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Honored Advisor
Posts: 5,643
Registered: ‎01-10-2012

Tid bits

 My adaptation to the 199a rules.

 

Went coop shopping, Heartland Coop west des Moines has a new $100 member.

 

Been selling corn through them on a direct ship basis. They are passing the posted price of whatever entity I choose directly on to me. No  charges or deductions. They are hoping most will do some kind of hedging or hta, options strategies or something of the sort. Not a requirement.

 

Same thing on beans.  I vote to leave the 199a alone with this kind of deal.

The e plant, crusher, or train loader can still get my grain at their bid price, I get Fed tax free income. Assuming I make some money...

 

Takes couple more days to receive payment. Their reach is the whole state of Iowa at least.

Contributor
Posts: 14
Registered: ‎05-15-2010
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Re: Tid bits

Good deal.  I need to check and see if we can do that here in Ohio.