Company Info

Blue Diamond® Customizes Payment Programs

Blue Diamond® wants you to be part of shaping the future of the business you own by thinking long-term about the need for a marketing & processing cooperative. That's why we encourage a five year contract.

Our payment programs provide you with flexible options to manage your cash flow stream. Allocated member equity consisting of revolving reserves, in the amount of approximately five percent, is deducted from your final payment for working capital through the revolving reserve. Approximately 3.5 years after the date of the final crop payment, this money revolves back to you. Blue Diamond has an 80-year record of revolving these funds back to our growers in full and on time.

These funds keep the business adequately financed and are used for plant facilities and equipment.

Customized Payment Programs

Optional payment programs give you cash flow flexibility. Payments are made to you in several installments called progress payments beginning in September of each year as shown.

Normal Payment Cycle

Normal Payment Times  Approximate Payment Percentages 
Delivery 45 to 55 %
January 15 to 25%
June 15 to 20%
Late Fall (final) 2 to 5%
Revolving Reserves 95%
5%
 
Total 100%

 

Accelerated Payment Option*

The accelerated payment may be taken at any time beginning with delivery of the crop. The additional amount taken (plus interest) is subtracted from the January and June payments.*

Accelerated Payment Times  Approximate Payment Percentages 
Delivery 45 to 55 %
Accelerated 30 to 45%
June* 5 to 10%
Late Fall (final) 2 to 5%
Revolving Reserves 95%
5%
 
Total 100%

*(Less deduction of Accelerated Payment)


Deferred Payment Option*

You may defer all or a portion of your crop payments to the following calendar year or another date that works best for you. Deferred amounts earn interest.

Pre-Harvest Loan*

Loans are available to members who have crop insurance and who meet certain other criteria, beginning January 1 each year. Loans for those without crop insurance are available after June 1 each year based on an estimate of your crop. Those with crop insurance may qualify for additional advances after June 1. The principal plus interest is deducted from the first payments of the crop year.

* These programs are subject to change as directed by market conditions, the economy, and judgment of the board of directors.