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Is bin construction worth the cost this year?

Craig Kienast Iowan Dan Beenken and his sons are building a 72-foot bin that can hold 245,000 bushels. It’s part of a larger, ongoing storage strategy, which is in its seventh year. Basis and rising raw material costs complicate on-farm grain storage decisions. Suggested Event Jun 15, 2021 to Jun 17, 2021 Many farmers closed 2020 with a much-needed dose of profits and a promise of a lucrative 2021. Now comes a question you may not have had to ask in several years: Where should I invest the money? Competition for these dollars can be fierce. Does it make sense to pay down debt first? Invest in much-needed machinery repairs or upgrades? Initiate a new tiling project? Build more on-farm storage?

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