Posted 5/22/2020 17:39 (#8273825 - in reply to #8273696) Subject: RE: Covid Clarification
20,000 Bu * 67 cents= $13,400.
I was wrong. This is going to be confusing.
You can only use half of your total raised in 2019. then you have to take that in half.
10,000 Bu *67 cents= $6,700.
you only get 80% of that right away.
Now if you forward contracted any corn you have to subtract that as well if it is over half of your 2019 bushels.