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Very southern Mn | But one could argue that 1986 was time to buy land as well or 1997 was best time to buy a new 8000 series Deere tractor and shouldn’t be bought after. We were putting up bins in the 80’s for 50 to 60 cents, but they were pretty bare by today’s standards, no floors ( just aeration tunnels) , tiny fans and land was 1500 per acre. Today land 8 times that and bins 5 times that. So bins no different that new shops, new homes or expensive equipment. It is part of support for your farm, depending on local markets and dumping availability and size of your operation will determine bin needs. I also think that a bin site removed from your home that is tied to your land ownership when you retire will allow you to continue to get return even if you retire with no heirs. We couldn’t farm what we do with time table we have without storage. Grain spoilage with management and a fairly consistent delivery schedule is not a problem. Our full season corn has yielded consistently 20 to 30 bu over earlier varieties. Without a dryer it would be hard to risk planting these hybrids. We also have access to various basis, not tied to facility you delivered to. | |
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Help me with the economics of a bin.
