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199A Coop deduction provision.
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JUST LEARNING
Posted 2/16/2018 12:47 (#6582187 - in reply to #6582156)
Subject: RE: 199A Coop deduction provision.


KS and NE in eastern 3rd
Ok let me explain what I do and have done for a number of years.

Call coop and hta 10k bushel now

At harvest call coop and say I'd like to deliver 3k to Cargill, 5k to adm and the remainder I will take to your central location.

They set basis at cargill for 10 under they set basis at adm for 12 under and thet set basis at their central location for 30 under.

Once all the grain is delivered I get 1 check from coop for the full amount of bushels delivered to each location and it's all eligible for the 20% deduction if the law stays in place. If the law doesn't stay in place I still get the exact same amount of money as I would of if I would have contracted to each individually.
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