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Sell now...defer payment til Jan. Anyone gunshy of this approach?
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Chief Illiniwek
Posted 10/14/2020 15:59 (#8545860 - in reply to #8545819)
Subject: RE: Sell now...defer payment til Jan. Anyone gunshy of this approach?


West central IL
I checked the Illinois grain fund. You’re right, not as secured as I thought:
Grain Dealer Claims for grain sold from storage or priced at delivery to a grain dealer licensed by the State of Illinois are covered as follows:



For the first 21 days after delivery to the grain dealer - 100% coverage.
From the 22nd through the 160th day after delivery to the grain dealer - 85% coverage subject to a maximum of $250,000.
After 160 days, no coverage is provided.
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