Question: The elevator ( contractor ) will compensate the grower for performing this agreement. The compensation for a load of delivered dried grain shall be the
The elevator contractor will compensate the grower for performing this agreement. The compensation for a load of delivered dried grain shall be the elevator cash price for US no Yellow corn on the day of delivery, less any discounts, plus a premium based upon the oil content times the total number of net bushels accepted for delivery. The premium will be determined as follows:
tableLess than oil,$ oil,$ oil,$ oil,$ oil,$
The contract terms above reflect a:
Marketing contract ; fixed price
Production contract ; absolute performance
Marketing contract ; formula price
Production contract ; relative performance
Marketing contract ; cost plus
Marketing contract; window price
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