Late payment for grain

[Fuzzy]

Interested to know if it is just one trader or are they all like this.
More than half my payments delayed by a few days beyond the normally reliable 28days.

 

[Grain Buyer]

are the 28days falling on weekends? Some banks take longer than others to clear funds. are all your payments dragging or just the odd load. Has this been happening for a while? Have you mentioned this to your grain buyer?

 

[Courier]

Banks are all over the place at present... Taking payments 5 days earlier than the regular date on some accounts and paying 3 or 4 days late on others.

 

[Fuzzy]

are the 28days falling on weekends? Some banks take longer than others to clear funds. are all your payments dragging or just the odd load. Has this been happening for a while? Have you mentioned this to your grain buyer?

Not weekends, not the banks fault from what i can see just the office not processing it on time (intentionally!). most loads are now being paid late (say 3 out of 4 on average !). Has got worse this year, and grain buyer is helpful but it is still happening.... the latest 2 loads due for payment are gonna be at least 4 days late.

 

[An Gof]

Deliberate late payment. First sign of a problem. Tread carefully.

 

[Pieces_of_Eight]

Mention them on here and they might stop doing it

 

[multi power]

I'd let the lorry sit for a couple of days before loading it and see if they get the hint

 

[oldoaktree]

It’s ok for farmers to pay merchants late but when they pay late

 

[An Gof]

It’s ok for farmers to pay merchants late but when they pay late

No it's not alright to pay merchants late. But that's another issue. The point being considered here is the late payment of grain outside the contractual terms.

 

[oldoaktree]

No it's not alright to pay merchants late. But that's another issue. The point being considered here is the late payment of grain outside the contractual terms.

But that’s what happens! It causes a cash flow problem.

I’m out of the game now but was a guilty as the next man for late payments.

 

[Adam@Rumen]

Is this not how the Wellgrain saga started?

 

[Sonoftheheir]

Is this not how the Wellgrain saga started?

Panic!!!!!!!!!!

 

[ARW]

i was going to write a post moaning that as a contractor on average getting paid 5 weeks after invoice is now regarded as an extremely fast paying customer, but then I realised that you have laid out for the crop for 12 months!

 

[Brisel]

Interested to know if it is just one trader or are they all like this.
More than half my payments delayed by a few days beyond the normally reliable 28days.

How many is "a few?" The few merchants I deal with vary by at least a week, usually more. Some send remittance advice notes after payment, some before. This "28 days after movement" seems to be interpreted differently

I've stopped dealing with the slower ones. No names.

 

[Grain Buyer]

the other issue may be the company is doing a payment run, once or twice per week, which may see payment days fluctuate. If you are getting some a bit early, and some a bit late, this might be the reason, in which case it should all average out over a couple of days. However, if they are always late, and not just by a day or two occasionally, then you need to speak to someone who can sort it out.

 

[ollie989898]

I've always taken the view that if a company is turning over several million, vs a farmer who is maybe doing half a million, the latter should expect faster payment than if the reverse was the case.

 

[Grain Buyer]

in the old days we would always get requests from farmers who hadn't got round to banking cheques which had subsequently expired. One was a cool £65K.

 

[ollie989898]

in the old days we would always get requests from farmers who hadn't got round to banking cheques which had subsequently expired. One was a cool £65K.

 

[Seed&Grain]

Generally I agree with Grain Buyer, if its regularly late then talk to your buyer and if something is not amiss let them know if payment does not improve you will go else where. Alternatively ask for up front, cash and carry type contracts. Merchants offering those will not have any financial concerns.

 

[The Insider]

Merchants and hauliers probably work for the smallest margins in the whole supply chain, making them the most vulnerable to the slightest delay in payment (whether through bad luck or an intentional squeeze) from further up the process.