Similar to any other business owner, farm owners also need to take several decisions to make their agriculture business profitable. From investing in the latest equipment to getting insurance coverage, farmers need to make many decisions to increase production and earn maximum profit. One such decision that makes an impact on farming revenue is grain storage. Farm owners need to determine whether to use a commercial facility to store produce or invest in an on-farm grain storage solution. Lately, on-farm crop storage has become a popular choice because it provides a multitude of benefits. For those with space on the farm and resources to invest in storage bins, installing on-farm crop bins is a perfect option.
How On-Farm Grain Bins Can Help You?
The primary reason for using grain storage bins is to get the freedom to sell grains throughout the year. This means there’s no need for a rush sale and you can decide to sell produce when the prices are highest. This increases the chances of making more money from the produce. So, instead of leaving everything on chance and hoping to get the best price for each harvest, it’s time to invest in the right storage option. The on-farm storage for crops provides financial gain and protects you against fluctuating market prices. Here are some more benefits of using on-farm grain bins for crop storage.
- Cost Reduction
The commercial storage options involve taking the grain to a feed mill or elevator which comes with transportation costs. Besides transportation and storage costs, you may have to pay extra for drying, shrinking, and handling grains. But when you install grain bins on the farm, there’s no need to hire trucks and transport crops. You can save money spent on using commercial storage services. Grain bins reduce the operational cost which results in increasing profit margin. The transportation freight charges escalate during the harvest season but when you have on-farm storage, you get control of crop sales and wait for the right time to sell.
- Control Crop Sales
Several factors are responsible for fluctuating market prices of grains like weather and changing diet trends. To deal with unstable market conditions, farmers need control over storage to determine when to sell the produce. Farmers are forced to sell the crop right after harvest which is the worst time because high supply brings down the price. It can be immensely helpful for independent farmers to overcome market challenges and stabilize their income. The concept grain storage bins give flexibility and control to the farmer over the selling and also guards them against unstable circumstances. They decide when and who to sell instead of relying on commercial storage facilities.
- Use Grains as Animal Feed
When grains are stored on the farm, farmers get complete control and access. They can use it throughout the year. The surplus grain can also be used to feed animals. The concept bins are designed to safely store grains for months and grind them when necessary. This allows farmers to get fresh feed when needed. It also keeps grains safe against unpredictable weather conditions.
