Pre-Paid accounts

[farmaholic]

We do that with one Company with Anhydrous at Xmas and yea its a little Risky when your handing over a check for that big amount and have nothing to take home till spring. It's a gas. Maybe like the days before viagra went down one guy went with his semi and cleaned out there chemical shed hours before.

How about a 10% non refundable deposit(if you cancel your order)? Who buys for tax purposes anymore?
So you can keep your $250K for six more months and earn paltry interest on it instead of bankrolling input suppliers and fertilizer, chemical and seed manufacturers....

[bigzee]

Had a retailer call me last Sept with a “deal” on canola seed, I LMAO. Book and pay by month end and save “X” number of dollars per bag, Oct 1 prices go up. Book canola seed in Sept for May, hmmmmm guess what I did??
Calls back two wks later explaining Bayers BIG canola seed promotion. Book your seed, no payments no interest till Sept 30, 2019, one catch ... the price per bag went up and extra $20 to compensate the interest. Hmmmmmm guess what i did? Last I looked in my shed don’t seed any bags. FN JOKE!!

[Misterjade9]

Farmaholic, you do have someone to do that, the CCGA advance, get the money before the crop even comes out of the ground.

[farmaholic]

Farmaholic, you do have someone to do that, the CCGA advance, get the money before the crop even comes out of the ground.

Never thought of it that way. But no buyer is paying me in advance.

[bucket]

Never thought of it that way. But no buyer is paying me in advance.

Some people don't know that the CCGA cumulative data is given to the graincos so they have better market info than anyone else...as to what to pay for grain...its insider info...But WTF do I know...