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What is so special about Jan 15?
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turnipted
Posted 5/20/2020 09:26 (#8269153 - in reply to #8269130)
Subject: RE: What is so special about Jan 15?


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.

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