Marketing
I've started using FBN Marketing services including the virtual elevator, does anyone care to give pros and cons to using this service, especially the aspects of setting a basis and then setting a futures in FBN's name with a elevator versus just keeping it in your own name? I"m kind of concerned following recent govt. program payments that using FBN's name on everything will complicate "proving" production or singing up for govt programs. Like if they were to have a per bushel payment again and your settlement sheets said you "sold" through FBN's name, is it kind of like I just "sold" my grain to FBN and they immediately sold it to elevator locally? THE scale tickets will say FBN on them...
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Hello Andrew,
FBN is a licensed grain dealer. When you sell your grain to the Virtual Elevator you will receive a payment and complete settlement sheet just like any other grain buyer. That settlement sheet can be used when working with your insurance, banker or FSA office.
You do not need to have your farm name listed on the ticket to have it applied to the FBN account and count toward your v...