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Grain Bin inflation
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jdironman
Posted 9/15/2021 06:46 (#9221040 - in reply to #9219932)
Subject: RE: Grain Bin inflation


Nw Iowa
There’s years it works good and other years not so much. Pros -you retain the grain, control your basis much better. Hopefully capture the carry and if you do a good job can beat commercial shrink. One of biggest in our area is that harvest goes uninterrupted. Cons-cost,time and if you have a large setup, unless all new you will have maintenance. We have quite a bit of storage and infrastructure to fill, dry and empty and it is almost a full time job, drying in the fall, loading out, blending, keeping in condition, sweeping bins and doing the maintenance . Steel is absolutely nuts right now and hopefully like lumber will come back to reality. Being a dealer of anything is a rollercoaster right now. Trying to get new product and than sell it, but not order so much you get stuck with a bunch of stuff if market goes down as fast as it goes up. Our local elevator had a very good limited time bid to give some incentive to get some early corn in so they had livestock feed thru soybean harvest and kinda of fun to just start harvesting for the day and never turn on a switch other combine, cart and trucks and at 5:00 fill trucks and go home because elevator closed. Of course at that rate would be harvesting till thanksgiving
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