2024 HARVEST RATES AND POLICIES
Tremont, Adwell and Toboggan
REMINDERS:
Your scale ticket is still the key to all grain business conducted so please keep your tickets until final settlement is made.
IT IS YOUR RESPONSIBILITY TO NOTIFY SCALE ATTENDANT of the disposition of your grain; ex. storage, contract, open market, or price later. We also need to know how it is to be split if multiple customers are involved. Farm codes are required at the scale; please help us stay efficient during harvest and use the code(s) that we have provided. All this information is needed to properly process your tickets. Please also notify us when you have delivered the last load for a particular settlement sheet. Your continued cooperation in these matters is greatly appreciated and helps us serve you better.
* * * PRICE LATER POLICY * * * * The ILLINOIS GRAIN CODE requires us to PRICE YOUR GRAIN if your PRICE LATER CONTRACT IS NOT SIGNED WITHIN 30 DAYS OF DELIVERY. WE WILL ENFORCE THIS.
**TO REDUCE PAPERWORK AND SIGNATURES, price later contracts will be made per farm only if requested. Each farm gets an individual delivery sheet, and once all farms are completed, you'll receive one price later contract per commodity.
GENERAL POLICIES:
**Grain Deliveries Revised Spot Bushel Policy - The 3 pm cutoff has been removed. All same-day deliveries will get the day's spot price. Bushels delivered on weekends will use the previous Friday's spot rate.
**Disposition Disposition of grain must be designated at time of delivery.
7-Calendar Days Free PL- No fees if priced within 7 days. Day of delivery ticket adjustments from 7 am to 5 pm during harvest office hours. Pricing after day of delivery, but within 7 days must be from 8:30 am to 1:15 pm, Monday to Friday. IF you wish to delay settling the tickets, you must communicate that to the bookkeeper and do not tell the scale attendant “Last Load”.
Handling Charges 10¢ per bushel charge if hauling stored grain out.
Storage Payment Storage charges will be deducted at time of sale of stored grain, unless Warehouse Receipts are needed for government loans in which case 9 months storage has to be prepaid before issuance of Warehouse Receipts. See also Held Over Grain below.
Price Later Payment Price Later charges will be deducted at time of sale of Price Later grain. Price Later Grain is not eligible to be Warehouse Receipted. See also Held Over Grain below.
Drying Payment Drying charges will be deducted from grain sold during harvest on individual settlement sheets. Drying charges on stored and Price Later grain will be billed by the Co-op and payment will be due by November 15, 2024.
Deferred Payment If you wish to defer the payment of your grain until January 2025, please let us know BEFORE your grain is delivered to protect yourself. Per IRS ruling this decision must be made at time of contract and before delivery of grain.
Contract Shortage As soon as you realize you will be unable to fill a contract please contact us to arrange terms to buy back the contract.
Held Over Grain All corn and soybeans remaining in storage and Price Later after August 31, 2025 may, if management
decides space needs warrant it, be charged a 10 (ten) cent surcharge in addition to a new minimum on
September 01, 2025. Additionally, unsold corn and soybeans will have all accrued storage or price later
charges billed and those charges will be due on September 25, 2025.
Liens All grain payments are subject to a Warehouse Lien allowing the elevator to deduct any outstanding drying, storage, and or service charges from the proceeds of the sale of grain.
* PLEASE NOTIFY ELEVATOR PRIOR TO DELIVERY IF YOU HAVE EXPENSES TO WITHHOLD
2024 HARVEST RATES
CORN RATES:
DRYING RATES 15.1 - 16.0 = $ .04 23.1 - 24.0 = $ .25
16.1 - 17.0 = .08 24.1 - 25.0 = .265
17.1 - 18.0 = .12 25.1 - 26.0 = .28
18.1 - 19.0 = .16 26.1 - 27.0 = .29
19.1 - 20.0 = .18 27.1 - 28.0 = .30
20.1 - 21.0 = .20 28.1 - 29.0 = .31
21.1 - 22.0 = .22 29.1 - 30.0 = .32
22.1 - 23.0 = .235 Over 30.0 = .03 additional
per each additional point.
Shrink Factor Shrink is 1.35% per point of moisture. Contract or open price corn will be shrunk to 15%
Storage or Price Later corn will be shrunk to 14%
Storage Charges 22¢ per bushel minimum rate until January 2, 2025. After January 2, 2025, 3.5¢ per bushel
per month prorated daily.
Price Later Charges 18¢ per bushel minimum until January 2, 2025. After January 2, 2025, 3.5¢ per bushel per
month prorated daily.
This Price Later Rate is subject to change without notice. Special Price Later rates may be offered for special delivery terms. Check our website or office for current postings.
All rates are subject to change without notice.
SOYBEAN RATES:
Storage Charges 24¢ per bushel minimum storage until January 2, 2025. After January 2, 2025, 3.5¢ per bushel
per month prorated daily.
Price Later Charges 20¢ per bushel minimum until January 2, 2025. After January 2, 2025, 3.5¢ per bushel per
month prorated daily.
This Price Later Rate is subject to change without notice. Special Price Later rates may be offered for
special delivery terms. Check our website or office for current postings.
Moisture Discount All beans over 13.0% moisture will be shrunk 0.3% of weight for each 0.1% of moisture. Loads 14.6%
and over will be shrunk 2.0% per half % of moisture. All loads 14.5% and below will be averaged by farm.
Foreign Material All Foreign Material over 1% will be deducted from the gross weight and will not be
paid for.
Grading Grading will be load by load (except for moisture as described above). Grade discounts are subject to
change without notice.
Reminder Notes: You can now communicate with us via text message. Just message our landlines to send us a message. We also offer grain bids and closing times via text message. Please download our Android and iOS app from the app store to see grain deliveries, contracts, and more.
All of us at Tremont Co-op wish you a safe harvest and look forward to serving you again this year.