Posted by John_PA on August 29, 2014 at 21:58:28 from (71.182.165.112):
In Reply to: New Grain Bin Costs posted by gmccool on August 29, 2014 at 18:28:29:
That would have been a good reason to go to the farm progress show! I shopped new bins 2 years ago at the Ohio Farm Science Review. I was told that an installed bin was around $1.85 a bushel. The concrete was quite a bit of the cost. Labor wasn't too bad. Biggest costs were the drying floor, fancy staircase(instead of vertical ladder), and concrete.
That was 2 years ago. Who knows what it would be now. I thought the price was extremely reasonable with $8 corn. With $2.85 corn... well... it's hard to pay for it, but the potential to profit from it increases as the basis gets stupid and the price drops. I am looking at a -$0.45 basis for November corn that will probably increase to -$0.55 or -$0.65 by harvest time. Just holding it until March or April last year, netted an additional $1.35 per bushel. At that point, the bins pay for themselves quickly.
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