Posted by paul on October 23, 2012 at 11:16:05 from (76.77.196.231):
In Reply to: Selling corn I grew? posted by Fullers Farmalls on October 23, 2012 at 10:52:40:
The technical way to price it:
Totay's local price is $7.26 at the local elevator.
Ear corn at 14.5% moisture should weigh 70 lbs per bu.
If you test a sample of the corn, and it is 20% moisture, subtract 14.5 and you are delivering 5.5% water. (If you deliver kernal corn to the elevator they also discount for having to dry the corn, and they charge a bigger shrink factor... Typically an ear corn buyer lets the corn air-dry, so these additional charges may or may not be accounted for - grey area?)
So the weight of the corn, minus 5.5% (water adjustment) divided by 70, times $7.26 is the price of corn.
If you have 120 bu (it's better to weigh the corn, test weights flucuate - this year my corn was coming in 62.5 per bu; gew years ago it was close to 50 lb test weight...) but if we assume 120 bu in a load, and if you are waiting a few weeks yet it might be dry enough (where are you?), then 120 x 7.26 is $871.20 in that load.
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