As some of the other posters have pointed out, there are plenty of little costs...
But I am a big proponent of drying at home. I have a 20 year old MC 670, 3 phase, natural gas. While it is impossible to know for sure, as I don't moisture test and weigh every load, my gas and electric seems to average about 1.25 cents per point... less with cheap natural gas the past few years.
I can usually figure on spending $250-500 in repairs a year. This year it was a circuit board for the igniter- was around $230.
Getting set up is the biggest cost, as new auger widgets are expensive. It can be done, though.
Also keep in mind the hidden costs at the elevator... while there is some shrink in drying, it is not what the elevator charges. I have no 15 cent fee to put corn in storage, nor do I pay a load-out fee. As of today, the cash bid at the elevator is 30 cents less than the ethanol plant, and they are 10 miles apart. Kind of a no-brainer where to take things.
A well known ag marketing guru has said that you either pay for your own bin or someone else's. The choice is yours. Drying grain will take some management, but it sure beats waiting in line at the elevator.
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Today's Featured Article - The Revival of a John Deere Combine - by The Red, John Fritz. For several years I had been driving by a farm house on the west side of Indianapolis that had a John Deere combine parked in high weeds in a lot behind the house. The gentleman no longer farmed because the entire area was developed with housing and light industry. I had stopped several times and knocked on the door but no one would answer. My curiosity was up and I wanted to contact the owner. I wanted to see what he planned to do with the combine.
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