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Flex rent question
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Iowa Quality Hay
Posted 3/31/2015 02:29 (#4487690 - in reply to #4486920)
Subject: RE: Flex rent question



Grabill, Indiana
How do you determine the price? The bonus has to be paid the following spring, correct?

Our flex leases are paid by the end of the year based on dry bushels we delivered to the elevator. We don't have storage on-farm so everything is based on weights. The price is established as the average of Oct 1 and 15, Nov 1 and 15. I said five dates, but it is only four.
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