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east central ND | On paper I could use another bin. It’s been 15 years since I built a bin. No dryer or leg here. Back then, I could hold almost a full crop. Now with better yielding corn, and more corn acres, I haul quite a few loads to the local elevator at harvest.
The closest local elevator, where I normally haul to, is only 3 miles away. E plant and a soy crusher are 45 miles, shuttle loader is 30. Lines were not too bad at local elevator this year.
So if I make it 15 more years, I wonder what will a couple 35k bins and a possible 50k bin would rent out for? That’s the question I have, what’s the return down the road in the future? Of course this has to balanced against just doing a better job a selling some new crop, and delivery at harvest to local elevator, with no new storage in my yard.
Besides soybeans, maybe wheat, would a farmer even want to rent medium sized (they used to be good sized) bins? I can’t see a guy driving alot of miles at harvest time to store crop in these bins, so it would have to be a neighbor that’s short on storage, and not need a dryer…
.hhhmmm. | |
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Another bin ROI question