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Arable Farming
Cropping
2016/17 milling wheat premiums
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<blockquote data-quote="franklin" data-source="post: 1903514" data-attributes="member: 1118"><p>Doubt it. All I know is that so far all contracts I have ever had with a grain merchant have been honoured by both parties, and I dont think it is really helpful to insinuate that certain companies have tried to wiggle out of contracts if you dont want to give any details, or that there are no end-user backing. </p><p></p><p></p><p></p><p>I have no idea on what llt company takes what risk. ADM Direct hold themselves out as a division of ADM UK, and regardless of their legal position I find it hard to believe that doesnt constitute being "backed" by an end user. Similar with the Openfield / Warburtons contract. Here is the ADM Direct strapline I lifted from their website 5 mins ago:</p><p></p><p>"ADM Direct</p><p></p><p>Through the ADM Direct division of Archer Daniels Midland (UK) Limited, farmers in the UK have the opportunity to build a mutually beneficial business partnership with ADM by selling rapeseed and wheat directly to the processor. "</p><p></p><p>Anyway, I'm sure there are folk here that will clarify it. </p><p></p><p>For those who want one, there are still min-max deals about.</p></blockquote><p></p>
[QUOTE="franklin, post: 1903514, member: 1118"] Doubt it. All I know is that so far all contracts I have ever had with a grain merchant have been honoured by both parties, and I dont think it is really helpful to insinuate that certain companies have tried to wiggle out of contracts if you dont want to give any details, or that there are no end-user backing. I have no idea on what llt company takes what risk. ADM Direct hold themselves out as a division of ADM UK, and regardless of their legal position I find it hard to believe that doesnt constitute being "backed" by an end user. Similar with the Openfield / Warburtons contract. Here is the ADM Direct strapline I lifted from their website 5 mins ago: "ADM Direct Through the ADM Direct division of Archer Daniels Midland (UK) Limited, farmers in the UK have the opportunity to build a mutually beneficial business partnership with ADM by selling rapeseed and wheat directly to the processor. " Anyway, I'm sure there are folk here that will clarify it. For those who want one, there are still min-max deals about. [/QUOTE]
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Arable Farming
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2016/17 milling wheat premiums
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