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homer
Posted 9/12/2013 09:34 (#3323500 - in reply to #3323315)
Subject: actully $5 contract is paying more for drying


ne iowa


1000 bu wet corn @ 25%

882.5 bu of corn at 15%
117.5 bu water


at 1% / pt discount @ $5.00 1000bu x $4.50 = $4500
@ $7.00 1000bu x $6.30 = $6300

if u dryed it for free take out 117.5 bu of water

882.5bu x $ 5.00 = $4411.8
882.5bu x $7.00 = $6177.5


so cost of drying the $ 5.00 corn - $88.2 ($4411.8-$4500)
$7.00 corn - $122.5 ($6177.5-$6300)


so ray at 1 % /pt discont is paying to dry your corn , if he actully had to dry it




Edited by homer 9/12/2013 09:35
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