26/09/2003 
Credit periods - Don't do experiments with pig keepers! - A comment by Franz Schulze-Tenkhoff
At some abattoirs, it has become a habit lately to misuse the farmer as a kind of reasonable creditor by allowing him prolonged credit periods. However, taking a differentiating look is needed if German abattoirs are to be judged in connection with this. On the one hand there are abattoirs where the employees see to it that the farmer receives payment by credit transfer after an eight days' period. On the other hand, there certainly are the
In this connection, it appears an interesting matter to think about that the farmer's claim usually is being settled within a week's time in Holland and Denmark.
Every pig keeper should do whatever he can to be one of those who benefit from short credit periods, for the following reasons:
Quite some companies announced insolvency during the past few weeks, thus proving this issue's topicality.
Be assured that you will continue to receive all payments by credit transfer after a ten days' period which you are entitled to receive from the ISW.
We recommend to chose credit transfer as your normal way of receiving money, because this is the quickest, the safest and the most comfortable way of payment, compared to the cheque.
Quite opposite to credit transfer, an uncovered cheque may be transferred back by the bank within seven days.
black sheepfrom which the farmer won't have received his money even after 28 days have passed. So for this reason it seems unfair to pronounce any kind of general judgements on the abattoirs' paying habits.
In this connection, it appears an interesting matter to think about that the farmer's claim usually is being settled within a week's time in Holland and Denmark.
Every pig keeper should do whatever he can to be one of those who benefit from short credit periods, for the following reasons:
- The farm's liquidity is worsened by long credit periods, possibly resulting in exceeding the credit limit including all the possible consequences.
- Several parties may be affected by the buyer's possible insolvency, through which the damage that is caused would certainly be more severe.
Quite some companies announced insolvency during the past few weeks, thus proving this issue's topicality.
Be assured that you will continue to receive all payments by credit transfer after a ten days' period which you are entitled to receive from the ISW.
We recommend to chose credit transfer as your normal way of receiving money, because this is the quickest, the safest and the most comfortable way of payment, compared to the cheque.
Quite opposite to credit transfer, an uncovered cheque may be transferred back by the bank within seven days.
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