How does that work? Any changes from, say, a year ago? Seems that before a farmer would deliver a pile of corn, and then wait for huge check. When the facility went bellyup, it seemed/sounded as if the farmer got stiffed. Is that still the situation, or has there been Iowa elevator program coverage on the deliveries? For example, I haven't delivered to Cargill, Eddyville, IA for years, but it used to be that Cargill had checks out within two days of a load's delivery-----------so even if Cargill tubed it, a farmer would have much less exposure. Just interested in whether or not something had been done to protect farmers on their contracts with ethanol plants. |