2007 Fall Harvest Policies

Receiving

Grain Must Be Settled Within 10 Days Of First Delivery Date Grain Which Has Been Held Beyond This 10 Day Limit Will Be Considered Stored With The Average Delivery Date To Be Considered The Deposit Date (With Appropriate Storage-Drying-Shrink Rates Assessed) A New Delivery Period Will Then Be Started

Warehouse Receipt Storage Rates - All Grains

January-April: .083 Cents/Bushel/Day (@2.5 Cents/Bu./Month)
May-August: .05 Cents/Bushel/Day (@1.5 Cents/Bu./Month)
September: .1 Cents/Bushel/Day (@3 Cents/Bu./Month)
October-December: .13 Cents/Bushel/Day (@4 Cents/Bu./Month)

Price Later - Corn & Soybeans

Corn: 15 Cents Per Bushel Carries Contract Until December 31, 2007 Soybeans: 15 Cents Per Bushel Carries Contract Until December 31, 2007 Then 2 Cents Per Bushel Per Month Or Fraction Thereof With A Maximum Of 25 Cents/Bushel NOTE: Corn & Soybean Contracts Carry September 15, 2008, Expiration Date By Which Customer Is To Complete Final Pricing

Moisture Requirements

Corn: Warehouse Receipt & Grain Bank = 14.0%
Sale For Cash; Deferred Payment; Price Later = 15.0%

Soybeans: Warehouse Receipt = 13.0%
Sale For Cash; Deferred Payment; Price Later = 13.0%

Drying Rates - Corn

3.75 Cents Per Point Moisture Removed Up To 25.0% Moisture

Shrink

Moisture Shrink = 1.18% Handling Shrink = 0.22%
Total Shrink = 1.4% For Each 1% Moisture Removed

Soybean Moisture Discounts

Soybeans 14.0% Moisture And Below Will Be Averaged Together
Soybeans Over 15.1% Moisture Must Be Sold Or Put On Price Later

Discount Schedule

13.1% to 13.5% Moisture = 1.50% Of Contract Price Discount Per Bushel
13.6% to 14.0% Moisture = 3.00% Of Contract Price Discount Per Bushel
14.1% to 14.5% Moisture = 4.50% Of Contract Price Discount Per Bushel
14.6% to 15.0% Moisture = 6.00% Of Contract Price Discount Per Bushel

Foreign Material Discounts

Corn: Discounts In Use By Grain Trade On Date Of Disposition Will Apply
Soybeans: All FM Greater Than 1% Will Be Discounted As A Subtraction Of Weight

Damage, Test Weight, Mold, Insects, and Other Discounts

Discounts In Use By Grain Trade On Date Of Disposition Will Apply