Corn Receiving Hours Wk of 10/2

Monday - Friday | 7:00am to 4:00pm

Saturday:  7:00am to 4:00pm

Sunday:  8:00am to 3:00pm

Hours will be extended as needed. 

Office Hours

Monday - Friday | 8:00am to 4:30pm
Contact us at 320-843-4813

Members are the heartbeat of every cooperative.

Our first members started the Chippewa Valley Agrafuels Cooperative (CVAC) over 25 years ago. Here, members can find multiple resources on delivery schedules, shareholder meetings, pricing, futures, industry trends and more.

Shareholder Meetings

The CVAC Annual Meeting will be held on January 23, 2024.

The Shareholder Informational Meeting is set for: Thursday, September 7, 2023 at 9:00 a.m. at McKinneys on Southside, Benson, MN

Current Trimester Price

The 1st Trimester Corn Advance Price for FY2024 is $3.85/bushel, plus freight and time equalization.

Delivery Options

  • Share ownership in CVAC comes with an obligation to deliver one bushel of corn to Chippewa Valley Ethanol Company (CVEC) for every one share owned, each fiscal year. Fiscal years run from October 1 to September 30.  While share ownership requires corn delivery, a shareholder maintains control over how and when to market their corn to the cooperative. CVAC provides the flexibility to tailor a marketing plan to fit your individual needs, allowing share ownership to seamlessly integrate into your farming operation.
  • Shareholders can choose to deliver under the Flexible Pricing option, the Area Average Pricing option, or a combination of both. Regardless of the pricing option that you choose, all bushels delivered against your shareholder delivery commitment receive a freight premium and shares are eligible for any distributions declared by CVEC.

Under the Flexible Pricing option, for every share that you have enrolled, you must market a bushel of corn to CVEC on the open market for the delivery period(s) of your choice, by whatever pricing mechanism(s) you choose (i.e., cash sale, basis only, HTA), within each fiscal year. In addition to the contract price that you establish, you will also receive a freight premium based on CVAC’s freight schedule.  The Flexible Pricing option must be opted into by the individual shareholder, otherwise pricing and delivery will default to the Area Average Pricing and delivery structure.

The Area Average Pricing structure offers an average cash price based on almost two dozen area elevators and end user bids. This provides a competitive price based on local cash corn values and exposure to both processing and export markets. Bushels enrolled in the Area Average pricing are called for delivery and average-priced in three separate installments (trimesters) throughout the fiscal year. Upon delivery, a shareholder receives a predetermined advance price along with their Freight Premium. At the end of each trimester, each shareholder will receive a true-up payment equal to the difference between the Area Average and the advance price.

Delivery Schedule

1st Trimester:  October 1st – January 31st
2nd Trimester:  February 1st – May 31st
3rd Trimester:  June 1st – September 30th

FISCAL YEAR 2023/2024
1st Trimester L
2nd Trimester C
3rd Trimester T
FISCAL YEAR 2025/2026
1st Trimester E
2nd Trimester V
3rd Trimester N
FISCAL YEAR 2024/2025
1st Trimester U
2nd Trimester M
3rd Trimester D
FISCAL YEAR 2026/2027
1st Trimester O
2nd Trimester F
3rd Trimester W

Freight Premium

In addition to the contract price established, each bushel delivered against your shareholder delivery commitment will receive a Freight Premium.

0-10 $0.05
11-15 $0.08
16-20 $0.09
21-27 $0.10
28-33 $0.11
34-47 $0.13
48-60 $0.15
61-68+ $0.17

If a shareholder does not meet the above stated delivery requirements CVAC will proceed as follows:

CVAC will purchase the required bushels for the shareholder and will invoice the shareholder the purchase price plus ten percent per bushel. (If the shareholder made partial delivery on his corn the invoiced amount will be deducted from his corn check).

There will be no interest, storage, freight, and price adjustment or distribution payments to shareholders on corn purchased for them by CVAC.

If the shareholder fails to pay for corn purchased for them by CVAC, the balance will remain on account with interest being charged monthly at the current allowable rate until the balance is greater than the par value on the shares at which time the shareholder’s membership in the Cooperative will be terminated.

The members of the cooperative shall have the right to deliver on the open delivery policy by contacting CVAC a minimum of two weeks before the desired delivery week. The CVAC office will then send out delivery notices to shareholders in the predetermined alphabetical order to fill the balance of the weekly needs two weeks prior to the delivery week. One week after the end of the scheduled delivery period a second notice will be sent by registered mail which will inform the shareholder that they have one week to deliver or CVAC will purchase the corn for them.

Shareholders will have one week to deliver their corn if they own less than 50,000 shares. Shareholders will have two weeks to deliver their corn if they own more than 50,000 shares.

Coop Shares

View shares listed and shares sold.