5 min read
Cambridge dictionary defines waste of space as “a person or thing that is not useful or helpful.” In the grain storage business, it is our responsibility to make sure that our space is both useful and helpful. At the risk of being overly simplistic,...
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4 min read
A common refrain throughout my time and travels in the grain business is the concept of “selling the carry.” This is roundly regarded as a good thing...
4 min read
Sherry Lorton: Jul 25, 2019
Farmers require two things from grain elevators to be able to market their crops successfully. They need access to the market and the means to...
4 min read
Explain how you're the middle man, but everyone still wins.
1 min read
Jeff Reardon: Apr 2, 2019
The process of Mark-to-Market accounting for Canadian grain elevators basically looks like this: Develop the routine of tracking data on the six...
3 min read
Jeff Reardon: Mar 27, 2019
Historical business truths typically come from very simple concepts. “Price is what you pay. Value is what you get” (Warren Buffet). “A penny saved...
3 min read
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...
2 min read
Jeff Reardon: Aug 14, 2018
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...
1 min read
Jeff Reardon: Aug 8, 2018
Producing financial statements monthly is the best way to monitor the progress of your business. Monthly statements that include a Balance Sheet and...
2 min read
Jeff Reardon: Aug 6, 2018
The end of summer brings thoughts of planning and profitability. Grain companies that buy grain from producers and sell it immediately to users of...
