2011 CROP STORAGE RATES AND POLICIES

Corn and Soybean storage rates are as follows:

• Minimum storage charge through March 31^st, 2012 is 20¢ per bushel.
• Storage charge beginning April 1^st, 2012 is 2¢ per bushel per month.

• The monthly fee is calculated and charged on the first day of each month.

• Storage is due and payable at the time of settlement, except that it must be prepaid if grain is placed under government loan.

Shrink and Drying Policies:

• Corn delivered for harvest sale will have a base moisture of 15%.

• Corn delivered to be stored will have a base moisture of 14%.

• Corn shrink is calculated at the rate of 1.4% per 1% of moisture over the base moisture.

• Corn drying charges are 2¢ per bushel for each 1/2% moisture over the base moisture.

• Corn moisture and discounts are calculated separately for each load.

• Drying charges will be billed after harvest and will be due the following January 15th, except for loan corn, which will be due when the warehouse receipt is issued.

• Soybeans will be shrunk to 13% at the rate of 1.15% per 1/2% of moisture over 13%.

• Soybean moisture and discounts are calculated separately for each load. We reserve the right to reject any soybeans having a moisture content over 15%.

Quality Discounts:

• Soybean foreign material over 1% will be deducted from the weight of the affected load.

• Total broken corn and foreign material discount is 1¢ per bushel for each 1% over 3%, up to 7%. Over 7%, the discount is 2¢ per bushel for each 1%

• Corn damage in excess of 5.0% will be discounted 1¢ per bushel for each 1% over 5%.

• Insect infested grain will be discounted 5¢ per bushel on the affected load.

• It is a federal offense to deliver treated grain or seed to our facility!