Method A Incentive Doubles to $0.10/bushel for 2023

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At their December Meeting, the Board of Directors decided to double the Method A Incentive payment for deliveries to the plant from $0.05 to $0.10/bushel for 2023.  This is the incentive provided to members who patronize the plant by delivering corn directly to the plant either by themselves or through an affiliated party.

As a result of this decision, GGC members will be given an extended period of time to change their pool election for 2023.

Given this new information, members who may want to change their delivery method may submit a new Annual Delivery Election form.  Members who no longer have their election form, may contact the office (701-281-0468 or scotts@goldengrowers.com) for a replacement or they may download a form from the GGC Website here.  Only members who intended to change their delivery method for 2023 needed to respond.

Because this information has come so late in the year, GGC will allow a member to change their election through the end of March 2023.  After that deadline, GGC will not able to change a member’s delivery obligation for the year.

Note: If a member changes from Method B to Method A from January through March, any corn delivered prior to the changes may not be able to be assigned to the delivery agreement.  Therefore, if a member would like to delivery Method A for 2023, it would be best to submit a new Annual Delivery Agreement prior to any deliveries.

A REMINDER: Method A Pool Participants have Delivery Choices
Provisions of GGC’s Grain Services agreement with Cargill allows members to complete their deliveries through affiliated persons who: 1) Have a familial relationship to the Member; 2) Own or control more than 50% or has management rights over the Member; 3) Shares farming resources with the Member; 4) Are an entity in which 50% ownership is by an immediate family member(s) of the Member; OR Rents land from the Member on which the crop is produced (Tenant). Cargill may pay Affiliated Persons directly for corn delivered on behalf of the Method A member. Incentive payments will be issued to the Method A member, however.