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Ay 1, 1996, a grain buyer shall register with the Indiana Grain Indemnity board. A grain buyer that is not a state or federal licensed warehouseman shall pay a registration fee of one hundred dollars ($100.00). a buyer of grain who buys less than fifty thousand (50,000) bushels of grain annually for the buyer s own use as seed or feed is not required to register. All qualifying firms must complete and return this form. Company or Buyer s Name: Contact Person: Address (Street and P.O. Box): C.
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Qualifying FAQ
Overview. A grain buyer builds relationships with producers on behalf of the company they represent or are employed by allowing them to purchase the producers grain at a fair price.
Grain broker – a definition The GTA Trade Rules' definition of a grain broker, describes the role as an independent person, firm or electronic trading platform, who is engaged on a commission basis to facilitate agricultural contracts, liaising with, and holding the instruction of buyers and sellers in the market.
Grain broker – a definition The GTA Trade Rules' definition of a grain broker, describes the role as an independent person, firm or electronic trading platform, who is engaged on a commission basis to facilitate agricultural contracts, liaising with, and holding the instruction of buyers and sellers in the market.
A grain buyer is a professional who purchases and sells different types of grains from various sources. They work with farmers, commercial customers, and grain elevator operators to manage customer databases, analyze price proposals, and maintain proper inventory levels.
Grain merchants buy grain from farms and sell it to consumers. Between the buying and the selling, they are concerned with the quality, market value, shipping, processing, and storage of the grain. In effect, they are liaisons between the farmer and the eventual user or consumer of the grain.
Postsecondary Training. Though you may be able to get some assistant positions with only a high school diploma, many grain merchants have undergraduate or graduate degrees in agriculture, economics, or business management from a college or university. However, two-year programs can also be beneficial.
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