Posted 12/30/2016 13:12 (#5732343 - in reply to #5732224) Subject: RE: Free NPE At local elevator
It turned into an asset on their balance sheet but they should also have an offsetting liability that shows they owe the farmer for the grain. It should be a wash for them except they get to handle the grain and will get the handling charge when the farmer sells the grain and I would assume free interest on the value of the grain.