| IADAVE - 9/2/2025 11:02
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.
Paying cash for land, I’m 51 now and can’t even fathom how I could ever do that at today’s land prices! So do these guys just have a million or more salted away just waiting for the opportunity to buy a piece of land? Or is it just a spur of the moment thing, a quarter comes up for sale, and by golly I just happen to have that 1.5 million, or whatever it is, right on hand ready to go?! Can’t imagine paying the income taxes that would be caused by taking in a million or more dollars and not using a deduction against it? I don’t know, I must be doing something wrong if this is commonly going on. And keeping multiple years crops around? That would never be able to happen here, every bushel is needed to keep operating and paying bills! |
New bin.
