Understanding Price Adjustments

Typically, the contract manager reviews harvest receipts and is responsible for adjusting any amounts that are associated with the receipt record. Adjustments are amounts that are added to or subtracted from a harvest receipt and affect the price of the product and the amount owed to a grower.

For example, a contract manager might add an adjustment record to waive a penalty that was previously applied to the receipt or to pay the grower a bonus for delivering product two days early. Or, if the brix content for a harvest of grapes exceeded the maximum allowable amount, the manager might add an adjustment record to decrease the unit price.

You review and adjust prices on the Price History form. The Price History form displays the original harvest receipt with the unit price and any previously entered adjustment records. The system stores price history information in the Price Adjustment Ledger File (F4074).