Each year, FarmerJoe grows and owns and
stores his harvested wheat in his bins.
Presently, when he sells the wheat to the
elevator, with the condition of paying
demmurage, he keeps possession of the wheat
in his bin, but loses ownership of his wheat.
This kind of contract is really a legal transfer of
ownership of the wheat from the farmer to the
grain company, with no ownership-responsibility
by the new owner.
The contract places all liabilities with no benefits
on the farmer.
A new, legal contract should created for all the
FarmerJoes with a contract lawyer detailing
exactly the moment when FarmerJoe sheds his
ownership-responsibilities.
When FarmerJoe sells his wheat to the elevator,
it must be with the condition that the elevator
pays demurrage on the grain they bought and
now own.
If FarmerJoe keeps possession of the wheat in
his bin, he will be paid storage charges by the
new owner of the wheat FarmerJoe no longer
owns.
A well-designed contract provides farmers with
price-discovery
Both private and commercial trucking rates for
each prairie province, for farmer to elevator
shipping, could be published each year to
provide transparency for priced grain, and
adjusted for inflation, similar to provincial rates.
Or, alternatley, the contract could price the grain
directly at the farm gate, as do organics.
Defining ownership and possession is key to
writing a new contract. Pars
stores his harvested wheat in his bins.
Presently, when he sells the wheat to the
elevator, with the condition of paying
demmurage, he keeps possession of the wheat
in his bin, but loses ownership of his wheat.
This kind of contract is really a legal transfer of
ownership of the wheat from the farmer to the
grain company, with no ownership-responsibility
by the new owner.
The contract places all liabilities with no benefits
on the farmer.
A new, legal contract should created for all the
FarmerJoes with a contract lawyer detailing
exactly the moment when FarmerJoe sheds his
ownership-responsibilities.
When FarmerJoe sells his wheat to the elevator,
it must be with the condition that the elevator
pays demurrage on the grain they bought and
now own.
If FarmerJoe keeps possession of the wheat in
his bin, he will be paid storage charges by the
new owner of the wheat FarmerJoe no longer
owns.
A well-designed contract provides farmers with
price-discovery
Both private and commercial trucking rates for
each prairie province, for farmer to elevator
shipping, could be published each year to
provide transparency for priced grain, and
adjusted for inflation, similar to provincial rates.
Or, alternatley, the contract could price the grain
directly at the farm gate, as do organics.
Defining ownership and possession is key to
writing a new contract. Pars