4 min read
Sherry Lorton: Jul 26, 2016
In our last Grain Accounting class the discussion turned to the importance of having a good banking relationship. A lender in the meeting made the...
2 min read
Jeff Reardon: Jun 7, 2016
The word is out; grain merchandising margins are down all over the grain industry. Publicly traded and private companies are showing financial stress...
2 min read
Jeff Reardon: Mar 15, 2016
Solutions to problems have a way of gaining clarity through discussions with trusted outside counsel. Clearly originating low basis bushels is the...
2 min read
Jeff Reardon: Jan 19, 2016
Last year’s sales have been made, the numbers are great, but the receivables are growing. Will you get paid for the inventory you delivered? When...
1 min read
Jeff Reardon: Sep 22, 2015
“Trust but verify” is a Russian proverb Ronald Reagan made famous, but risk managers, CFO’s and grain company lenders live by it today.
1 min read
Jeff Reardon: Jul 14, 2015
Grain Merchandisers intentionally eliminate as much currency risk as possible and trade based on the changes in the basis in the grain markets. The...
1 min read
Jeff Reardon: May 5, 2015
It can be very painful for grain companies to change banks. New financial relationships require conference calls, planning sessions, and a lot of...
1 min read
Jeff Reardon: Mar 10, 2015
The handling margin (back-to-back margin) is captured when the bushels are sold and delivered when grain companies value inventory and purchase...
1 min read
Jeff Reardon: Feb 17, 2015
The New Year brings a flurry of preparing financial statements and crunching financial ratios in an effort to get under the tax man’s bar or jump...
