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3 weeks industry standard to wait for a cheque?

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    #16
    Originally posted by farmboy44 View Post
    you know as good as I do cost of freight is always on us! $60/mt rail freight + $20?? ocean etc costs add up to get it to a processor overseas for the line companies. If its processed on site the freight costs are zero (end user pays for product out)... Line companies model isnt built for specialty crops
    So it still begs the question. ...why do they not have the ability to pay at scale?

    Isn't that what the CGC bonds are for to ensure?

    Comment


      #17
      One would think the GrainCos have higher cost of operating, in general, than a crusher.

      They have the inland terminals - cost of upkeep, cost of running, plus staffing; then they have the ports - all the same stuff; then they have demurrage costs that can build up, fines, products that don’t meet sale specs, etc.

      Why wouldn’t they try to get the product cheaper whenever they can to help offset their outflow.

      A crusher in comparison generally only has a handful of locations to support and very little logistically that could screw them over.

      Comment


        #18
        Originally posted by farmboy44 View Post
        you know as good as I do cost of freight is always on us! $60/mt rail freight + $20?? ocean etc costs add up to get it to a processor overseas for the line companies. If its processed on site the freight costs are zero (end user pays for product out)... Line companies model isnt built for specialty crops
        How many times does the purchase at rhe inland terminal go to a processor? Oh wait we don’t know because there is no reporting as such.
        Kinda like feed barley bought that ends up malt in China? It was malt when it was bought

        Freight should have no bearing on price difference other than rhe screenings stay here.
        It all gets shipped out and the same people pay the freight

        Comment


          #19
          they do it because they can
          tweety has it right

          Comment


            #20
            Originally posted by caseih View Post
            they do it because they can
            tweety has it right
            Did we just right here witness the fulfillment of the proverbial crystallization of the surface of a vast sea of boiling brimstone?

            Comment


              #21
              They do it because they can because people keep selling to them. Plain and simple. Don't like the terms, let them starve and change them. But no one has ever really let them starve until notification comes that they're in receivership like the latest pulse company in the last month.

              Comment


                #22
                It is a crazy issue. Big wheel. I don’t know your location, but Bornhorst in st. Gregor buys canary and pays on the spot. I don’t know their prices right now.

                I have dealt with some who have a 60 day pay period. They always paid, but it is so utterly insane...

                Comment


                  #23
                  Originally posted by caseih View Post
                  they do it because they can
                  tweety has it right
                  It is against the ACT to not get an elevator receipt or cash cheque when you leave the elevator scale. If that is not being enforced it is the CGC's fault and they should be taken to task. The only time you can dispute grade, dockage, moisture, weight etc is at the time of unload how can you do that when you can't watch it being done or get results for days?

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                    #24
                    Originally posted by Sheepwheat View Post
                    It is a crazy issue. Big wheel. I don’t know your location, but Bornhorst in st. Gregor buys canary and pays on the spot. I don’t know their prices right now.

                    I have dealt with some who have a 60 day pay period. They always paid, but it is so utterly insane...
                    Neighbor said he called them last week they were recently sold to Purely foods and wait is 2 to 3 weeks is what he was told. It’s kinda far for me but I would if it was cash at unload.
                    When did you last haul rhere? Is there different payment times for different people? I wouldn’t think so.

                    Comment


                      #25
                      schoular 3 working days here

                      Comment


                        #26
                        Originally posted by caseih View Post
                        schoular 3 working days here
                        Process and primary elevators have same rules under ACT. They must offer a elevator receipt with grade, dockage, quantity and value or a Cash ticket At the Time of Delivery! Sec 61(1) and 78(2)

                        Comment


                          #27
                          Originally posted by the big wheel View Post
                          Neighbor said he called them last week they were recently sold to Purely foods and wait is 2 to 3 weeks is what he was told. It’s kinda far for me but I would if it was cash at unload.
                          When did you last haul rhere? Is there different payment times for different people? I wouldn’t think so.
                          Hadn’t heard that yet. Was a couple years ago I sold to them. Always went and got cheque next day. Sounds like they wrecked it then...

                          Comment


                            #28
                            Originally posted by Sheepwheat View Post
                            Hadn’t heard that yet. Was a couple years ago I sold to them. Always went and got cheque next day. Sounds like they wrecked it then...
                            Yes neighbor had sold there last year and it was cash on delivery then. Was surprised this year.

                            Comment


                              #29
                              https://www.bdo.ca/BDO/media/Extranets/globeways/Pre-Filing-Report-of-the-Proposed-Receiver-dated-November-13-2020-Redacted.pdf

                              Comment


                                #30
                                Best terms here two days.

                                Most 5 bussiness days

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