Unmet expectations are the springboard for all kinds of human problems. When things don't go as expected, the likelihood of becoming irrational or having exaggerated emotions is high. What does this ...
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I ran across this in my favorites folder the other day. I thought it a worthy reminder of how being successful in the grain elevator business is achieved by staying true to a few simple principles.
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Competition is the driving forces that determines a fair and equitable price. For the most part, your cash price to producers is based on your best resell values. You determine what you can sell ...
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Explain how you're the middle man, but everyone still wins.
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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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