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2012 - 2013 Policy
STORAGE RATES  
- Corn : 22 cents per bushel from date of receipt through January 1, 2013; then 1/10 cent per bushel per day to August 31, 2013.
- SoyBeans: 22 cents per bushel from date of receipt through January 1, 2013 then 1/10 cent per bushel per day through August 31, 2013.
Sealed grain storage must be paid when the warehouse receipt is issued. 9 months prepaid storage is required by the government to seal grain.
All grain delivered during the harvest period will be stored each Friday evening, unless prior arrangements have been made.
Return to Service Rates
DELAYED PRICING RATES  
- Corn: 1/10 cent per bushel per day to August 31, 2013.
- Beans - 1/10 cent per bushel per day through August 31, 2013.
DRYING CHARGES 
- Corn - 3.5 cents per point of moisture, per bushel, removed above 15.0%, split on half points.
* * * * * * * * DRYING RATES WILL BE APPLIED TO DRY BUSHELS * * * * * * * * * * * * * * **
* * * * * * * * * * * * *DRYING IS CHARGED ONLY TO 15.0% * * * * * * * * * * * * * * * * * * * * * *
Drying charges will be deducted from fall checks, or charged to your account in December, for payment in December 2012, or January 2013.
- Beans: no drying rate; it is incorporated in the shrink factor
SHRINK FACTOR 
- Corn: 1.4% shrink factor is used - open storage and warehouse receipt shrink to 14.0%; delayed pricing to 15.0%; cash sales to 15.0%.
- Beans: 1.25% shrink per half point of moisture from 13.1 - 15.0%; 2.0% per half point above 15.0%.
ALL RATES ARE SUBJECT TO CHANGE WITH MARKET CONDITIONS.
GMO GRAINS/nonGMO GRAINS
nonGMO beans enrolled in the nonGMO program, must be delivered to the contracted destination. These beans will be tested and segregated at delivery.
This is subject to change with market conditions.
                       
Farm Pickup of Grain
- The fee for harvest on-the-farm pickup will be $70/hour from the time the truck arrives at your farm to the time the job is completed, 1 hour minimum.
- You will be expected to sign a time-of-arrival sheet and the trucker will sign a time-of-unload sheet.
- Trucks will be dispatched by Topflight Grain Cooperative from the Bement Office.
- Grain will be delivered to a Topflight Grain facility.
- You must notify us 24 hours in advance so we can schedule the trucks.
Trucks will be assigned on a first-come first-served basis. Trucking fees will be charged to your account at Topflight Grain Cooperative, based upon time charged by the trucking firm to Topflight Grain Cooperative.
The semi trucks need to be loaded on the road or in an area that is easily accessible.
As you determine the benefits of this program to your operation, estimate an average semi truck load of corn at 900 bushels (straight trucks will not be used). Other variables to consider are:
- Speed at which the semi truck can be loaded at your farm (auger wagons would be an asset, but are not required).
- Distance from your farm to the elevator in Bement, Milmine, LaPlace, Pierson, Atwood, Cisco, Emery, Maroa, Monticello or Seymour.
- Cost of your labor and equipment to truck the grain versus the $70/hour fee.
For more information on farm pickup of grain by Topflight Grain Cooperative call (800) 383-9761
Post Harvest Farm Pickup
After the harvest season, Topflight Grain will arrange for farm pickup of bin stored grain, for a fee of 6 cents per bushel. This fee includes a truck and truck driver. Arrangements for this service can be made by calling your local grain originator.
Return to Service Rates
Vac-u-lator Service Fee
- The charge for use of the vac-u-lator for farm-stored grain is $80/hour with a minimum of $160.
- The per-hour charge includes one man, vac-u-lator machine, and fuel.
- The per-hour rate begins at the time the machine leaves for the the farm until the vac job is completed.
Corn Discount Rates:
Moisture - 1.4% shrink/point of moisture.
Fall contracts and DP shrink to 15% moisture
Open storage and warehouse receipts shrink to 14.0% moisture
Corn Drying - 3.5 cents/point of moisture above 15.0%, based on half points.
Damage - 1 cent each point of damage above 5%, to 7.0%
2 cents a point from 7.1% to 10.0%
3 cents a point from 10.1% to 15.0%
5 cents a point above 15.0%
Foreign Material - 2 cent each point from 3%-5%
3 cents a point above 5.0%
Test weight - 1 cent from 53.9 - 51.0
2 cents/lb - below 51.0
Sour - 5 cents/bushel
Musty - 5 cents/bushel
Weevily - 10 cents/bushel
Other grades - subject to market conditions
Moisture - 1.25% shrink/half percent of moisture from 13.1 - 15.0%
2.0% shrink/half percent of moisture above 15.1%
Over 16% subject to rejection
Damage - .3% of price/point from 2.1 - 5.0
.6% of price/point above 5.0
Foreign Material - all foreign material in excess of 1.0% will be deducted from the net weight, and will not be paid.
Musty - 5 cents/bushel
Sour - 5 cents/bushel
Other grades subject to market discounts.
ALL RATES ARE SUBJECT TO CHANGE |