Crossroads Cooperative Association will strive to provide competitive services and products while operating on a safe, efficient, diversified and profitable basis.
NEBRASKA GRAIN ASSESSMENT CHANGES
The State of Nebraska made changes to rates used for grain assessment charges. Effective October 1, 2012, Nebraska first purchasers of grain will be required to assess the following charges.
Corn Tax: Corn tax is increasing from ¼ cent ($.00250) per bushel to ½ cent ($.005) per bushel.
Ethanol Tax: The ethanol tax on Corn and Grain Sorghum is ending. This is a reduction of $.00875 cents per bushel.
Wheat Tax: The wheat check off is changing from a flat rate of 1-1/4 cents ($.0125) per bushel to a market driven four-tenths percent (.004) of the net market value. The net market value includes any premium and discounts. Following is an example of the change in calculation of the wheat check off:
After careful consideration the Board of Directors of Crossroads
Cooperative Association decided to increase storage rates. Storage
income is key to our ongoing endeavors to upgrade facilities and increase
capacity throughout our organization, helping us better serve our customer
Effective July 1, 2012 the daily storage rate for Crossroads will be
$.0012 per bushel per day. This is an increase of $.0001 per bushel per
day. Bushels in storage prior to July 1, 2012 will accrue at the old rate until
July 1, 2012 and will accrue at the new rate effective July 1, 2012.
Crossroads last storage rate increase was July 1, 2008. Even with
this increase Crossroads is still one of the lower area rates.
We will continue to waive storage if the commodity is sold within the
first 30 days of the average date of delivery. If unsold in that timeframe,
storage will accrue from the average date of delivery.
If you have any questions, please let me know.
An investment in futures contracts is speculative, involves a high degree of risk and is suitable only for persons who can assume the risk of loss in excess of their margin deposits. You should carefully consider whether futures trading is appropriate for you in light of your investment experience, trading objectives,, financial resources, and other relevant circumstances. PAST PERFORMANCES IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.