Posted by IAGary on July 02, 2009 at 06:35:23 from (69.63.1.52):
In Reply to: 1 cent corn check off? posted by Dave from MN on July 02, 2009 at 05:21:40:
That penny is used for the promotion of corn use. The more the corn growers promote the product the more of this glut of corn we can get rid of.
It is also used to develop new uses for corn.
I assume that the MN Corn Growers passed a referendum to collect the penny. It will last for so many years and then will have to pass thru the growers again.
They must have just passed it lately.
Here in Iowa it is 1/3 of one penny checkoff. But that may go towards the Grain Indemnity Fund.
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