They pay on dry weight here. And that's after shrink of 1.4% per point of moisture above 15%. So your 1000 bushels of 20% corn gets paid for as 930 bushels of 15% corn. Then you pay for drying, probably about 4 cents a point per bushel.
If you sold the corn its figured at 15%, if you stored the corn its figured at 14% so 1000 pounds of 20% corn stores as 916 pounds of 14% corn.
So 1000 pounds was 17.857 bushels wet, but 16.607 bushels at 15% or 16.357 bushels at 14%.
Or 1000 bushels wet is 930 bushels at 15%, 916 bushels at 14%. This wet year its a cost of selling corn. Some people delivered 27% or wetter corn. The shrink and drying really cut their income.
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Today's Featured Article - When Push Comes to Shove - by Dave Patterson. When I was a “kid” (still am to a deree) about two I guess, my parents couldn’t find me one day. They were horrified (we lived by the railroad), my mother thought the worst: "He’s been run over by a train, he’s gone forever!" Where did they find me? Perched up on the seat of the tractor. I’d probably plowed about 3000 acres (in my head anyway) by the time they found me. This is where my love for tractors started and has only gotten worse in my tender 50 yrs on this “green planet”. I’m par
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