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| Our country was developed by individuals in business, let us keep it that way. V.T. Twomey, founder Twomey Company 1945. |
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Storage Rates 09/22/05 12:17:54 PM
STORAGE RATES
CORN - per bu. - 12¢ minimum for 1st 100 days and 3/100¢ per day thereafter. Per annum 19.95¢
SOYBEANS - per bu. - 13¢ minimum for 1st 100 days and 4/100¢ per day thereafter. Per annum 23.60¢
Additional storage is calculated by the day when over the minimum storage days.
Example: Corn stored for 195 days = 12¢ for first 100 days plus 95 days x 3/100¢ per day or 2.85¢ for additional days = 14.85 cents total cost of storage.
Grains carried over from one year to the next will be subject to the minimum storage charges each year thereafter. Date for reapplication of the minimum storage will be the anniversary date of the average date of delivery based upon minimum in effect at the time of reapplication. As an example, if grain is delivered with an average delivery date of November 10th of one year, reapplication of minimum storage will apply each November 10th thereafter.
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