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Implement Alley Discussion Forum

Re: While we are on the subject of grain bins....

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10-23-2013 07:58:55

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have you looked at just hauling directly to the elevator and figuring out the grain bins later. you typically need to have a decent amount of acres to make a drier pencil out and really the whole on farm storage thing as a whole. Now if you are using the grain, milling it yourself, etc. that is going to be a different story. Around here an elevator will store your grain for $0.03 per bushel per month until you want to sell. One plus to this is that they don't keep your grain separate. More or less your grain is just on paper, this takes a lot of risk out of the equation with corn spoiling, hauling twice, etc.

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10-23-2013 11:28:40

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 Re: While we are on the subject of grain bins.... in reply to cd1, 10-23-2013 07:58:55  
while I agree on the risk of the elevator going out of business or financial problems... That is not the norm and like anything, do your research. I don't know how much ground you have but I can't see how you would make it pencil on 50 acres of corn. Also, really really research the organic before you jump in. If it was that great don't you think more people would be doing it? Also your ground has to be chemical free for quite a few years before you can sell as organic, that means many years of organic farming practices with a high likelihood of reduced yields but no organic premium.

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Dave H (MI)

10-23-2013 09:45:02

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 Re: While we are on the subject of grain bins.... in reply to cd1, 10-23-2013 07:58:55  
I estimate using about half my output. Would like to keep it on farm plus there is some buzz around here about going organic...lots of work but their seems to be good money in it. Anyhow, a bin like I am looking at will get me started.

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10-23-2013 08:12:18

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 Re: While we are on the subject of grain bins.... in reply to cd1, 10-23-2013 07:58:55  
cd is right on.But the elevator still wont accept it it if its too wet to store.While 13.5% is 'storable',some elevators will accept it at 15.5%.

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10-23-2013 08:41:38

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 Re: While we are on the subject of grain bins.... in reply to DeltaRed, 10-23-2013 08:12:18  
Elevators charge drying and shrinkage for anything above 15.5%. Plus 3 cents/month for storage. That"s why we dry and store at home. Also no danger of the elevator going belly up and not have enough bonding to cover inventory. Storing at an elevator, you"re likely to be able to sell only there. Plus there is the 10-15 cent dump charge with many. And the same if you want to take it out.

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10-23-2013 08:56:10

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 Re: While we are on the subject of grain bins.... in reply to JMS/.MN, 10-23-2013 08:41:38  
I understand the "outbound load out charge", but I've never heard of an "inbound" dump charge. Wow, I"d be looking for a different elevator.

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10-23-2013 10:48:07

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 Re: While we are on the subject of grain bins.... in reply to randallinMo, 10-23-2013 08:56:10  
Some years ago I dropped some acres for a year- didn"t need all my bins. Same year the nearest private elevator filed BK- (1.1 million) early years I stored there. My empty bins looked like pretty cheap insurance then.

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