They pay on dry weight here. And that's after shrink of 1.4% per point of moisture above 15%. So your 1000 bushels of 20% corn gets paid for as 930 bushels of 15% corn. Then you pay for drying, probably about 4 cents a point per bushel.
If you sold the corn its figured at 15%, if you stored the corn its figured at 14% so 1000 pounds of 20% corn stores as 916 pounds of 14% corn.
So 1000 pounds was 17.857 bushels wet, but 16.607 bushels at 15% or 16.357 bushels at 14%.
Or 1000 bushels wet is 930 bushels at 15%, 916 bushels at 14%. This wet year its a cost of selling corn. Some people delivered 27% or wetter corn. The shrink and drying really cut their income.
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Today's Featured Article - Chores - by Frank Young. The ceaseless passing of time! It is at once our friend and our enemy. It measures our progress and it makes us old. Like most features of our life, few things are all good or all bad, and most such judgments depend on our own perspective or viewpoint. In our particular hobby, we enjoy the nostalgic return to the days of our youth as we recreate many of the scenes that took place on the family farm that served as the stage for the first few acts of the play that is our live
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