Farm Service Elevator Co.

Corn Discount Schedule  Effective 2/20/09

Moisture

Test Weight

Discount

Percent

Discount

Percent

Discount

Per Bushel

BCFM

Per bushel

Damage

Per Bushel

See

54.0 plus

0

under 4

0

under 5    Mill or Terminal

0

Drying

53.9-53.0

.02

4.1-5.0

.01

5.1-6.0         Mill or Terminal

.01

and

52.9-52.0

.04

5.1-6.0

.02

6.1-7.0        Mill or Terminal

.02

Shrink

51.9-51.0

.06

6.1-7.0

.03

7.1-8.0        Mill or Terminal

.04

Chart

50.9-50.0

.08

7.1-8.0

.04

8.1-9.0        Mill or Terminal

.06

49.9-49.0

.11

8.1-9.0

.05

9.1-10.0        Mill or Terminal

.08

48.9-48.0

.14

9.1-10.0

.06

10.1-11.0     Terminal only

.10

*Below 48.0 # subject to rejection. See note below.

+ .11 / bu. for each Lb. below 48

10.1-11.0

11.0-12.0

.08

.10

11.1-12.0      Terminal only

.12

12.1-13.0

.12

12.1-13.0     Terminal only

.14

13.1-14.0

.14

13.1-14.0      Terminal only

.16

14.1-15.0

.16

14.1-15.0       Terminal only

.18

Over 15% FM is Subject to rejection or .05 / point discount over 15%

Over 15% Damage is subject to rejection

* Corn under 48# TW

Corn under 48 # test weight, if taken will be binned (dependant on space) as corn screenings and purchased as corn subject to the prevailing discount schedule above.

Damage

15% maximum, over 15% subject to rejection (could be bought as corn screenings upon approval of Gary and Customer)

Heat Damage

.2% allowed, over .2% subject to 2 cents each 1/10% thereof. 1% max, over 1 % subject to rejection

Heating, Musty, Buggy

Subject to rejection or 10 cent per bushel discount if unloaded.

Sour

Subject to rejection or 10 cent  per bushel discount if unloaded

Cofo

Commercially objectionable foreign odor, 10 cent discount or subject to rejection.

DLQ

Distinctly low quality, subject to rejection or  10-cent discount if unloaded.

Rodent Pellets

Subject to rejection. Discounted 10 cents per bushel per load affected if taken.

Other than broken corn

If it exceeds ½% , subject to 4 cent discount or rejection

Non uniformity

Loads that have not been blended uniformly are subject to rejection. Any loads that are spiked, plugged or layered will be subject to rejection.

Averaging

We are not averaging any grade factors

Each load must show a disposition of one of the following: Contract, Spot Sale, Condo Storage,

SUBJECT TO CHANGE AT ANY TIME