Stock Calculation

Stock purchases are based on the total nitrogen (NH₃ equivalent) a grower uses during a one year period. To calculate your nitrogen use, multiply your total tons of product (listed on the Rebatable Product List enclosed) by the NH₃ percentage, or you can use the table below:

Cropland acres:
Multiply by lbs N per acre:				= Total lbs N per year
Divide by 1640 (lbs N per ton NH₃):				= Total tons NH₃ equivalent
Number of Shares Needed:

Formula: Divide total tons NH₃ by 0.15 (entitlement per share) will equal shares needed.

Payment Calculation

Subscribers may pay for their shares in cash at $20.00 per share or they may elect to pay 25% down in cash with the balance payable in three (3) annual installments including interest at seven (7%) percent.

The dollar factors shown below will remain the same regardless of the number of shares being purchased. Interest is included for determining both the amount of the note and the annual payment.

Down Payment:	shares at $ 5.00 per share	= $
Amount of Note:	shares at $17.10 per share	= $
Annual Payment:	shares at $ 5.70 per share	= $

EXAMPLE:		Based on last 6 year returns:
		Shares x 0.15 =				tons of NH₃ equivalent

	Tons	Rate Per Ton		Rebate
2010 =		x $48.20 =	$
2009 =		x $65.95 =	$
2008 =		x $43.22 =	$
2007 =		x $39.09 =	$
2006 =		x $27.50 =	$
2005 =		x $23.50 =	$

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