20 Miles West of Indianapolis Indiana | Hoosierheartland - 1/2/2025 18:50
Really blessed to be a 10 minute drive to one of the highest corn bids in northeast Indiana. Bean market could pick up some by hauling to Dreyfus in Claypool which isn’t quite an hour. I’ve considered starting with a bean bin for that reason. Especially if I could use it to blend, rehydrate, or dry a little at times. Logistically not being able to harvest long days or on Sunday doesn’t help but we get done. I know I’m not going to be able to afford to put in a system to hold 120k bushel in a couple years time so it’s all what makes the most sense to start with. There haven’t been much in the way of capital expenditures on this farm for nearly 30 years so just trying to peel the onion back a layer at a time.
Assuming you own the land you’d tile, I think I’d honestly borrow the money to do both. I’ve never done a govt loan on a bin, but if I was building new (which I’ve never done new), I’d get a 7 or 10 year govt loan and then a real estate 10 year loan on the tile and try to pay the tile loan quicker since it’ll take higher interest. There is major value to both if you are near where I think from your description.
Is buying a gold digger an option and doing it yourself?
Edited by GrainTrader 1/2/2025 18:59
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Grain storage or drain tile
