Newsletter – Profitability of on farm drying

Below is a link to an interactive slide show w/videos, and audio, facilitated by third party research group Beck Ag.  The presentation is a summary of profitability of on farm drying, storage, and phantom loss research that included data/information from farm growers, University professors, and Brock.  The main contributors are: Ben Reinsche an Iowa farmer who produces apprx 800,000 bu of corn annually, Troy Fiechter an Indiana grower, Dr. Dirk Maier a Professor of Ag engineering at Iowa State University, and John Tuttle a CTB territory representative.  Some of the highlights from the presentation:

-Ben Reinsche chart showing a .81 cent/bushel savings from his drying and storage facility.  .81 x 200 bu/acre corn is $162/acre savings.  Proving that on farm storage/drying is still one of, if not the best, ROI for any operation.  For those of you who are unsure if it is worth the effort:  Given the above conservative estimate of .81.  Assume you have 500 acres and the average bu/ac for the past 25 years is 152 bu/ac.

500 ac x 152 bu= 76000 bu x .81 x 25 yrs = $1.539 million!!  Even if you believe the .81 cents is high, simply adjust to meet your situation.  These savings will only continue to increase in the future

-Troy Fiechter: showing a 4% yield loss for every 1% moisture in 2013 and 2014 for every bushel he let “field dry”.  His chart shows an Average $ gain/acre from 2013 and 2014 calculating phantom field loss only, was $65.46/acre.

If you want to maximize the profitability of you operation, you need to utilize on farm drying and storage!  Please review the link and as always if you have any questions please contact us at your convenience.

https://indd.adobe.com/view/0379f177-55c8-4fbd-a3e8-c78e3e78ed03

(you may have to copy and paste the link into your browser)

 

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