Announcements

Published on: Mar 31, 2025

Madison Office Hours & Feedmill Hours:
(Monday - Friday 8:00 AM - 5:00 PM)

Office: 605-256-4584 | Feed Dept: 605-291-6545
Cullen Wilson, General Manager 

ANNUAL MEETING APRIL 8 @ 6PM - Dakota Prairie Playhouse

Join us for supper & review of 2024 business. Election of 3 Directors will be held.

MADISON BIN 16 CORN FREE PRICE LATER PROGRAM #2405

Madison’s Bin 16 is ready for corn. MFE will be offering LIMITED free price later as bin space allows. 

Effective Friday, February 21^st, 2025

For CORN deliveries to MADISON LOCATION on 2-21-2025 and thereafter there will be FREE PRICE LATER.

• Bushels must be priced by September 25^th, 2025, no later than 12 pm or will be priced automatically.
• Nearby cash price will be used when pricing Price Later CORN.
• Title of CORN passes to MFE at dump pit at time of delivery of Price Later bushels.
• Priced contracts in the delivery period shall be filled first before applying to Price Later
• MFE reserves the right to cancel or postpone or suspend this corn free price later program at any time for any reason.
• Price Later programs on previous deliveries stand as-is. 
• Madison CORN deliveries ONLY on this program (#2405). Ramona CORN deliveries are not included on (#2405) at this time due to limited space at Ramona. 
• See corn discount schedule under the “Contract & Policies” on webpage menu.

RAMONA OLD CROP SOYBEAN FREE PRICE LATER PROGRAM #2404

Effective  2-10-2025

For SOYBEAN deliveries to RAMONA on 2-10-2025 and thereafter there will be FREE PRICE LATER 

• Bushels must be priced by September 25^th, 2025, no later than 12 pm or will be priced automatically.
• Nearby Ramona cash price will be used when pricing Price Later soybeans.
• Title of soybeans passes to MFE at dump pit at time of delivery of Price Later bushels.
• Priced contracts in the delivery period shall be filled first before applying to Price Later
• MFE reserves the right to cancel or postpone or suspend this soybean free PL program at any time for any reason
• Price Later programs on previous deliveries stand as-is. See website for history of this crops Price Later Programs. 
• See soybean discount schedule under the “Contract & Policies” on webpage menu.

OLD CROP SOYBEAN FREE PRICE LATER PROGRAM #2403

Effective January 1-3-2025

For SOYBEAN deliveries to MADISON on 1-3-2025 and thereafter there will be FREE PRICE LATER 

• Bushels must be priced by September 25^th, 2025, no later than 12 pm or will be priced automatically.
• Nearby cash price will be used when pricing Price Later soybeans.
• Title of soybeans passes to MFE at dump pit at time of delivery of Price Later bushels.
• Priced contracts in the delivery period shall be filled first before applying to Price Later
• MFE reserves the right to cancel or postpone or suspend this soybean free PL program at any time for any reason
• Price Later programs on previous deliveries stand as-is. 
• Madison soybean deliveries only on this program. Ramona soybean deliveries not included. Corn deliveries not included in this program. 
• See soybean discount schedule under the “Contract & Policies” on webpage menu.

2024-25 SOYBEAN 90 DAY FREE PRICE LATER PROGRAM #2402

Effective December 2^nd, 2024

MFE has shipped several soybean trains this fall and has soybean bin space to offer free price later on soybeans at Madison: 

For SOYBEAN deliveries to MADISON on 12-2-24 and thereafter there will be FREE PRICE LATER for 90 days from delivery. 

• After 90 days bushels that remain unpriced will be subject 7.5 cent fee per month prorated by the day(.0025 per bushel per day)
• Bushels must be priced by September 25^th, 2025, no later than 12 pm or will be priced automatically.
• Each ticket calculated separately based on delivery date. 
• Nearby cash price will be used when pricing Price Later soybeans.
• Title of soybeans passes to MFE at dump pit at time of delivery of Price Later bushels.
• Priced contracts in the delivery period shall be filled first before applying to Price Later
• MFE reserves the right to cancel or postpone or suspend this soybean free PL program at any time for any reason
• Price Later programs on previous deliveries stand as-is. 
• Madison location only, Ramona not included in this program. 
• See soybean discount schedule under the “Contract & Policies” on webpage menu.

2024 Corn and Soybean Harvest Price Later Program #2401

Effective 9-13-24

Price Later fees are 7.5 cents per month prorated per day (.0025 cents per bushel per day) beginning on loads delivered September 13^th and thereafter for corn and soybeans. 

• No minimum fees or free days. 
• Each ticket is calculated separately based on delivery date.
• Bushels must be priced by September 25^th, 2025, no later than 12 pm or will be priced automatically.
• Nearby cash price will be used when pricing Price Later Corn and Soybeans. 
• Title of grain passes to Madison Farmer’s Elevator at dump pit at time of delivery on Price Later bushels.  
• Priced Contracts in the delivery period shall be filled first before applying to Price Later 
• Transferring corn bushels from Price Later to Grain Bank is NOT allowed because of grain title disposition. Grain bank bushels are required to be used through the feed mill and are not a substitute for Price Later. Grain bank bushels may be restricted if corn space becomes limited. See grain bank policy for details. 
• Price Later program is subject to change and can be limited based on facility bin space and market conditions.
• See updated grain polices and soybean discount schedule under the “Contract & Policies” on webpage menu. Link: Contract and Policies Webpage