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| Questions on all those with grain bins and selling the carry make it work. Currently have no on farm storage and all grain goes to town. Currently using a mix of forward contracts, HTA, and options to get crop sold ahead. The goal is to have 60-80% sold ahead as I need the income for cash flow and tax purposes in the same year the crop is grown. I have contemplated building a bin or bins. I know that the actual corn shrink is close to 1.2% current elevator shrinks with 1.4% factor and charges .035 cents per point on wet bushels over 15%.
My question is those that claim bins have some of the best ROI how do you make them pay. (I'm not saying they aren't just trying to learn). What are your true cost per bushel to dry, electricity, bin taxes, handling the bushels in and out of the bin. Plus justifying the cost of building the bin?
Let me also add elevator locations and transportation during harvest are not issues.
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Selling the Carry and Bin ROI
