The following information is a Web Extra from the pages of Top Producer. It corresponds with the article "Increase Shelf Life." You can find the article in Farm Journal's Late Spring 2014 issue.
Farmers need to have a plan to make grain storage pay this year. Read the following articles to learn more about marketing stored grain, as well as keeping it in top condition.
By: Sara Schafer, Top Producer
You have to know when to hold ‘em and when to fold ‘em. After failing to fold ‘em ahead of the year-long price drop, farmers chose to hold after the 2013 harvest. As of Dec. 1, USDA estimated 6.8 billion bushels of corn were on farms, which is about 60% of all stored corn. For soybeans, 955 million bushels, or 45% of all stored soybeans, were on farms. Read more.
By: Melvin Brees, University of Missouri Regional Farm Management Specialist
Three reasons frequently given for storing grain are postponing taxes, avoiding harvest delays and capturing higher prices. Delaying sales to manage cash basis income tax is often a business reason for storing, but it is not necessarily a good marketing decision because delaying sales might pass up excellent pricing opportunities. Read more.
November 22, 2013
By: Ed Clark, Top Producer Business and Issues Editor
You can still achieve decent prices for just-harvested crops, but you’ll have to work at it. Here's some advice. Read more.
"It's safe to assume that the grain in your storage tank is 2% wetter than you think."
That assessment came from Dr. Charles Hurburgh, professor of agricultural engineering at Iowa State University, Ames. Read more.
Last fall a lot of grain went into storage at higher than recommended moisture content, and that increases the likelihood of storage problems. It's important that you continue to regularly check grain thoroughly and take steps to maintain grain quality. Read more.
Find tools and information on everything from grain aeration to fan performance at Iowa State University Extension’s Grain Storage page.
Tips to Diversify Your Farm Operation
Fertilizer Audio & State Price Tables -- April 1, 2014