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NCKS | For us..
Taxes-none in ks
Insurance-I don't have that in front of me but is not substantial
Electricity-All told about .07/bu (including running loop/conveyors to ship grain in and out as well several other things that have nothing to do with the grain)
Repairs and maintenance-10 years in, it has only been grease, oil and belts so far. All negligible vs # of bushels. I cant really think of any maintenance item be it auger, motor or bearing that would move the needle within the expected lifespan of the equipment.
Labor-I'd say is a wash. 1-2 less people during harvest and helps keep an extra guy around during slow parts of the year loading trucks rather than painting fences and running a broom.... my labor is free as long as I have more money at the end than what I started with
Cost of bushels in and out-energy is included in the electricity the rest depends on how you want to do things. Cost of conveyors and augers over expected life for us is somewhere in 4-6 cent range but can be done cheaper.
Additional trucking?-1-2 less trucks during harvest and grain buyer sends hired trucks FOB from bins. Hired trucks taking grain to destination is cheaper than doing it ourselves. They have dispatchers setting up backhauls. We'd be dead heading it and if something goes wrong sending labor we really don't have to fix it. We'd probably have to hire a fulltime mechanic. Then you might as well have 5 south Africans running all the time. Not a rabbit hole we're willing to jump in.
opportunity cost of land-I hope you are joking. For us about $0.0004/bu/yr
additional equipment-there is none that isn't already included in other line items on this list. Like I've said, at least one less truck and probably 7-10 harvesting days shorter harvest. Those say 7 days of harvest would put us with about 6 days of harvest left right now waiting on weather that doesn't look promising rather than being done a week and a half ago... So to avoid that, what do you do? buy more equipment for a more timely harvest? And they wouldn't be as productive as our existing equipment because we'd just be adding to the elevator line and sitting...
Our bins started as a marketing tool. They've morphed into equipment that we can't harvest without. We hope to some day store 100%. For us, additional revenue on paper is 50-80 cents per bu. Subtract costs from that. We just need them to break even and we are happy.
Edited by ithinktoomuch 11/29/2025 09:30
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Whats everyone shoot for on grain bins making per bushel?
