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North Dakota, USA | I think you would need several area farmers willing invest in it and be willing to spend more than it would cost to just build there own bins and dryers to get up and running. Unless it is a unit loader being on the rail is not much of an advantage. If it could not load unit trains they will just end up hauling it to a loading facility or an ethanol plant anyway and they will have to take a cut for doing that. Farmers will soon realize they can just haul it there themselves. That is what happened here.
Also, elevators make money moving grain, not so much on owning storage so how big would this new facility need to be to keep from fill up at harvest?
And even if it was up and running, now it needs to be profitable. That is a whole other chapter.
I may be wrong but my feeling is it would be a very expensive endeavor and very difficult for it to survive.
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Has anyone started a new grain co-op recently?
