GrainCorp harvest pool opens

by World Grain Staff
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SYDNEY, AUSTRALIA — GrainCorp announced on Oct. 4 the opening of the company’s 2010-11 wheat, barley, canola and chickpea harvest pools.

This is the first season GrainCorp has offered a chickpea pool.

The company will offer harvest pools for growers in Queensland, Victoria, and WA.

GrainCorp 2010-11 harvest pools features include:

  • Increments for protein, screenings and moisture offered for wheat pools.
  • Canola pools will pay bonification on AOF standards.
  • In NSW, Queensland and Victoria, GrainCorp uses the company’s own export freight rates, not GTA location differentials.
  • All pools offer an early exit option.
  • Transparent costs allow growers to calculate their silo return with online pools calculator.
  • All 2010-11 harvest pools are scheduled to be finalized by the end of December 2011.
  • Flexible payment options.
  • Wheat and barley offer pools have five payment options.
  • Chickpea pools offer harvest, distribution and deferred payment options.
  • Canola pools offer harvest and deferred payment options.

GrainCorp will also be offering a new ‘Harvest Plus’ wheat pool which features:

  • 24-month pool term.
  • Ability to spread income over three tax periods.
  • $20 premium to the current GrainCorp harvest pool EPR.

Information about the GrainCorp 2010/11 Harvest Pools can be found at www.graincorp.com.au.

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