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COVID payment
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Posted 5/21/2020 18:51 (#8272085 - in reply to #8271797)
Subject: RE: COVID payment

NC Iowa
Is DP, deferred payment? From what I read are you talking about Price Later? There is a difference between the two. But both of them has the COOP owning the grain. There is a monthly charge for PL but I don't think it is a storage charge. But I could be wrong on that.

There are hundreds of different angles to look at this. So if you sell your grain(so you don't have to pay storage) then buy it back on the board can you classify that as corn unsold. Do you classify those bushels as inventory?
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