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Two If By Tea
12 Nov 2024 10:04 pm
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3,230 posts
Here give ya a working example myself..

A decade ago driving truck DeLongs Grain Elevators..

Delong Company is a International Player in Global Grain Markets..

In Midwest the Farmer sells his Harvest to Delong he can take flat "Ca$h upfront that days prices print him a check & paid on the spot right there..

Theres also "Futures" & Levereging some "Producers" took half in Ca$H bought "Futures" the Rest ..

We also made "Storage & Drying" Fees..

A bigger operation usually had its own Grain Bins and storage.

Smaller Guys did not have bins and as soon as harvest $old 2 Elevarors the going price that day
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