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USA | Economics of on farm storage would work the same in Kansas as IL. Even if yields and weather are different.
Take for example the wheat deal this year with quality issues. Poor quality wheat that is worth $ 2 @ an elevator after discounts vs on farm storage that gives a personal the ability to sell the wheat @ some point down the road for $3-$4 bu gain.
Corn hauled out of the field @ 22% dryed and stored @ a country elevator till Jan vs drying and storage on the farm. Adds about $.50 bu to the COP @ current LP price.
$.50 x 160 bu x 5 years = $400 acre.
Those who used the fat since 07 to pay for on farm storage and drying have a definite advantage over those who didn't. | |
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Central Kansas elevators......
