Aug 22, 2014
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A Geographical Look at Farmers’ Grain Bin Additions

April 9, 2014
By: Sara Schafer, Farm Journal Media Business and Crops Editor
grain bin system
  

Farmers share how many grain bins they’ve added to their farm in the past five years, via the Farm Journal Pulse.

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:

4 3 14 Pulse

 

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.

TP 031 T14119


Learn more about making your stored grain pay. Read: Holding Pattern 


Add Your Vote

You're invited to be part of the heartbeat of our national producer panel that speaks up and speaks out. Participating is as easy as answering two quick poll questions per month via text message from your mobile phone.
 
By partnering with Commodity Update, the leading provider of agricultural information to mobile phones, Farm Journal sends you the question via a text message on the first and third Wednesday of each month. 

 


 

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COMMENTS (1 Comments)

cornman - Scott City, KS
Interesting, you can tell where the drought has been for four years.
8:46 PM Apr 17th
 



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