005
3.1% - 4.0% 0.01
4.1% - 5.0% 0.015
5.1% - 6.0% 0.025
6.1% - 7.0% 0.035
7.1% - 8.0% 0.045
8.1% - 9.0% 0.055
9.1% - 10.0% 0.065
10.1% and > Market Scale
 

Heat Damage

.29% and < No Discount
.30% - .80% 0.03
.81% - 1.3% 0.06
1.31% - 1.8% 0.09
1.81% - 2.3% 0.12
2.31% and > Market Scale

Miscellaneous

Musty 0.10
Sour 0.10
COFO 0.10
Infested 0.10
 
Okaw Farmer's Reserves the Right to Reject any loads deemed not suitable
Wheat Discount Schedule for All Okaw Farmer's Cooprerative Facilities
Discount Schedule for Summer Wheat 2017 to be posted soon
Other policies