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"Event of Delay"

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  • macdon02
    Senior Member
    • Sep 2007
    • 1858
    #1

    "Event of Delay"

    Looks like the grain cos just dodged all the fancy wording they were required to add to our contracts back in 2014 after the last rail strike. Unless im understanding this wrong those penalties we would of collected are now off the table. Surprise!
    Tags: None
    • farmaholic
      Senior Member
      • Sep 2010
      • 17482
      #2
      Until there is a room full of GrainCo Reps and REAL farm representatives mediated by a non-biased third party negotiating an Industry standard grain contract......don't expect a fair contract when there is only input from one party.

      How much input to the terms and conditions did you have in the contracts you sign?

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        • helmsdale
          Senior Member
          • Nov 2014
          • 2127
          #3
          Originally posted by farmaholic View Post
          Until there is a room full of GrainCo Reps and REAL farm representatives mediated by a non-biased third party negotiating an Industry standard grain contract......don't expect a fair contract when there is only input from one party.

          How much input to the terms and conditions did you have in the contracts you sign?
          Grain Merchant:"You want to deliver here? Perfect... Sign Here, Here, and initial here."

          Farmer:"Whats all this fine print?"

          Grain Merchant in his head:"haha, it leaves our ass covered, and yours potentially a gaping wound depending on how we feel at time of delivery"

          Grain Merchant out loud:"Not much, just your old standard delivery contract"

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            • walterm
              Senior Member
              • Oct 2003
              • 333
              #4
              Originally posted by farmaholic View Post
              Until there is a room full of GrainCo Reps and REAL farm representatives mediated by a non-biased third party negotiating an Industry standard grain contract......don't expect a fair contract when there is only input from one party.

              How much input to the terms and conditions did you have in the contracts you sign?

              That's what is nice about cattle auctions. Cattle go to one place and buyers compete to buy.

                Comment

                • grassfarmer
                  Senior Member
                  • Jul 2002
                  • 9734
                  #5
                  Originally posted by walterm View Post
                  That's what is nice about cattle auctions. Cattle go to one place and buyers compete to buy.
                  Haha - that's just for feeder cattle with "farmers" (feedlot owners) doing the competing. There is less competition to buy fat cattle than there are buyers for grain/canola etc. All in secret with the captive supply arrangements and no mandatory public price reporting.

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                    • shtferbrains
                      Senior Member
                      • Jun 2017
                      • 5233
                      #6
                      Originally posted by walterm View Post
                      That's what is nice about cattle auctions. Cattle go to one place and buyers compete to buy.
                      I think I saw that happen a few times when prices were rocketing.

                      Most of the time it just looks like a bunch of wore out actors playing the same scene over and over.

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