Posted by fixerupper on November 24, 2013 at 06:07:13 from (100.42.83.15):
In Reply to: Grain Bin cost's posted by Dave from MN on November 24, 2013 at 04:47:27:
Five years ago it was $2/bushel for a 20000 bu bin with floor and one ten HP fan. Remember to account for the cost of bringing power to the bin. If your farm is underpowered you might have a big update bill just with that.
If you only have one close market for your grain, store it in town. If you have several close markets you can play with it might pay to build a bin. Also, if the one local elevator has long lines in the fall, owning a bin sounds better. Remember, if you bin it, you have to handle the grain twice, and have the equipment to do it. Also, you have to monitor it. If you haul straight from the field to the elevator it's their baby to watch and care for. All you do is pay them for S&H and collect a check when you sell it.
I didn't have any farm storage for years because there was only one close market and that elevator could handle large amounts of grain in the fall. Now I can go four different ways with that corn so I did put up a bin. Might put up another one in a few years. Jim
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