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Contemplating momentary grain storage
An ag economist with College of Missouri Extension says the potential for a big corn crop has farmers trying to find momentary storage.
Ben Brown tells Brownfield “a number of individuals have requested me in regards to the financial viability of bag storage, making an attempt to give you momentary choices to carry product.”
He says the financial viability of grain bag storage depends upon storage prices at a industrial facility.
“We’re seeing fairly a little bit of volatility. Simply yesterday, a industrial facility advised me they’d elevated storage costs and have been contemplating growing them already once more, due to the associated fee to them and the demand for storage.”
However Brown says grain bag storage may be extra about harvest effectivity than financial viability. If farmers don’t wish to use luggage for momentary storage, piling grain is an alternative choice, however he says it’s not with out threat.
“Grain is uncovered to the weather and you’ve got all kinds of challenges choosing it up. Sadly, generally we’re compelled into these eventualities the place you need to pile grain.”
He says it’s potential farmers might nonetheless be trying to find momentary storage options as corn harvest begins.
“I’d think about there are some individuals beginning to harvest corn early within the hopes of getting a leap on everybody else.”
Grain bins are a extra everlasting storage funding that may present a very good return for some farmers, however Brown says “the price of constructing grain bins has grown very quick. I believe that’s a part of the dialog round bag storage: is there a substitute for the fastened price of on-farm grain storage?”
USDA is forecasting a big corn crop for Missouri at 191 bushels/acre, however Brown says he thinks it could possibly be a powerful estimate given the variability of the crop within the state.
