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Covid Clarification
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Iowaluck
Posted 5/22/2020 18:07 (#8273855 - in reply to #8273696)
Subject: RE: Covid Clarification


NC Iowa
Let me clarify. If you raised 40,000 Bu in 2019 and have them all unpriced. That mean you can't have any contracts for this summer. Then you can only use half of those bushels. Which that is 20,000Bu. So that is where you start doing more math. You get to use half of those remaining bushels. So that is 10,000bu. You get $.67 per bushel. So that is $6700. Now you will only get 80% of that to start with. So $5360 is your first check. The remaining $1340 will come later if they don't run out of money.

I think
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