Understanding your Fedgroup statement

Your monthly statement shows a number of pieces of information. The first is called ‘Monthly Amounts Due’ and this reflects the amount invoiced to the farmer. The second line shows the income paid into your account. There may be a delay between when the farmer has been invoiced and when the income is received, depending on the harvest timing and the wholesale of the crop. 

The second item is called Cash Account and this reflects transactions on your account. It details your opening balance and then any interest earned on the amount over the past month. It then shows the income you have received and whether you have purchased any new asset during the month.

Finally, the Your Assets section is a list of your assets and where they are situated.

If you want to read more about why your percentage return figure differs between the App and your statement, please click here.

 

 

 

 

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