Contracts
  • TARGET PRICE OFFERS:  A target price offer is an offer to buy or sell grain at a set price and delivery period.  This offer can be changed or cancelled any time prior to being filled.  These offers can be put in for any future delivery period, even for next year’s crop.  This is an excellent, pro-active way to market your grain.   There are no charges or fees to enter a Target Price Offer.  
  • PURCHASE CONTRACT:  A purchase contract is a standard contract where the producer sells a specified number of bushels for a specified delivery period.  It can be used for current or future deliveries.  There are no charges or fees for a purchase contract.  
  • PRICE LATER CONTRACT:  A price later contract is an excellent alternative to storage.  It allows a producer to deliver grain at harvest or any other time without locking in a price.  This could allow the producer to defer income to the next year as well as benefit from the potential of higher prices after harvest.  The ownership of the grain changes to the elevator at delivery and typically there is a fee with this type of contract.  However, this fee is likely to be less than a storage fee.
  • MINIMUM PRICE CONTRACT: A minimum price contract can be an excellent way for a producer to gain from an increase in price.  A fee is paid (premium for an option) and the producer benefits from any price increase within the chosen timeframe.  There are no additional costs and the price received can never go lower.   The producer gets paid the minimum price up front which can ease cash flow and save on interest costs.  
Other types of contracts can be accommodated if a producer has a need or desire for them.  Please call if this is the case.