tmagrain.com
Direct Deposit
Direct deposit is now available for grain payments through a service known as Automated Clearing House (ACH). This new service means your grain payments can be directly deposited into your bank account. (You currently receive your grain payments in the form of a check.)
There are several advantages to receiving your grain payments by direct deposit. The biggest advantage for you is increased efficiency. No longer will you have to wait for your check in the mail or drive to a TMA branch to pick up your check. You will not need to worry about getting your check to the bank. Instead you may call your TMA branch to sell your grain and TMA will automatically deposit your grain proceeds to your bank account which will enable you to stay in the field. Your settlement sheets will be mailed to you for your records.
The Best Kept Secret
Over the years you have seen several different articles from TMA about the value of delivering grain to your local elevator. We have emphasized the customer service you receive and how delivering grain to your local cooperative helps support the local communities. We have also emphasized the fact that the cooperatives in south central Kansas are reinvesting in their infrastructure to meet the needs of the producer. What we realize we hadn’t explained was the earning potential you have with your local cooperative that you don’t have with other grain handling companies.
Margin Creators vs Price Predictors
The concept of price is ingrained into our minds at a very early age. Recently while our family was watching television my oldest son Karson piped up and said, “Daddy, I just saved a bunch of money on my car insurance!” My first blush was that he didn’t understand what car insurance even was, but his next statement told the real story. Karson responded by saying, “It’s when you wreck your car and they give you money to buy a new one.” In today’s society the focus on price and the pressure to get the best deal (whatever that maybe) has created an environment where our individual business decisions are the focus and not the final results of all the decisions.
Revisions to Crop Insurance for 2011
The Federal Crop Insurance Corporation (FCIC) recently released a new Common Crop Insurance Policy (known as the COMBO rule) and related crop provisions that will be the basis for insurance coverage starting with the 2011 crop year. This new policy combines the Actual Production History (APH), Crop Revenue Coverage (CRC), and Revenue Assurance (RA) policies into a single policy.
Risk Management
Do you understand the real financial risk of your farming operation? Do you have a plan that ensures your long term success and profitability? Do you have true reasoning behind the decisions you make? If you hesitate when answering any of these questions, It might be time to visit with a specialist from Team Marketing Alliance
