Domestic

AvantAgri launches pools

Grain Central, October 20, 2016

POOL operator, AvantAgri, has launched three new pools for this harvest.

AvantAgri managing director, Peter Woods, said the introduction of the new pools, AA self-managed, AA flexi and AA managed, provided growers with an unrivalled range and flexibility in pools.

The flexibility of the AA flexi pool includes the use of farm storage.

“Growers who want to utilise their on-farm storage, yet have flexibility with payment streams can commit to our flexi pool, which is for a range of grains that might be stored on farm” AvantAgri director and pool manager, Malcolm Bartholomaeus, said.

“Alternatively, the self-managed pool is aimed at growers who want control when their grain is sold, but are looking to maximise cash flow, with an advance of 60pc.”

The AA self-managed and AA flexi provide an advance for grain in approved third party storage, flexibility with buyers and allow sales over two years.

AvantAgri’s third new pool for 2016/17, the AA managed pool, services the post-harvest market, where downside price risk is actively managed while giving exposure to the upside, and is to be finalised in September.

AvantAgri offers managed pools for all grades of wheat, canola and feed barley and has operated grain pools in port zones in NSW, Victoria and South Australia since 2013.

Pool types to be offered again this harvest, include traditional pool (3 set delivery periods during harvest with 80 per cent payment 3-14 days after closing each tranche), the MP3 (focuses on the early post-harvest  period January and February) and the MP6  (a mid-term pool that finalises in June).  These pools have 3 payment options, i.e. harvest advance, monthly payments and deferred payment options.

Source: AvantAgri

 

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