| Remember it is the SMALLER of 50% of your 2019 production OR your inventory on 1-15-2020 of your 2019 production. Then take the smaller bushel amount times 50% and that is your bushels you are paid on.
Say you produced 50,000 bushels in 2019. As of 1-15-20 you had 40,000 bushel unsold. You will get paid on 12,500 bushels.
Say you produced 50,000 bushels in 2019. As of 1-15-2020 you only have 10,000 bushel unsold. You will get paid on 5000 bushels. |
What is so special about Jan 15?
