Posted by paul on November 30, 2015 at 13:31:26 from (76.77.197.114):
In Reply to: What's corn worth? posted by MNfarmboy83 on November 30, 2015 at 08:26:39:
So your friend is selling standing corn to the neighbor, and saving the cost of harvest, transport, and drying.
So the formula would be $3.21 a bu.
Minus a normal combine fee. This is often expressed in dollars per acre, but if they know about what yield, they can figure the cost per bu.
Minus a hauling fee. What does it nor all cost your friend to haul corn to the elevator, distance? An elevator could give a standard per bu cost of this in your area.
Minus a drying fee. I would be testing the loads and see if the test weight is good enough and where the moisture is at, and do a basic discount for too wet or too light about as the elevator does.
This would give you a base price.
Your friend may want to discount a few cents from this because they are helping him out?
The neighbors offering to buy the corn might be happy with the base price, since the elevator often charges a dime to 15 cents over their purchase prices when they sell corn to a buyer. The fella would need to pay that extra to buy corn.
I would say the $2.85 or so being mentioned would be a good starting point.
Man, was a fella out last night getting in a field of corn, there were some issues so it sat out in the rain for weeks here, ground too squishy to drive through. With the rain and snow today, up to 10 inches, I sure hope they are going with the combine or done with the field already? Very late up here to get corn any more?
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