SOP Exhibits
Title
:
Sample for PIK of Individual Farmer
SOP Number :
GM-GO15
ANNEX B
Sample for PIK of Individual Farmer
A farmer delivered 1,050 net kilogram of corn with 93% purity and 14% MC (.95 ENW factor).
Basic Cost (basic cost *ENW factor) P 5.985.
Drying Incentive 157.5
Delivery Incentive 105.
====
6.247.50
Total Cost
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Step 1
-
Conversion of palay deliveries to equivalent number of bags of fertilizer
= Total cost of palay/corn deliveries/USP of Fertilizer
= P 6,247.50/ P280.
= 22.31 ba
gs of fertilizer
Step 2 -
Computation of Cash Paym
ent
*Round off a fraction of one (1) bag to one one whole bag of fertilizer and the buyer shall have to play in cash the excess fraction not covered by the palay corn deliveries.
= 22.31 bags or 23 bags
Cash Payment for the excess fraction
= 1 bag - resulting fraction *USP of Fertilizer
= 1 bag - .31 bags * P280.00
= .69 bags of fertilizer * P280
= P 193.20
RECAP:
Fertilizer Corn Delivery/Cash*
P 22,31 bags = P 6.247.50
,69 bags 193.20*
___________ _________
P 23 bags 6.440.70
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