Seller Beware

[sumdumguy]

How many on here have heard about big price offers for Lentils, Canaryseed ? One load of Lentils(100,000 lb.) is $60,000. Yep, they are being “offered” but who are these companies? Are they licensed and bonded? What are the terms as in payment terms? Do you know these people? Will the broker make sure you are paid? Are plants working for unlicensed companies? Trucker drives into the yard, loads up your grain, you have no weights, no grade, no idea who took it.

Just Sayin “Seller, get all details in writing before committing to delivery or allowing them to take it off your farm.”

[Guest]

Good advice SDG, guys have stolen shit a lot harder than this would take , big $ involved even if they are Trudeau bucks
Canary trading at $.55
BW is gonna get his $.60 yet

[blackpowder]

How many on here have heard about big price offers for Lentils, Canaryseed ? One load of Lentils(100,000 lb.) is $60,000. Yep, they are being “offered” but who are these companies? Are they licensed and bonded? What are the terms as in payment terms? Do you know these people? Will the broker make sure you are paid? Are plants working for unlicensed companies? Trucker drives into the yard, loads up your grain, you have no weights, no grade, no idea who took it.

Just Sayin “Seller, get all details in writing before committing to delivery or allowing them to take it off your farm.”

Timely reminder as it has happened in the past. Strange things happen when people arent getting paid. The last weeks of WA Grain the most recent example.

[Taiga]

And most brokers want truckers to use ‘blind bills’ so the farmer doesn’t know where his grain is going (presumably to prevent the farmer from marketing directly to the customer in the future). I never thought that was right. But broker should be on the hook then.

[sumdumguy]

Once upon a time, a long time ago a broker tried that with us.

[the big wheel]

Good advice SDG, guys have stolen shit a lot harder than this would take , big $ involved even if they are Trudeau bucks
Canary trading at $.55
BW is gonna get his $.60 yet

Already did my friend!!!!

[sumdumguy]

Friend who owns an utility sales shop got a phone call and the guy needs a generator. Ok, got one for cost of $2300 so agreement is made and buyer gives his credit card information. Buyer says, “My dad will be in later today to pick it up.” An older fellow appears, loads it up and drives away. Two months later my friend notices that the $2300 was taken back out of his account because the charges were reversed. Seems buyer says he never purchased said generator. Many shysters out there.

[the big wheel]

If governments want to help our industry
One way would be setting up some sort of
Clearing house where buyers have to put
Money into to purchase no money no purchase.
If lines of credit are needed then fcc etc. If
They are credible they qualify farmers then
Covered.

[sumdumguy]

I agree Big Wheel, I am not one for government being over-bearing but there is a reason for licensing and bonding. And “full disclosure” before any contract is valid.

[helmsdale]

And most brokers want truckers to use ‘blind bills’ so the farmer doesn’t know where his grain is going (presumably to prevent the farmer from marketing directly to the customer in the future). I never thought that was right. But broker should be on the hook then.

When I hauled commercial I HATED blind billing... If the farmer asked, I had no qualms about telling them exactly where it was going. I figured there was a certain level of trust that was expected (lord knows I would demand the same), and if a trucker told me, "I can't tell you, because it's a blind bill," I'd have ever so politely told them to roll their tarps back closed and leave the property.

Best I've seen yet, was a farmer that made us sign a document that said if tarp/gate seals could not be breached until a picture was taken of them intact, over the pit, with signatures of driver, producer, and buyer all signing off on intact seals, that we were liable for the entirety of the load. Said picture had to be texted back to the producer, and seals were not to be breached until an "ok" was given in reply.

[sumdumguy]

In our experience, and we’ve been burnt in the last 33 years, the buck stops at the seller, everyone else dances when you sign agreements and agency agreements. Every day some flim-flam outfit is wanting product, on terms. Bye Guys! I live and love this industry, been here from the start, but hate to see farmers exposing themselves to possible defaults.

[dave4441]

In our experience, and we’ve been burnt in the last 33 years, the buck stops at the seller, everyone else dances when you sign agreements and agency agreements. Every day some flim-flam outfit is wanting product, on terms. Bye Guys! I live and love this industry, been here from the start, but hate to see farmers exposing themselves to possible defaults.

But look at the American companies, Colombia Grain and Anchor. Buying all sorts of product in Canada, no bond with CGC, and no one cares. I suspect the industry reverts back towards no bond with CGC.

[Rareearth]

Good comments Dave.

American companies, and probably more Canadian, i suspect will build more facilities close to our 49th parallel. Set up in Minot, or other towns and cities in close proximity.

Damn i hate getting out competed, i suspect it will be like the meat packing industries and others, plus government taxation - carbon etc.

Etc

[sumdumguy]

But look at the American companies, Colombia Grain and Anchor. Buying all sorts of product in Canada, no bond with CGC, and no one cares. I suspect the industry reverts back towards no bond with CGC.

Tell me Dave, how do these guys buy in Canada? What facilities would I haul to? Fill me in.

[dave4441]

Tell me Dave, how do these guys buy in Canada? What facilities would I haul to? Fill me in.

Hauled straight into USA on truck. No facilities needed. No CGC bond needed either.