New Settlement FAQs
General Questions
Why did the settlement forms change?
With input from customers, we’ve made changes to our settlement forms to improve your customer experience. Our new settlement forms offer a variety of benefits, including:
- 65-70% less paper
- More detailed information
- One place for ticket information
- Checkoff agency breakdown
- More consistent with Farm2Market settlements
Who do I contact if I have questions about my new settlement form?
Contact your account rep or contact us at grainweb@andersonsinc.com. To access the most detailed information, visit our customer portal grainweb.com and sign up for a free account.
Purchase Settlement Sheet
What information is included in the settlement header section?
The settlement header section includes information such as contact information, commodity, date, settlement number, and check/ACH number. Most settlements are for one commodity. If more than one commodity is included in the settlement, this section will read “multiple” in the settlement header and you will need to look at each contract section or subsection to view commodity information.
The Veh/Farm ID is sometimes truncated on the new settlement; why?
The Veh/Farm ID field on our new settlement form is limited to 18 characters while the Veh/Farm ID field on our tickets is approximately 30 characters long. If the Veh/Farm ID contains more than 18 characters, the settlement will display the last 18 characters.
How is the contract price calculated in the Contract Summary block?
The contract price in the Contract Summary block is equivalent to the flat price. If a contract has multiple prices, the value listed in the contract summary will be a weighted average.
Why isn't there a “Contract Price” value in the Contract Summary block?
For cash loads, there isn't a contract price listed in the contract summary block. There will be a price on each individual ticket in the application section. On basis advances, the “Advance Settlement” section will list the contract basis and the market futures, but it will not list a “flat price.”
What is included in the “Other Charges” columns?
The amounts listed in the “Other Charges” columns includes all charges for tickets applied to a contract. Such charges are subtotaled in the Contract Summary block and are listed per ticket in the Ticket Detail for Contract: xxxxxxxxxx block. These charges are also itemized by type and ticket in the Fees, Equity and Other Detail block.
I don’t see a Prem/Disc dollar value listed for an individual ticket. How do I calculate this value?
The total Prem/Disc dollar value can be found in the Contract Summary block. To calculate the Prem/Disc dollar value for an individual ticket, use the following formula:
Ticket Prem/Disc dollars = Total Add/Ded - Freight - Dp/Stg - Checkoff/Indemnity - Other Charges
Basis Advance Form
How is the advance payment calculated?
The advance amount is calculated at the ticket level after any applicable deductions.
Why can’t I see Checkoff/Indemnity deductions on a basis advance?
When we advance, final checkoff and indemnity deductions are often not known so we do not report these on the basis advance.