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Member Benefits

By pooling together Humber Grain members are able to access significant benefits.

Pools

Humber Grain offers pools to fit in with your marketing strategy. The main pool covers an extended period from January to June, with participants committing their best estimate of tonnage available. In addition we offer two fixed tonnage pools (minimum 500 tonnes) which cover the periods January to March (early pool) or April to July (late pool). These are designed for occasions that either cash flow or certainty of movement is a priority.

Retained Sale Option

Members may opt to keep 25% of their wheat out of the pool and sell this when they wish.

Premium produce, for example milling wheat and malting barley, can be dealt with through Humber Grain as a direct sale.

Fixed Tonnage Contracts

These are based on a minimum of 500t with either mid or late pool position paying out in April and July in each marketing year.

Payment

Humber Grain pays members in proportion to the amount of grain assigned to the pool as soon as it receives payment from its customers.

Movement

Marketing over 100,000 tonnes grain annually allows both competitive haulage rates and movement schedules which are convenient to the members.

Advances

Members may draw down an advance against committed pool tonnage in October each year. This is normally based on a maximum of 50% of the pool tonnage value. The balance is then usually paid from January to June allowing members to have an even cashflow. The cost of advances is based on the finance cost to the business.

Shipping

Humber Grain owns two elevators based in Grimsby. This operation is run through a partnership with Freshney Cargo Services Ltd and can load 6,000 tonne vessels.

Allowances

No farmer wants to pay allowances and our stringent controls ensure that no erroneous charges are levied on our members.

Non-Member Trading

Humber Grain also offers a competitive merchanting service encompassing the full range of commodities to non-members.

Structure

The Humber Grain Ltd is a farmer-controlled business operating solely for the benefit of its members. The Board of Directors is chaired by an independent Director.