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Latest Australian Wheat Board Product

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  • malleefarmer
    Senior Member
    • Nov 2005
    • 5424

    Latest Australian Wheat Board Product

    Early Commitment Program participants have the opportunity to apply for a Production Advanceâ„¢ of $80 per tonne (ex- GST) which, if approved, gives you valuable cash flow ahead of harvest when cash reserves are traditionally low. You can also apply at any time up until November.

    Production Advance Benefits:
    Cash Flow: Provides you access to a cash advance in respect of grain you are committed to deliver to the AWB Managed Program at harvest.
    Simplicity: Flat fee of $2.75 per m/t for applications in September 2014 and no application fees apply.
    Product Support: Through our national network of farm marketers and the AWB grower service centre to assist you at every stage of the Production Advanceâ„¢ program.
  • malleefarmer
    Senior Member
    • Nov 2005
    • 5424

    #2
    How to Access the Program
    • You contract grain into an AWB commitment tonnage contract.
    • You complete a ‘Production Advance™ Application’. Click on image to download form. Eligibility criteria apply.

    The information you provide is then subject to a review. If you are successful you will be issued with a letter of offer which will specify the Production Advanceâ„¢ rate, the amount applicable to each of your commitment tonnage contracts and the terms and conditions of the offer.

    For further details regarding eligibility into the Production Advanceâ„¢ program visit: www.awb.com.au.




    What else you need to know
    • You must have entered into a pre-harvest Commitment tonnage contract with AWB for a minimum of 100mt.
    • Your total pre-harvest wheat commitments should represent 50% or less of your forecast production for the 2014/15 season.
    • The Production Advance™ payment is to be applied by you wholly or predominantly for the purposes of enabling you to produce the grain, the subject of your Season Starter™ Pool contracts.
    • You must meet certain financial eligibility requirements which we determine at our discretion from time to time.
    • AWB reserves the right to consider any information it considers relevant to the application and, may in its absolute discretion approve or reject a Production Advance™ application and determine the amount per tonne of the Production Advance™ amount to be offered to a successful applicant.
    • AWB reserves the right to close the applications at anytime.

    Comment

    • Hopperbin
      Senior Member
      • Dec 2007
      • 6562

      #3
      Can a canadian bloke sign up some acres?

      Comment

      • bucket
        Senior Member
        • Jan 2008
        • 17033

        #4
        The cwb will follow.

        Comment

        • bucket
          Senior Member
          • Jan 2008
          • 17033

          #5
          Nope. Called a real estate guy the other day to see if the land market is still strong.

          The BTOs will work the system with 10 numbered companies just the way trump does.

          Comment

          • Klause
            Senior Member
            • Sep 2010
            • 3644

            #6
            Are you west of Biggar ???? Saw lightning out there this evening spraying out west of stoon

            Comment

            • Hopperbin
              Senior Member
              • Dec 2007
              • 6562

              #7
              Well the smart land owner will get bto to rent. Cash up front.

              Comment

              • malleefarmer
                Senior Member
                • Nov 2005
                • 5424

                #8
                since losing single desk they became super competitive company , now Cargill owns them they have even more products suggest they kept 20% of market share and now with cargills maybe 35%

                A ex director from awb told me "at times single desk was a ball and chain especially in falling markets"

                Comment

                • furrowtickler
                  Senior Member
                  • Dec 2004
                  • 22076

                  #9
                  There was a ton of lightning all around here last night - heavy rains south of town and north west of here

                  Comment

                  • ColevilleH2S
                    Senior Member
                    • May 2007
                    • 1652

                    #10
                    Innovative marketing! But with the Canadian Canola Growers cash advance program avaliable, which does not tie you to selling to anyone in particular. I can't see how it would be of any interest to the majority of growers in western Canada.

                    Comment

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