Posted by MSM on April 27, 2008 at 01:51:47 from (62.243.189.101):
In Reply to: OT = grain trucks posted by LenND on April 26, 2008 at 09:58:57:
The elevator owned/contracted trucks usually pick up soybeans from the farmers that borrow input money from the elevators.This way the companies are sure to get their money back. It is common for alot of the smaller farmers to borrow their input costs from Bunge or Cargill and then contract all or part of their crop to them,and once the bill is settled,the balance is credited to the borrowers bank account automatically.
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