A Practical Guide to Grain Contracts
Knowing what’s in your grain contract is just as important as knowing what’s not in your grain contract. With the goal of assisting growers in contract negotiation and interpretation, CCGA collected contracts from the major purchasers of grain and prepared this summary of common clauses used in grain marketing contracts.
Here's Cheryl Mayer, Director of Policy Development at CCGA, appearing on Farmgate to talk about the guide and what farmers need to know about their grain contracts. <more>
Non-acceptance of contracted grain
As of August 1, 2014, all grain marketing contracts, with a stipulated time frame, must contain a provision to compensate farmers for grain not accepted within the defined delivery terms. This requirement was put in place to address farmers' concerns with grain buyers not accepting grain within their contract terms. For more information, click here
Short Situation: What to consider if production comes up short on a deferred delivery contract
Adverse weather conditions and corresponding crop losses can place farmers in a difficult contract position. As part of an going initiative to help farmers get the best value for their crop, CCGA investigated possible options for farmers who find themselves in a "short situation" with their deferred delivery contracts. <more>