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West Central MN | The largest Coop in my area started Free DP back in the middle of February. Almost exactly two months ago.
Corn is Free until 10-31
SB is Free until 7-30
Wheat is Free until 8-31
None of the three ethanol plants within 35 miles of our farm have any Free DP programs that I am aware of. They are all basically full all of the time anyway and are not accepting any Spot cash sales.
By the way, here is how the Coop defines their DP program:
Only can price grain using the current cash price.
Grain hauled in under DP cannot be applied to any Future Contracts.
Grain CANNOT be under loan.
When the grain is priced, you can come in and get your check or we can mail it to you.
Title is transferred upon dumping, this is a voluntary extension of credit.
You will receive a Delayed Pricing contract in the mail to sign and send the yellow copy back to the Office. Unsigned contracts will incur a $0.25 penalty (Just sign them).
Edited by vvv 4/11/2007 18:12
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Ohhhh Boy....
