The Plum Grove Harvest Pool.

The Plum Grove Harvest Pool (acquirer 'Plum Grove' in LoadNet) is a traditional harvest time delivery wheat pool managed by the pools management team of Plum Grove, headed by Tony Smith and Rob Kelly.

The objective of the Plum Grove Harvest Pool is to achieve an above average return over the life of the pool, but with the majority of wheat sold and / or hedged by the end of May (before we head into northern hemisphere harvest). It has 4 key pricing periods from harvest through until October the following year. This ensures the pool has a minimum level of price security, while allowing for upside after harvest.

To learn more about the performance of the Plum Grove Harvest Pool, click on the 'Performance' tab.

Kondinin Group Pools Report

The Plum Grove Harvest Pool has performed exceptionally well over the past seasons.

According to the latest Kondinin Group report 'wheat pools performance industry report' published in November 2011, the Plum Grove Harvest Pool has outperformed the second best harvest pool from 2007/08 to 2009/10 by an average of $10/mt for APW2 and H2.

An alternative source: DailyGrain

Below is a table of results taken from DailyGrain on the 14th of October showing the performance of the Plum Grove Harvest Pool against its peers. The result is that growers who delivered the same tonnage of the same specification to the pool listed over those three seasons would have come out on top by around $10 a tonne.

Click here for the Plum Grove Harvest Pool compared to other pools.

Payment Methods

The Plum Grove Harvest Pool has the full spectrum of pool payment method available to you.

Harvest Advance

If you select the Harvest Advance payment option, you will receive a initial payment of 75% of the NEPR at harvest less 100% of estimated costs within 7 business days from end of week of nomination. Remaining payments are made in March, July and at the closure of the pool. Further top-up payments will be made if market conditions are conducive.

Harvest Loan

Through its partnership with CBH Grain, Plum Grove offer WA growers the opportunity to take advantage of wheat financing. Wheat finance provides growers with a simple and flexible financing option for harvest with a choice of instant cash at harvest with the Harvest Loan or a drawdown facility with the Flexible Drawdown Loan.
The Harvest Loan payment option provides growers with a loan value of 85% of the wheat NEPR less 100% of estimated costs within 7 business days from end of week of nomination. No GST is paid on these loan payments. You also have the choice of a Flexible Drawdown Loan, giving you the option to draw down funds into your account when you need it most.

Interest Rate

The loan charges one variable interest rate regardless of how much you deliver (i.e. rates are not tiered). This is a variable rate and may change throughout the course of the loan. Please call for the current interest rate.

Repayments

The loan balance is automatically repaid by Distributions over the life of the pool. Further to this, you can make repayments into your loan account when you want. GST is paid on Distributions, which also goes towards repaying your loan.

Payments

You have the option to receive the full credit limit automatically at harvest time or alternatively, you can select the flexible draw down option and draw down against your credit limit when needed. To draw down funds fill in and return the CBH Grain Wheat Finance Drawdown Request form or log on to LoadNet and do an online request. There are no fees or security required on the loans. Monthly loan statements are made available through LoadNet or in the post so you can see the status of your loan.

Deferred

If you select the deferred payment option, you will receive the first payment in July after harvest which will equate to 80% of the July 2008 EPR less 100% of estimated costs. The remaining payment will occur upon pool finalisation. If there are more funds available these will be paid out at the time. This payment method is not underwritten.

Distibutions

The Distributions payment option spreads your payments over the life of the pool. If you select this option you will receive 4 or 5 distribution payment after harvest typically made around April, July, October, January the following year and a final payment at pool closure. You will receive a tax invoice for each distribution.

The Plum Grove Harvest Pool Performance Reports

Here you will find a copy of the latest Plum Grove Harvest Pool Performance Reports.

These reports show the progress of the Pool in relation to its hedging and trading activities.

November 2011 Performance Report (note large file)

Quality Matrices.

Here you can find quality reward matrices for Western Australian Pools.


Quality Matrices - Plum Grove Harvest Pool 2010/11

Quality Matrices - Plum Grove Harvest Pool 2011/12



* Milling grades in these pools receive Quality Rewards payments for protein, screenings and moisture on top of the base pool returns.

EPRs

Here you can find estimated pool returns on >>> this page <<<.