Jeff Reardon
Is the Grain Elevator Business Model Broken?
Let Me Give Away the Ending: No
Despite years of articles predicting the irrelevance of the country elevator, it continues to be an important part of...
- Have reliable monthly numbers from a repeatable process
- Understand what is important on your financial statements
- Create and revise your grain/cash flow plan
- Train banking staff every year - no exceptions
- Work with only one bank for the operating line - no participating lenders
- Over communicate your financial needs with your entire financial team
I recently sat down with Phil Luce, CEO of White Commercial, to discuss the importance of these six rules in any grain business. You can listen to that here or on the CFO Insight$ website.
CFO Insight$ is a forum that promotes greater understanding and communication between grain companies and their financial and accounting partners. Jeff Reardon’s experience as a banker, CPA, and Grain Merchandising Specialist with White Commercial brings a well-rounded perspective. Not a member? Sign up for your free subscription today!
Merchandising: What's the Worst that Could Happen?
As the season of fall harvest planning is upon us, let us take a moment to review the idea, and the reality, of the importance of having a grain flow...
You Can't Merchandise Your Way Out of Overpaying...
Grain elevator managers and merchandisers make many daily decisions that include selecting grain policies, buying grain, managing spreads, and...