Grain Merchants
Overview
Introduction
Grain merchants buy grain from farms and sell it to consumers. Between the buying and the selling, they are concerned with the quality, market value, shipping, processing, and storage of the grain. In effect, they are liaisons between the farmer and the eventual user or consumer of the grain. The regulation activities of the grain merchant create an efficient market for grain around the world. Grain merchants work as either grain buyers or grain managers.
Quick Facts
Median Salary
Employment Prospects
Minimum Education Level
Experience
Skills
Personality Traits
Earnings
As with other brokers, some grain merchants work on a commission basis and others work for a straight salary. Earnings vary depending on the size of the employer, the experience of the employee, and the specific job responsibilities. The U.S. Department of Labor reports that the mean salary for purchasing agents and buyers in the farm product raw material industry was $74,200 in May 2023. The l...
Work Environment
The work environment of a grain merchant can vary from a typical office setting, to a terminal elevator or other holding facility, to the drama of a trading room floor (although this lively environment has been largely replaced by electronic trading). It is a profession that often requires taking great risks and as a result, receiving great rewards or great disappointments.
Grain merchan...
Outlook
The employment of purchasing agents and buyers overall is expected to grow faster than the average through 2033, according to the Department of Labor. The DOL forecasts a decline in the employment of agricultural managers and farmers due to the increase in farm consolidations due to inefficiencies in crop production. As a result, grain merchants may also experience a decline in employment in th...