Monsanto Wheat Settlement Update
I posted last week on how the Monsanto GMO wheat settlement for PNW wheat growers might average about 2 cents a bushel. That assumed a payout for all soft white wheat sold in the PNW for that time period. The actual amounts are actually higher based on the date of wheat sales.
For sales between May 30, 2013 and August 1, a farmer will get 12 cents per bushel. From that date until September 30, the payment is 10 cents per bushel. It drops to 8 cents per bushel for sales after that date and by November 30, 2013.
I have eave not confirmed this but based on the settlement amount offered this may be a first-come first-serve item so it likely pays for you to file your claim NOW!
Since I am typing this on my iPad, I am unable to set up a link in this post, but the original post was dated November 21 and can easily be found by going to the blog at www.farmcpatoday.com for those getting this by email.
That post has the details on how to file the claim.
Paul Neiffer
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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