Large grain merchant gone under.

Highland Mule

Member
Livestock Farmer


 

Speedstar

Member
Location
Scottish Borders


all very sad and the farmers on the list will not get much back if any thing at all , looks like the law needs looked at on these types of companys
 
Would bad debt insurance pay out in some of these instances or if corn you had there in storage was not there when you wanted to sell it could you claim for theft from your insurance policy?
 
Surely if you had your grain in storage it is still yours. If its not there anymore it amounts to theft and the Police should be involved?
Reading the report one company has a court order to remove 2k tons of osr from a store but I reckon they have managed to prove its all theirs and not been stored with other owners. (that's if I've read it correctly).
 

Renaultman

Member
Arable Farmer
Location
Darlington
Would bad debt insurance pay out in some of these instances or if corn you had there in storage was not there when you wanted to sell it could you claim for theft from your insurance policy?
Was just wondering the same, I know our local merchant make a big thing about having insurance if a customer goes bust, but what if they do themselves?
I have some cover against bad debt and very rarely have a lot outstanding at any one time but it's still a worry.
 

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