Agricultural Extension Service, South Dakota State College
How Good a Crib Is Needed To Get a Com Loan? Corn stored in any crib which meets the requirements of floors, roofs and width for the county in which it is stored; will be approved for commodity credit loan at 90% of parity or approximately $1.34 to $1.40 a bushel. (see map on page 1.) However no matter how good the crib is, if the corn at the time it is delivered to the Commodity Credit Corporation, does not grade Number 3 or better, it will be the farmer's loss. The same is true of purchase agreements. When delivery time comes, you will be required to deliver Number 3 corn or better or pay the difference. It, therefore, is to your interest to build a crib which will keep corn in good condition.
Agricultural Extension Service, South Dakota State College, "Cribbing Corn to Meet Credit Commodity Corporation Loan Requirements" (1948). SDSU Extension Circulars. 524.