Heart of Ohio | WAYNE0224 - 2/20/2017 19:46
Just had a wild thought this afternoon, our family has been for multiple generations, and never had on farm grain storage. So what is the approximate cost to put up a 10,000 bu grain bin? Concrete here is about $110 per yard, and i suppose that I will want a fan with heat. Do you think a 10000 bu will have a reasonable return? or do you need a monster to make it pencil out? Thanks.
WAYNE I would encourage you to visit Market Talk page and the thread: "After reading the thread below "will bins pay" on 12/6/16 (I would link if I knew how)
Our family farm goes back to 1836, when I started my career there in 1980, we had little more than 20,000 bu. storage (stored NO corn at home) Today.... we have one bin (corn) that holds 103500 bu. 24 rings high, (It's cheaper to go up than out) and over 140000 bu. total storage. For us .... the bins have paid, not even considering convenience at harvest time. The corn bin helped me pocket an extra .20 before it was even built (selling the carry that year) on bushels that otherwise would have been delivered at harvest with out it. Gained on basis too, don't recall how much though. My opinion ... all bins can pay, regardless of size. (still have three 2500 bu. ones) DO NOT use them just to hold grain, they are a marketing tool !! Catch the carry and work the basis.
As for the cost, always been my experience the bigger you go (up or out) the cheaper per bu. it gets. Don't let a "small bin" by todays standards stop you from building it, next phase of our plan (whenever / if ever we get there) will be turning our systems first bin into wet holding for corn.
Would encourage you to think "long term" on a from scratch system too. PLAN a big system before the first bin is even built, whole lot easier to move bins and a storage system around on graph paper than when it's steel and concrete. I never DREAMED I would be handling the bushels I do today 30 years ago..... but sure glad today that my bin building / boss made me think about it.
Edited by Frisky3208 2/21/2017 04:34
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cost to put up grain bin?
