Posted 5/20/2020 14:07 (#8269599 - in reply to #8269176) Subject: RE: Is it 50%..........or 50% of the 50%???
It may be 25%, but there are two pots to draw money from that add up to .67. Half of the bushels are paid from the CARES ACT and the other half are paid by CCC. So, you get .25 x .67 or .5 x .335, however you want to look at it. Bottom line is the same. At least that’s how it appears to me. The other part of the computation is one will receive 80% of the payment initially. So, .25x.67 (corn)x .8 = initial payment.