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Central, IL | I am thinking about putting up a new bin (36 x 26 holds 24000 bu peaked) and if I have ran my numbers correctly its almost a no brainer. Approx $40000 for bin, power sweep, motors, spreader, concrete and labor. FSA has a 2.25% interest rate for 7 years with 15% down. $6200 per payment divided by 24000 bu equals 26 cents a bushel. The elevator charges 18 cents in and 3 cents a month after the new year. I think I can gain half the cost back just in basis improvement. Plus I can dry corn a heck of a lot cheaper than the elevator can. Whats your opinion?
Just went to the elevators site and in charge is 20 cents not 18!
Edited by citoriskeet 3/5/2009 22:10
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On farm storage question
