Add Contracts
- Navigate to Contracts:
- Go to your Contracts page in Harvest Profit.
- Add New Contract:
- In the upper right-hand corner, click on Add Contract.
- Select from the following contract types: Cash Sale, Forward, Basis, Hedge to Arrive, Futures, Option Sale, or Hedge Gain/Loss.
- Choose Contract Details:
- Select your crop, entity, and the year you want to add the contract for.
- If this is an open order (potential order that doesn't apply to the P&L), check the box for Open Order.
- If the contract has been delivered, check Delivered (this will display a green dot on the contracts page).
- Enter Contract Information:
- Enter the amount sold, delivery date, delivery location, delivery period month, and year.
- Input the Futures price, any basis adjustments, discounts, or premiums.
- Optionally, enter a contract number and any additional notes.
- Save Contract:
- Click Save Contract to finalize the details.
- Additional Notes on Hedge to Arrive Contracts:
- If you select a Hedge to Arrive contract, any gain or loss on the hedge will need to be manually entered as a Hedge Gain or Loss contract.
Introduction: Adding contracts in Harvest Profit is essential for keeping track of your grain marketing strategy and ensuring accurate financial projections. This guide will walk you through the steps to create and manage contracts for various types of sales and hedging strategies.
Support:
If you have any questions or encounter any issues:
- Email Support: Reach out to support@harvestprofit.com.
- Help Button: In the bottom right-hand corner of the screen, click the Help button and then click Ask to send an email directly from your account.
Thank you for using Harvest Profit!