USDA has predicted a record crop for both corn and soybeans. In a report released Monday, the USDA dropped it’s corn yield from 175.1 to 174.4 bushels per acre, and raised soybeans from 48.9 to 50.1 bushels per acre.
As grain starts to flow and this record crop comes in, bin space at many elevators could be limited, but a new state-of-the-art facility in north central Indiana will have room, 4.3 million bushels of storage.
Workers spent four and a half days working around the clock, 24 hours a day on 12-hour shifts. They continuously poured tons of concrete to create eight silos, each 130 ft. tall. The area near Milford is seeing more diversity.
“Typically the area was more for the local ethanol plants and local feed mills,” said Leland Hartstack of TruHorizons.
The new elevator is specifically deigned to put grain markets across the world within the reach of local farmers.
New innovations in equipment can quickly unload trucks, load rail cars, and has access to two major rail lines, CSX and Norfolk Southern.
“It’s going to allow them to be able to come and take their grain to a rail loading facility that can get grain to the southeastern United States to the poultry and pork industries or down to the Gulf of Mexico where they can be loaded on a ship and go all over the world,” said Hartstack. “Being able to let these farmers know some of your grain might be feeding a family in Japan is pretty interesting.”
TruHorizons hopes it will access more markets and bring more value to area grains, resulting in higher grain prices being paid to farmers.