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Wait just a minute Mr. Illff
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wheat farmer
Posted 4/14/2009 10:16 (#679933 - in reply to #679594)
Subject: RE: Wait just a minute Mr. Illff



"Storage still pays if you intend to keep farming."

That statement is definitely a "here" "there" thing.  I ran the numbers 20 years ago because I was going to store my wheat and haul it east in the winter during good marketing times.  By the time you add in aeration, utilities and trucking my profits to pay for the bin were shot, so my overall profits were not big enough to mess with.  And, one lost bin of wheat to weevils is tough to overcome.  I can do as well and sometimes better taking it to the elevator, selling and reown on paper or contract ahead at good prices and cover other bases with puts and calls.  Until you get into irrigated corn country west of here, you don't see many farmer owned grain bins other than for seed wheat.

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