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A pool system is available to assist members to meet their corn delivery obligations to GLCP/GLE. A pool system is intended to provide a centralized corn supply for those members who will not be actually delivering their committed bushels for basis and transportation considerations. The member meets its delivery obligations to GLCP/GLE by directing the pool to procure on the member’s behalf and to deliver the corn delivered pursuant to the pool. In this way, the pool is acting as the agent of the member to procure corn on the member’s behalf. The pool fee for fiscal year 2007 has been established at $0.01 per bushel committed.
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