Farmers share how many grain bins they’ve added to their farm in the past five years, via the Farm Journal Pulse.
High grain prices in the last few years have allowed farmers to make investments in their farms. How much of those profits went to new grain bins?
A recent Farm Journal Pulse asked: How many grain bins have you added to your farm in the last 5 years?
Here are the results:
- None: 52%
- 1 bin: 18%
- 2 bins: 13%
- 3 bins: 7%
- 4 bins: 3%
- 5+ bins: 6%
Of the 1,100 respondents, roughly half have added grain bins and half have not.
See the results on an interactive map:
Grain Bins Provide Marketing Options
Farmers have made some serious investments in on-farm grain storage. As of December, USDA estimates total on-farm storage capacity at 13 billion bushels— a 17% increase from 1999. Considering the 2013 corn crop came in at 13.9 billion bushels, farmers have some significant grain-holding capability, says Jerry Gulke president of the Gulke Group.
"As farmers, part of our ability to control our financial destiny is due to on-farm storage," he says Jerry Gulke. "We are probably better holders than the market thinks we are." Here’s a look at how on-farm grain storage has increased during the last 15 years.