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| There are quite a few guys who pay cash for farms.
I know guys who had 5 or 6 years beans. They built flat storage to hold them.
It worked out well, even figuring the interest as many of those beans would have been sold for $4.50 and they sold them for $15 plus.
4 or 5 times in my life I have seen where price went up enough in 6 months to pay for a new bin. If one built the bin the first time, the other times were profit.
One has to be careful the bins aren't full when the market tanks though. | |
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New bin.
