Offered only once every-other-year, NGFA’s 2019 Trading, Trade Rules and Arbitration Seminar (Trade Rules Seminar) attracted more than 200 attendees to St. Louis, Mo., on May 6-7.
NGFA’s Trade Rules Seminar provides attendees with a primer on contracting principles and trading practices designed to minimize costly trade disputes and contract non-performance.
The full program included sessions on: Trade rules application; commercial and producer contracting; laws and standards applicable to grain and feed transactions; and avoiding disputes and use of arbitration when necessary. In addition to several panels of speakers, attendees engaged in an interactive session on the practical application of the trade rules, giving them the opportunity to question the process and work together as a team.
In addition, this year’s program featured a special focus on the new Barge Digital Transformation project currently underway. This initiative was launched last year in response to industry-generated demand to replace the current costly, cumbersome and outdated (paper- and FedEx-based) process to apply barges and transfer bills of lading. For about a year, a diverse coalition of companies in the industry have been working to develop a prototype digital system, which widely is anticipated will be available to revolutionize this process by next year and potentially lead to innovation in other areas for the grain, feed and processing industry.
Attendees began the event with an optional St. Louis Cardinals’ baseball game and a reception hosted by NGFA’s NextGen program.
View all the sessions and speakers on the Trade Rules Seminar page.