Call 1-866-397-6830 Toll Free for questions regarding the procurement policies

General

1. All corn must be sold or pledged to a Credit Sale Contract prior to the first of the month following delivery.
   1. Open (undesignated) corn will be sold on the market close at the end of the month of delivery.
2. Ownership/title of corn will pass to Quad County Corn Processors (QCCP) upon delivery of the corn to QCCP.
3. Payment due on corn received will be made on the Thursday following delivery.
4. Corn is not considered to be applied to a credit sale contract until a signed contract by the producer is on file at QCCP.
5. Corn that is delivered will be first applied to any existing delivery contracts for the period delivered in.  Corn delivered in excess of an existing contract will be sold at the market price applicable to the grade delivered on the date such excess was delivered, unless prior arrangements between buyer and seller have been made.
6. Corn applied to a Price Later/Delayed Price contract will be able to price the corn against the spot market only.  Forward pricing of PL/DP corn is not allowed.
7. Credit Sale contracts will be written for a term not to exceed one year from the date of the contract.
8. Forward priced corn is for a specific delivery period.
9. Due to the nature of processing, QCCP’s ability to receive corn is governed by the daily need for corn, available space, and plant operations.
   

Member Specific

1. Corn may be priced utilizing an Average Price Credit Sale Contract provided the contract is signed prior to the beginning of the pricing trimester.
2. During the first delivery trimester (Sept. 1 – Dec. 31) corn disposition must be determined, and appropriate contracts signed prior to the first of the month following delivery.  
   1. Open (undesignated) corn will be sold on the market close on the first of the month following delivery.
3. During the second delivery trimester (Jan. 1 – Apr. 30) and third delivery trimester (May 1 – Aug. 31) no cost (free) Price Later Credit Sale contract will be available until the end of the trimester.  Corn delivered during these periods must be re-designated (sold, applied to a new price later contract, applied to average price contract, applied to a basis contract) at the end of the trimester.  Corn that is undesignated at the end of the trimester will be sold on the market close at the end of the trimester.
4. Members will receive the Member discount schedule.

Non-Member Specific

1. Average pricing mechanism is not allowed.
2. Non-Members will receive the Non-Member discount schedule.