When you lose sight of the tail lights of the truck hauling your grain....your grain is gone.
With no down payment and only a piece of paper that says 15 or 30 working days to payment (and worst case no viable insurance of any kind)....you are 100% on the hook for the possibility of never seeing a red cent.
And that has happenened in the past...to super smart marketers as well as trusting souls.
It will happen just as infrequently in the future....we can count on it.
In fact when the econony takes a 1929 type stumble again....no one will have 15 or 30 days; to get out without a blood bath.
The grain marketing system remains potentially fatally flawed; and no buyer (with speculative tendencies (or not)); or especially sellers remains immune.
With no down payment and only a piece of paper that says 15 or 30 working days to payment (and worst case no viable insurance of any kind)....you are 100% on the hook for the possibility of never seeing a red cent.
And that has happenened in the past...to super smart marketers as well as trusting souls.
It will happen just as infrequently in the future....we can count on it.
In fact when the econony takes a 1929 type stumble again....no one will have 15 or 30 days; to get out without a blood bath.
The grain marketing system remains potentially fatally flawed; and no buyer (with speculative tendencies (or not)); or especially sellers remains immune.
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