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  Eminence Grain and Coal Co

2022 CROP STORAGE RATES AND POLICIES

Corn and Soybean storage rates are as follows:
  • Minimum storage charge through March 31st, 2023 is 20¢ per bushel.
  • Storage charge beginning April 1st, 2023 is 3¢ per bushel per month.
  • The monthly fee is calculated and charged on the first day of each month.
  • Storage is due and payable at the time of settlement, except that it must be prepaid
    if grain is placed under government loan.

Shrink and Drying Policies:
  • Corn delivered for sale will have a base moisture of 15%.
  • Corn delivered to be stored will have a base moisture of 14%.
  • Corn shrink is calculated at the rate of 1.4% per 1% of moisture over the base moisture.
  • Corn drying charges are 2.25¢ per bushel for each 1/2% moisture over the base moisture.
  • Corn moisture and discounts are calculated separately for each load.
  • Drying charges will be billed after harvest and will be due the following January 15th, except for loan corn, which will be due when the warehouse receipt is issued.
  • Soybeans will be shrunk to 13% at the rate of 1.15% per 1/2% of moisture over 13.1%.
  • Soybean moisture and discounts are calculated separately for each load.
  • We reserve the right to reject any soybeans having a moisture content over 15%.

 Quality Discounts:
  • Soybean foreign material over 1% will be deducted from the weight of the affected load.
  • Total broken corn and foreign material discount is 1¢ per bushel for each 1% over 3%, up to 7%. Over 7%, the discount is 2¢ per bushel for each 1%
  • Corn damage in excess of 5.0% will be discounted 1¢ per bushel for each 1% over 5%.
  • Aflatoxin contaminated corn at levels greater than 20 ppb is subject to discount or rejection.
  • Insect infested grain will be discounted 5¢ per bushel on the affected load.
  • It is a federal offense to deliver treated grain or seed to our facility!

 

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