Re: Need advice on expanding oppurtunity

Posted by Brad Seiler on April 30, 2006 at 17:46:25 from (209.83.14.53):

In Reply to: Need advice on expanding oppurtunity posted by Dave from MN on April 30, 2006 at 07:50:23:

I would rent it. I would and do use commercial storage. Try it for the first year or two, to make sure the land gives you the income you need to keep farming. I milk 300 holsteins and run 1300 or so acres, with storage only for crops used for my cows. Stored 35,000 bushels of corn and 8,000 bushels of beans last year in commercial storage. Paid trucker to haul away. Don't have to worry about storage damage, drying, maintainance, etc. Easy to add storage later. Don't want to add 2-4 small bins, then increase acreage and bins too small or in wrong place. Foreward contract grain at good price, then there's no worry about storage cost. We didn't contract last year, and didn't want to sell at $1.45-1.55 harvest price. Recently sold at $1.96. Not the best, but add $.40 for LDP, and it isn't bad. I'm not saying on farm storage is bad, just not something to build when just starting out. Wanted to have some last fall when all local facilities were full!

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