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Post by Oatking on Sept 17, 2022 19:35:22 GMT -6
Hey guys, what type of grain bin capacity on your farm do you feel is needed. I know it is always a work in progress due to expansion in acres or switching to corn production.
I have 75 % and always feel short if harvest is continous with few rain delays or a huge oat crop. Hard to cost out bins for entire farm acres as some land is rented so that is a problem some years.
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Post by cptusa on Sept 17, 2022 19:48:49 GMT -6
I'll easily hold all of my soybean production but it's going to be close on corn. I've got 80 acres in seed corn production this year and cut 20 acres of silage but we got some pretty big yields coming at us.
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Post by kevlar on Sept 17, 2022 20:07:56 GMT -6
I would love to have more than necessary, but unfortunately have maybe 50% of what I would like. Many years we have some carryover, kind of a side effect of supplying hog barns with barley, we usually try to keep a little around in case someone needs an extra load or two before the new crop comes off. It’s hard to really say how much storage a guy needs because of crop rotation and weather, last year had half of what we needed, but this year we changed a few crops and the weather being what it was, we probably have double what we need.
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Post by meskie on Sept 17, 2022 20:13:51 GMT -6
We would like to have storage for 100% of our crop. We are close and have some malt going out soon and sold some feed barley this year so should have enough for everything. We did make a couple bags of oats but should have room to clean them up once we are done harvest.
Can’t count on the elevator taking grain you have contracted for September most years.
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Post by SWMan on Sept 17, 2022 22:36:48 GMT -6
It really depends on what crops a guy is growing, and if you want to carry grain over year to year. I think I'm around 140 bu/acre in flat bottoms not counting hopper bins, but if I'm not growing corn or oats I have someone who always wants to rent bins. Bins with air have been a pretty good investment over the years, I hate waiting in a harvest line-up! Generally start hauling in November.
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Post by garyfunk on Sept 18, 2022 4:38:55 GMT -6
Probably should have 25% more than enough for harvest but we're sitting at about 85% of what we would need to get this crop binned. Last year we didn't even have to use flat storage, lol.
Getting lucky this year with off combine deliveries. Moved some barley to give us what we thought was going to be enough, but the oats are running considerably more than we figured. Now the elevator is saying we will be able to deliver our October oat contract early so that is going to give us ample room for the monster canola crop 😀.
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Post by slipclutch on Sept 18, 2022 7:58:09 GMT -6
Delivering a contract early makes a guy wonder if there’s less out there than they make you believe?
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Post by snapper22 on Sept 18, 2022 21:03:15 GMT -6
Delivering a contract early makes a guy wonder if there’s less out there than they make you believe? That could be it or more guys are binning in hopes it goes up. Canola is okay but nothing I’d consider a bumper by any means. Wheat some have bumpers and some have okay. Just a strange sort of time right now and uncertainty of where everything shakes out. |
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Post by victory on Sept 19, 2022 8:36:28 GMT -6
I wouldn't feel comfortable without 100% storage space. Having less space means selling when you might not want to, or dumping grain on the ground or renting bin space, etc. Someone else is kind of in the driver's seat.
Speaking of bin rent, what is the going rate? So many cents a bushel, or what do guys do?
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Post by kenmb on Sept 19, 2022 8:47:45 GMT -6
A guy can read many different things into grain movement and elevator space. The only thing certain is you can't plan your bin space around moving a certain amount of contracted grain on time.
I would say typically have space for 100% of production but crop rotation plays the biggest role. This year had 60% of land in barley and wheat so had my bins basically cleaned out except for those storing seed grain for future. Hail on barley ensured I wouldn't max out bin space this year. But I still sent the elevator that sprouted/chitted barley I had swathed to make sure I have no storage issues this harvest. I have some wheat and malt barley contracted to move in October but rail service is a big question mark as who knows what happens locally if there is a US rail strike. I sure won't go on record saying what happens in the US won't affect Canada.
Next year 60% of crop will be mustard and flax so bin space won't be an issue. Of course I will be holding some wheat and barley into next summer and depending on how much, then bin space could be an issue.
Bin space is probably one of the biggest management factors for a lot of things here. If a guy isn't selling grain to cover expenses then he is making sales based on price. And that grain can be carried over for months and years depending on what price is considered appropriate. And the limitation of doing that ultimately comes down to how much bin space is available for the next crop coming in. And so I am always short on bin space, because if I had more bin capacity I would probably be holding a little more grain for a little longer and thus making less room for new crop.
It really never ends if you aren't forced into selling to make cash flow needs.
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Post by meskie on Sept 19, 2022 9:36:58 GMT -6
Quick figuring and looking at grain prices off the combine and in October or November you could pay for storage in 5 years. Storing till the new year makes paying for grain storage in less time. Our first 2406 bins we payed for in two years by storing till June the way the markets played out.
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Post by SWMan on Sept 19, 2022 16:59:25 GMT -6
Quick figuring and looking at grain prices off the combine and in October or November you could pay for storage in 5 years. Storing till the new year makes paying for grain storage in less time. Our first 2406 bins we payed for in two years by storing till June the way the markets played out. Last year bins paid for themselves a few times over, if you had the nerve and financial ability to wait.  |
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Post by meskie on Sept 19, 2022 18:09:49 GMT -6
But holding too long didn’t pay….
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Post by SWMan on Sept 19, 2022 20:51:54 GMT -6
But holding too long didn’t pay…. Yet...lol Not sure I will get back the flax prices of last fall though, should have sold that then! |
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Post by victory on Sept 20, 2022 8:15:29 GMT -6
What is a fair price to charge for bin space rental. Obviously it will be different for hopper or flat and aeration or not.
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