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 – this can be the rental charged to the farmer for your solar panel or for the amount that the farmer owes you from the harvest. 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. This line item helps show you that information month on month.

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 if you have chosen to purchase any new asset during the month.

Finally, the Your Assets section summarises a list of your assets and the farming site, as at the statement date.

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

 

 

 

 

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