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Thread: late payment

  1. #1
    Join Date
    Feb 2008
    Location
    Reno, NV USA
    Posts
    2,310

    Default late payment

    I guess I will start off with my almond grower story and hope other beekeepers will see a benefit in sharing their stories with the names of any relevant growers. If a good list is formed over time it could be a useful tool to beekeepers and brokers alike. It is unlikely that many beekeepers would list great experiences any more than their favorite fishing hole, but a list of red flags could put pressure on growers to fulfill their contract obligations. Likewise, a list of red flagged beekeepers would be handy but it would be incumbent upon the growers to generate their own list. It is my hope that other beekeepers will seriously consider the utility of such a list and participate in this forum. The usefulness of this forum will be directly correlated to participation.

    Mixed review -
    Our almond contract stipulated that 1/2 the payment would be at delivery and the other half in May. In retrospect, May was too broad of a term for the second payment. June came around and no money and no explanation. I called several times and no reply. Eventually, I got a call from Louie Soares saying that he had to discuss it with his dad before returning my call but the check would be in the mail the following week. The check didn't arrive so I left more messages. At this point I began to worry a little but in reality being two weeks into June was not a horrible infraction except for the fact that I made purchases based on a timely payment. Having vendors in need of payment placed me in a bad light so I pleaded for payment. The check finally came and then promptly bounced. I have to say I was really surprised. Louie seemed like a really nice guy - made the first payment on time and even paid more than 1/2 upon delivery. The guy even got up early with a borrowed fork lift and helped me load the bees. Putting the fact aside that Louie was great to work with, payment is the bread and butter of any business and a bounced check, weeks late, and without communication makes for a strained relationship. A phone call stating that they are low on funds and it will be X number of days or weeks before payment would have helped.
    We finally got a check plus our overdraft fees by the end of the month. So all-in-all things could have been better but they could have also been much worse.

  2. #2
    Join Date
    Jul 2010
    Location
    Orange, Virginia, USA
    Posts
    382

    Default Re: late payment

    Maybe escrow next time, that is a smart move in my humble opinion.

  3. #3
    Join Date
    Sep 2011
    Location
    Reno, NV
    Posts
    2,923

    Default Re: late payment

    HVH, Not excusing your customers late payment by any means. Never spend money that is not in your pocket. Learned that one myself many years ago the very hard way. that is like the hard way only much worse. Spend one dime of that money before it arrives guarantees that gremlins are being hatched. The customer can walk tot he bank with you and you will find all the teller windows closed for the first time in it's history. Whatever it takes, your payment will be delayed if you tempt fate by being so bold as to count on it.
    Stand for what you believe, even if you stand alone.

  4. #4
    Join Date
    Jan 2012
    Location
    vinita, oklahoma 74301
    Posts
    5

    Default Re: late payment

    I agree, you shouldn't count on any payment. Until you have it in hand. But on the other hand for any business not to have the money from almost the
    get go is BAD BUSINESS and even worse not returning your phone calls. My opinon I would want cash in full up front or make them both sign a contract.
    so you have something to show in court. I dont put up with people like.

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