Posted by willie in mn on March 18, 2011 at 10:02:35 from (205.188.116.74):
In Reply to: Grain Train posted by Eric in IL on March 18, 2011 at 07:36:35:
Lots of valid points below, plus electronic banking. Local small -medium elevator has to pay farmer when grain is received. Also has to pay interest on that borrowed cash until delivered to large terminal or processor & receive payment from there. Accumulate enough in bins to fill a truck, ship it out, deliver to processor in a day or less. With modern banking get their money back in a day or two. Or- hold up to a week or longer to accumulate enough to load a train, up to a week travel time, then get paid. Interest on hundreds of thousands of dollars adds up to big money over a year. Quick turn over = less interest on borrowed money, more than makes up for lower freight costs of using rail. Willie
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Today's Featured Article - Grain Threshing in the Early 40's - by Jerry D. Coleman. How many of you can sit there and say that you have plowed with a mule? Well I would say not many, but maybe a few. This story is about the day my Grandfather Brown (true name) decided along with my parents to purchase a new Ford tractor. It wasn't really new except to us. The year was about 1967 and my father found a good used Ford 601 tractor to use on the farm instead of "Bob", our old mule. Now my grandfather had had this mule since the mid 40's and he was getting some age on him. S
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