Dennis O. Fultz and Linda G. Fultz - Page 7

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               Pool corn was corn maintained by MCP and made available for            
          members to use in order to meet their production and delivery               
          obligations under the UMAs.  A member using pool corn completed a           
          “pool corn certificate” which required that member to check a box           
          on the certificate requesting that the obligation be fulfilled              
          through the pool and to charge the member’s account with an                 
          acquisition fee of 5 cents per bushel or the going charge at that           
          time for this service.  Any check that was sent to petitioners              
          would have been offset by whatever charge they had incurred for             
          the pool corn.  The pool corn certificates were sent directly to            
          petitioners, not Fultz Farms.  If Fultz Farms fell short of corn            
          to satisfy petitioners’ obligation to MCP, on some occasions corn           
          was purchased by Fultz Farms from a local elevator in lieu of               
          using pool corn.                                                            
               For 1993, there were no production shortfalls experienced by           
          Fultz Farms in the required bushels to be produced by                       
          petitioners, and no pool corn was purchased by petitioners.  For            
          both 1994 and 1995, there were shortfalls in the required bushels           
          petitioners were to produce, and as a result petitioners had to             
          purchase 89,300 bushels of pool corn in 1994 to supplement the              
          64,191 bushels actually delivered and 28,800 bushels of pool corn           
          to supplement the 15,300 bushels actually delivered in 1995.                
               For all years, processed corn had a higher fair market value           
          than raw corn.                                                              






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