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Tag Archives grain contracts

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Crops, Machinery, Markets

Cargill, ADM sell GrainBridge to ag software firm Bushel

'Network effect' expected in grains sector

By ,
An online service farmers use to manage grain sales with ADM’s elevators and processing plants across Canada — along with Cargill and ADM elevators in the U.S. — is under new ownership. ADM and Cargill, the two major U.S.-based agribusinesses that set up GrainBridge in 2019, announced Tuesday they’ve sold it to Bushel, a Fargo, […] Read more
Pre-season contracts and changed plans
Columns, Marketing

Pre-season contracts and changed plans

If you’ve changed seeding plans due to spring weather, check your contract obligations

By
So far, 2018 is setting up to be a year of extremes and challenges. There’s been record snow pack in the mountains and a drawn-out winter with excessive snow across the Prairies. Overland flooding across wide areas of the Prairies came during one of the latest springs in years. On April 21, I was in […] Read more
For every specialty crop, there is a special process to becoming a contract grower.
Crops, Features

Lock in sales with a special contract

Looking for a way to differentiate your crop from the rest of the pack?

By
Are you looking for ways to change your marketing situation? Differentiate your product from everything else at the elevator? Signing special contracts with specific companies is one way to do this. Avena Food pays its contact holders premium prices for gluten-free oats. Warburtons, a U.K. bread company, pays premiums for specialty wheat grown by contract holding […] Read more
grain bins surrounded by snow
Columns

Your winter grain marketing plan

Watch the futures spread and the cost of carry to decide when to sell your grain

By
This winter, you should have time to take stock of your grain inventory, update your cost of production numbers and do some math to determine your true break-even costs. Do you have a marketing plan? Are you using it or reviewing it and making changes accordingly? Do you know your quantity and quality of your […] Read more
Dallas Leduc, who farms near Glentworth, Sask., says he hasn’t run into many problems when it comes to meeting contract requirements, although year-to-year price changes can be frustrating.

Crops, Features

The fine print on grain contracts

Lee Hart talks to seven Prairie grain farmers about their experiences 
with grain contracts

By
Grain contracts: they appear to be a necessary part of doing business for most western Canadian farmers, but how many actually read them? The Canadian Canola Growers Association* has published a handy and informative booklet called, “A Practical Guide to Navigate Grain Contracts.” It is a quick and easy, 21-page read which covers many of the […] Read more
Crops, Features

Devil may be in the contract details

A grain contract should work both ways to protect the buyer as well as the seller

By
It may seem like just a lot of fine print, but farmers are urged to read and understand the whole document before finalizing a contract when selling any commodity, says a manager with the Canadian Canola Growers Association (CCGA).* Farmers need to know their rights, and they also need to understand any clauses that may […] Read more
signing a contract
Cereals, Features

Ten things to know about grain contracts

Cheryl Mayer explains 10 steps to better understanding and profiting from your grain contracts

By
In a 2013 study, Jared Carlberg, a professor at the University of Manitoba, found that only 17 per cent of farmers read their entire grain contracts. This matters. How can we know whether or not we’re getting a good deal if we don’t know the details in the documents we’re signing? At a session at […] Read more
grain bins in a wheat field
Cereals, Features, Markets

Relief on delayed delivery grain contracts

But the regulations 
do not state 
the penalty amounts

By
Delayed acceptance of grain contracted for delivery by farmers to grain buyers has become increasingly common. Sometimes the delays beyond the delivery period stated in the contract have been justified. Grain movement delays caused by weather are understandable, but delays of several weeks or months are hard to justify. Grain companies often blame the railways […] Read more

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