Victoria’s peak farming group is encouraging its members to follow a due-diligence process in dealing with grain buyers to minimise the potential for non-payment.
Victorian Farmers Federation Grains Group president Ashley Fraser said it was important farmers minimised the risks of non-payment for produce. “The VFF has led the campaign to reduce terms for grain sales to help lower the risks of non-payment for growers,” he said.
“Faster payments means less risk of being caught by a failing trader.
“We have recommended growers ask for payments within two days, rather than the old 30-day terms.”