We are now offering extended price contracts for this fall. These contracts will be ideal for producers who need additional cash flow. Please contact Shay or Justin for further details or if you wish to participate in this program.
Overview of Extended Price Contracts
Establishes (locks-in) a basis level in advance of actual cash sale
- Only the basis level is locked in
- Price level is derived from a futures price at a time the seller chooses
- Pricing must occur before the specific futures contract expires
- Advance payment (70%) of the cash value today
- Elevator charges the producer a fee