The process of Mark-to-Market accounting for Canadian grain elevators basically looks like this: Develop the routine of tracking data on the six essential reports: Grain Hedge Position Report Forward ...
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Historical business truths typically come from very simple concepts. “Price is what you pay. Value is what you get” (Warren Buffet). “A penny saved is a penny earned” (Ben Franklin).
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One thing that we all know for sure is that we are now officially one day closer to the next big “opportunity”. Some call it a “big rally" and some call it a “headache”! We know that while a dramatic ...
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How much unrealized profit or loss do you want to pick up on your financial statements? The answer to this question determines the method grain companies use to value inventory and forward contract ...
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Producing financial statements monthly is the best way to monitor the progress of your business. Monthly statements that include a Balance Sheet and Income Statement give you a good sense of the ...
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The end of summer brings thoughts of planning and profitability. Grain companies that buy grain from producers and sell it immediately to users of grain, now see additional grain margins available ...
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When you see what appear to be good, well-established, long-standing companies suddenly fall apart it makes you wonder:
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The first step is to eliminate break even from the discussion, no grain company is in business to break-even. Decide on a profit target and this analysis will help to shape the necessary decisions to ...
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Year after year the most successful grain companies are those that execute a plan to acquire the majority of their ownership before harvest. Likewise, the most successful farm marketing plans ...
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Grain origination isn’t exactly easy. Successful grain origination programs take time and resources to develop. Since your ability to originate grain has a direct impact on your bottom line, it’s ...
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