Some capital investments make farming life easier and more productive, while others genuinely add value and increase the profitability of your operation. In lean economic times, grain bins and silos are an excellent example of the latter. They give you more flexibility and may substantially increase your margins in the long run. Here are the essential and fundamental reasons every grain farmer should add new drying and storage facilities.

3 Reasons to Invest in Grain Storage

1. Get Better Prices

Whether you farm wheat, soybeans, or corn, cash prices often drop during the harvest season, only to rise during the winter when supplies dwindle. Being able to dry and store your own grain allows you to hold onto your product until prices are more favorable, potentially earning you up to 30 or 40 cents per bushel. Because the grain is stored on-site, you also have the option to sell to the highest bidder.

2. Increase the Efficiency of Your Farm

Having your own grain bins and silos is more efficient than waiting in line for an elevator, which wastes both time and resources. With the savings in time and labor costs, you can focus on expanding your farm, exploring more markets, or getting a head start on the next project.

3. Reduce Storage Costs

While grain bins and silos are a significant investment, you’ll start recouping some of that money almost immediately. With your own on-site storage facilities, you won’t have to pay commercial storage facilities, which may charge 15 to 20 cents per bushel. If you have a source of competitively priced propane, the savings can be even higher.

If you’re ready to build a new grain bin or drying shed, turn to the experts at Merritt Mechanical-Fabrication. For over 50 years, they’ve provided customized solutions and reliable service to farmers throughout the southeastern US. Visit their website to learn more about their grain bin construction services and call (229) 377-5586 to discuss your farm’s needs today.