A Priced Contract allows the grower to secure a specific price for a predetermined delivery, whether this is at a future date or for an immediate request. 

Under this contract, the grower agrees to provide corn in a specific quantity and quality for a certain delivery period at the cash price determined by the The LifeLine Group’s board price on the day the corn is sold.

A Basis Contract allows the grower to secure a basis now while confirming a future price for another date. 

Under this contract, the grower agrees to provide corn in a specific quantity and quality for a certain delivery period. This basis is secured on the contract at this time. The final price is not determined immediately by securing the futures prices and subtracting/adding the basis value – all of which is indicated on the grower’s contract with The LifeLine Group.

A Delayed Price Contract allows the grower the ability to deliver the corn today and price the product at a future date determined by The LifeLine Group. 

Under this contract, the grower delivers their corn to The LifeLine Group’s St. Joseph location, but the cash price is lower than they want at the given time. This contract allows for growers to deliver their products and hold off on securing a price until the contract expires or prices increase to the grower’s satisfaction.

*Note that the charges under a Delayed Price Contract vary per product and during certain times of the year. These contracts are subject to be ended by The LifeLine Group at any time.