Ken Ripley

It was all wheat when I was out there.

This was the early 90s.

There's an ethanol plant in Richardson, North Dakota.

That's right.

So it just shows you that corn is king everywhere.

There are.

And for the good.

So the big thing that came out of the, I'm going to call it the OB3, the one big beautiful bill, there were changes to our reference prices.

So before we had like 370 on corn and 840 on beans.

So that was the floor.

And now those numbers went higher.

And I apologize, I've got to look at my notes to remember what those numbers all went to.

But corn went up to $4.10 as our floor and $10 on beans, $6.35 on wheat, up from $5.50 on wheat.

But we still have the math in those equations where they look at the Olympic average of the prior five years.

So in effect now our new reference prices for PLC are $4.42 on corn, $10.71 on beans, and $6.35 on wheat.

So

It is, we gain new floors.

That's put more light back on PLC, the price loss coverage.

So that plan is truly a price floor.

We have to fall below that price to get any payment, right?