| Delivery Periods |
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Trimester 1 - 10/01/07 - 01/31/08 |
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Trimester 2 - 02/01/08 - 05/31/08 |
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Trimester 3 - 06/01/08 - 09/30/08 |
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| As in the past, shareholders will be required to deliver one third of their annual commitment each trimester. |
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| Shareholders will have the entire 4 month trimester to full-fill their trimester commitment (either by delivery, buying, or enrolling in the auto-voucher program). |
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| Delivery reminder notices will no longer be mailed to shareholders. |
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| Shareholders Delivering Corn |
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| Shareholders may begin delivering corn the 1st business day of the trimester. |
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| Commitment must be delivered in full on or before the last business day of the trimester or late fees will apply. |
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| Standard corn grading & drying fee schedules apply to all deliveries. |
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| Loads will be graded individually. Loads will not be averaged. |
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| Shareholder must notify Business Office to transfer bushels from Open Store; Bushels will not automatically be transferred at the beginning of each trimester. |
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| Shareholders will be charged storage on all bushels on Open Store. |
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| No payments will be issued until full trimester commitment is received / purchased in full. |
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| Payments will be mailed within 10 business days upon receipt of final load completing trimester commitment. |
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| Shareholders Purchasing Corn - Voucher |
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| Shareholder may begin purchasing their corn the 1st business day of the trimester. |
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| Final purchase should be made by the 15th of the last month of the trimester (Jan 15, May 15, Sept 15). |
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| Shareholders may break-up their corn purchases throughout the trimester. |
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| Incremental purchases must be a minimum of 500 bushels or 10% of trimester commitment, whichever is greater. |
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| Shareholder voucher purchases may be completed and authorized through our Buffalo Lake office in person or over the phone. |
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| Price equals Buffalo Lake board price plus $.03. |
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| When final voucher for trimester commitment is authorized, MNE will apply MNE trimester corn payment to account and issue a statement within 10 business days. |
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If there is a balance due to the shareholder, a check will be issued and included with statement. |
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If there is a balance due to MNE, payment in full must be received on or before the last business day of trimester or late fees will apply. |
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| No payments will be issued until full trimester commitment is purchased / received in full. |
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| Annual Auto-Voucher Program |
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| Each year, enrollment forms must be completed before the beginning of the fiscal year (October 1). |
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| Enrollment in this program is an annual commitment for a shareholder's entire Minnesota Energy delivery requirement (total shares owned). |
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| Shareholders must enroll all of their ownership into the Auto-Voucher Program. |
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| Completed forms must be received in the Buffalo Lake business office by Oct 1st; |