🌾 View YoY origination data right in your customer portal
Viewing year-over-year origination data is crucial to get a a clear picture of production trends and farmer behaviors over time. This data helps you spot patterns in grain origination volumes, allowing you to better forecast supply and manage your inventory. With this understanding, they can optimize their buying strategies and tailor offerings that resonate with their farmers, ultimately leading to stronger relationships and more efficient operations.
For grain buyers, year-over-year data isn't just about numbers—it's about understanding their farmers' unique needs and challenges. It allows elevators to see how weather patterns, market conditions, or input costs might have affected each farm's yield or selling habits. This insight is valuable for building trust, as it helps the elevator provide personalized recommendations and adjust services to meet farmers where they are each season​​.
The U.S. Postal Service has advised customers to increase diligence when mailing checks due to security concerns. Others are advocating for secure digital methods instead. For agribusinesses, this shift toward digital payment methods is not just a matter of convenience but also a crucial step toward enhancing transaction security and efficiency. Recently, the U.S. Treasury Department announced check fraud has increased 385% since the pandemic.
Compounded with that are the mailing delays, specifically in rural areas. With the potential slowdown of mail delivery in these regions​, the reliance on mailing paper checks could lead to delayed payments, which can disrupt cash flow for farmers. The increasing risks associated with mail delivery delays are pushing more farmers to adopt digital payment systems that ensure timely and secure transactions.
🖥️ Why data is even more important in tougher times
This LinkedIn article discusses why it's even more important to lean on data and technology to drive decision-making in agriculture. While we may all rely on our gut instincts from time to time, those instincts are made up of data points over our lifetime. Leveraging that with real-time data in your own agribusiness can help you understand what to adjust for the future.
🌎 3 Characteristics For Future Leaders In Ag Retail
As Gen Z is expected to outnumber Baby Boomers in the workforce this year, it becomes important to understand how to develop leaders in your agribusiness. Check out these tips from The Scoop on what makes a good leader in ag retail.
Bushel named “AgTech Finance Platform of the Year”
Bushel has been awarded “AgTech Finance Platform of the Year ” in the fifth annual AgTech Breakthrough Awards program conducted by AgTech Breakthrough, a leading market intelligence organization that recognizes the top companies, technologies and products in the global agricultural and food technology markets today.
Harvest season is hectic, and managing payments shouldn’t add to the stress. In this webinar, discover strategies to simplify and optimize your payment processes. You'll learn how to accelerate invoice payments, streamline ACH enrollment, and easily schedule payments. Don’t miss this chance to make your payment system smoother and more efficient, allowing you to focus on what matters most.
