Prairie Grain Partners, LLC

2010 Fall Grain Policy 03/08/10 8:09:12 AM

Prairie Grain Partners L.L.C. 2009 - 2010 Grain Policy

Settlements 7 Days From Time of Unload
Subject to Change Without Notice

Corn 2010
Effective October 1, 2009

Storage: 4 cents per month computed by day @ .001315 per day
Shrink: .75% each 1/2% above 15%
Dry Charge:   2.25 cents each 1/2% above 15.1 to 30%
Warehouse Receipt @ 13% moisture
Price Later @ 14% moisture
Cash and Contract @ 15% moisture

Test Weight: 54# and above - no discount
53.9 - 53.0 = 2 cent/bu
52.9 - 52.0 = 4 cents/bu
51.9 - 51.0 = 7 cents/bu
50.9 - 50.0 = 10 cents/bu
49.9 - 49.0 = 15 cents/bu
48.9 - 48.0 = 20 cents/bu
(Subject to rejection under 49#)
47.9 - 47.0 = 25 cents/bu
46.9 - 46.0 = 30 cents/bu
45.9 - 45.0 = 35 cents/bu

Foreign Material: Allowed 3% with no discount
3.1% - 4.0% = 4 cents/bu
4.1% - 5.0% = 8 cents/bu
5.1% - 6.0% = 13 cents/bu
6.1% - 7.0% = 18 cents/bu
7.1% - 8.0% = 23 cents/bu
8.1% - 9.0% = 28 cents/bu
9.1% - 10.0% = 33 cents/bu
(Subject to rejection over 10%)

Damage: Allowed 5% with no discounts
5.1% - 6.0% = 1 cent/bu
6.1% - 7.0% = 2 cents/bu
7.1% - 8.0% = 4 cents/bu
8.1% - 9.0% = 6 cents/bu
9.1% - 10.0% = 8 cents/bu
(Subject to rejection over 10%)

Infested: Live bug or bugs = Subject to rejection
Oders: Musty - 5 cents/bu    Sour - 10 cents/bu
Soybeans
Storage: 6 cents per month, computed by day @ .0019726 cents per day
Delayed Price: 5 cents per month, computed by day @ .0016438 per day

Moisture Discounts: (1.0% of contract price for each 1/2% or fraction at 13.1)(2.0% of contract price each 1/2% or fraction at 15.1%)

13.1 - 13.5     1.00%
13.6 - 14.0     2.00%
14.1 - 14.5     3.00%
14.6 - 15.0     4.00%
15.1 - 15.5     6.00%
15.6 - 16.0     8.00%
16.1 - 16.5   10.00%
16.6 - 17.0   12.00%

Test Weight: 54# and above no discount
53.9# - 53.0# = 1 cent/bu
52.9# - 52.0# = 2 cents/bu
51.9# - 51.0# = 3 cents/bu
50.9# - 50.0# = 4 cents/bu

Foreign Material: Material in excess of 1% shall be deducted from the gross weight. Excess pods, stems or dirt will have an additional charge of 1% for a total of 2% and can be noted & determined at the dump.

Damage: Allowed 2% with no discounts.
2.1% - 2.5% = 2 cents/bu
2.6% - 3.0% = 4 cents/bu
3.1% - 3.5% = 6 cents/bu
3.6% - 4.0% = 8 cents/bu
4.1% - 4.5% = 10 cents/bu
4.6% - 5.0% = 12 cents/bu
Over 8% - Subject to rejection

Heat Damaged: Allowed .2% with no discount.
.3% - .5% = 2 cents/bu
.6% - 1.0% = 5 cents/bu
1.1% - 1.5% = 8 cents/bu

Other discounts: Musty = 5 cents/bu. Sour or heating 10 cents/bu. Excessive pods and stems 1 % of Contract Price. Can be noted & determined at dump. Excessive dirt 2% of Contract Price. Can be noted & determined at dump.