What You Should Consider Before Building Grain Storage [Video]

The need for more grain storage was the most obvious reason Adam Wolf and his dad added a new 105,000-bushel grain bin this past summer to their farm near the southwest Missouri community of Lamar. 

“Even with five other bins that hold 30,000 to 40,000 bushels each, we were having to rent bin space from other farmers,” Wolf explains. “We just decided it was time to put the money into our own property. Plus, I was tired of having to tow the auger down the road.”

Wolf adds that they raise corn, soybeans, and wheat. However, because of insufficient storage capacity, they had to move wheat out of the bins within weeks so they could make room for the corn harvest. Now, with at least a third more storage space and a bigger auger, they can make financial decisions based on the markets rather than space.

The Wolf family isn’t …