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Sell now...defer payment til Jan. Anyone gunshy of this approach?
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nebfarmer
Posted 10/15/2020 08:01 (#8546795 - in reply to #8546362)
Subject: RE: Sell now...defer payment til Jan. Anyone gunshy of this approach?


Southeast Nebraska
If you have a check and it hits the bank you're going to take it this year. If you have a check and hold it then you can probably defer it depending upon how you get 1099-1098 or whatever it is we are on grain sales. And having a check that bounced is a whole lot better deal than not ever receiving a check. Just defer if you know your elevator financials I know mine and I ain't worried.
I would never ever defer payment at a privately owned elevator only from a co-op with public financials.
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