Grain Originator Position Opening We have an immediate opening for a Grain Originator that would be based out of the Richmond office. The Originator position is a buyer position that will be responsible for purchasing commodities from producers and commercial elevators.
Please send Resume or furter questions to clintb@ray-carroll.com.
Crop Insurance Reminder:
Ray-Carroll Insurance can do Bonds! ______________________________________________________________
10/11- ALL Locations cash or contract on corn and beans. Corn to Carrollton & Brunswick. Beans to Brunswick & Slater.
GRAIN STORAGE & DRYING: - Qualified: 7% of $ paid -Non-Qualified: 0% -Total: 7% of $ paid
INPUTS & SERVICES: - Qualified: 7% of cost -Non-Qualified: 0% -Total: 7% of cost
Checks mailed in December represent 50% of the QUALIFIED patronage dividend. You will pay taxes on the entire Qualified dividend this year. The remaining part of the Qualified dividend will be retained and paid out with all taxes paid in the future. The Non-Qualified portion will all be retained and paid out in the future. You will pay taxes on this portion in the year they are revolved. Currently Ray-Carroll has revolved equity to 2014 and plan to stay within a ten year window.
Patronage Checks Example:
If you sold 100,000 bushels of grain to R-C during the 2023 crop
You will receive a check in December for $8,500 (50% of Qualified), and you will pay taxes on $17,000 this year.
The remaining $8,500 of Qualified Patronage will be retained and should be paid out within 10 years. Taxes are already paid on this amount.
Non-Qualified Patronage is all retained. Your check for $3,300 should be paid out in 10 years. At that time, you will pay the taxes on this amount.
Our plan is to pay the full $20,300 out within a ten year window barring several years of floods/droughts.
$750/ton NH3 would be $52.50/ton patronage. $26.25/ton paid in cash & $26.25/ton retained.
Pays on every acre-$100 seed, $65 ammonia, $75 P&K, $70 chemical = $310 in inputs/ acre pays back $21.70/acre in total patronage.
10/17/24 Corn up 2, Beans up 8, Wheat up 4 Crude Oil-70.63 up .24 US Dollar-103.80 up .21 Dow Jones-43,228.87 up 151.17
Grains were down hard to start the day but rallied back and captured some gains. Beans traded lower with polls saying that Trump is gaining support from swing states but rallied back on short covering. Corn hit harvest hedging but came back in sympathy to the beans and wheat. Wheat was hit by weak Russian values but came back after rain chances were pulled out of the 10 day for the Southern Plains. Brynna
