There isn't a person in the world who can give you accurate advice on how to market your beans. Your storage rate at .12 is pretty good. I have 7000 bushels of bean storage here on the farm which will hold a third of my production. Last year I did some pencil pushing on how long I would have to store the beans in the bins to break even over hauling to town straight from the field in the first part of October. The figures I came up with told me if I sold the beans before the first of February I wasn't gaining anything by storing at home. This was figuring in .16 storage for the first three months in town. You do have expense hauling to the bin, augering the beans in and augering or vacing them back out.
This fall I sold all of the beans out of the field and deferred the check till January. This is the first time I've sold the whole works out of the field and it was kind of scary when I pulled the trigger on them. I sold for $8.37. We have about the highest basis here in Northwest Iowa. If I would have stored them I would have needed something around $8.53 to break even on storage. After Jan 1 I can take the check to the bank and pay off loans. If I stored those beans in town and the price didn't go above $8.53 till March and I held off till then to sell, I would have to add the price of interest on those unpaid loans to the equation. Only time will till if my decision was the right one.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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