Getting paid on time is a big headache for many and the consequences of late payment can be serious for small businesses.
But there are things one can do to encourage prompt payment, and minimise risks when dealing with others.
A great deal of business in farming works on trust - perhaps more than any other sector. By and large, people don't ask for immediate payment and often extend credit in an informal and indulgent way which would not be entertained in other industries,
Perhaps the reason behind this is that farmers understand that while everyone needs to make a profit, no-one;s margins are huge, and that you can generally be sure that your customer or client will be on the farm at the end of that drive, and will pay whatever they can...
*Special thanks to Farm Contractor & Large Scale Farmer.