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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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 comment “just don’t treat me like a mushroom.” With ...
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As the Controller, CFO or CPA responsible for producing financial statements for your company’s grain division, do you sometimes feel that you are talking a different language than those around you? ...
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Volatile prices and the difficulty accessing credit during peak financing periods opened the market to provide commodity futures swaps as a method of grain elevator financing.
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Volatile prices mixed with a need to build working capital and equity pushed inventory repurchase agreements into the grain elevator financing and Mark to Market discussion for grain companies.
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