Apr 04, 2021
Apr 04, 2021
1 skill sets | 8 total skills
Industry-Sector Technical Competencies
Grain marketing - the negotiation and communication of appropriately factored prices, dates, quantities of grain to develop a reasonable return on investment while taking into consideration current market conditions.
Basic accounting - understanding of the principles of debt, credit, accounts, assets, liabilities, equity, revenue, and expenses; the ability to balance and enumerate all financial information considering these factors.
Purchasing - the act of buying grain at a fair price given current market conditions.
Crop production services - assisting customers through networking and direct consultation to help farmers have access to all materials, including seed, fertilizer, irrigation supplies, and so on, as well as machinery and agriculture services to produce a strong grain crop.
Transportation logistics - the understanding of grain transporting equipment from vehicle capacity to drivers, utilization of alternative methods of delivery (such as freight rail) to move grain from the farm to the processing facility, to the final grain product distribution facility.
Sales techniques - detailed approaches to selling grain in diverse amounts of quantity to both existing and new customers.
Facilities management - maintenance of fully equipped grain processing and storage facilities to ensure efficient and effective grain transfer, ensuring adherence to high quality health standards of the grain product.
Hedging - knowledge of how to follow grain market trends and accurately price grain while factoring in risk, futures and local basis to best ensure at least some profit and/or mitigate against some loss for the company.