Bin Rental

[FarmerSmuck]

What is the going rate for renting a bin? We are renting a 5,000 bu bin that our neighbour doesn't need.

[farmaholic]

I would pay what it costs to use a grain bag. Its got to be worth at least that!

[Rareearth]

Times two

[wedino]

$.16/bushel is what I charge for 3000 bu hopper bins. If he needs to run his fans, we agree on a price for electricity.

[farmaholic]

What is the price per bushel for the grain bag only?

[mcfarms]

6 to 8 cents approx depending on size of bag. Bags are a pain sometimes but when all your bins are full and you have to go get the bagger going its a good problem to have.

[Oliver88]

Definitely better than a bag.

[farmaholic]

Then I'm not out of line.... I'm paying what wedino suggested, fifteen cents a bushel. And damned happy to have it too! How the hell do you store a bumper crop? Doesn't make sense to have enough storage for a bumper crop and have some of them rattling in the wind most years.... unless you like speculating on grain.... which sometimes pays handsomely.

[sumdumguy]

Farma, buy at harvest, hold until Dec-Mar-June, make more than growing a crop. That has happened many times in special crops.

[Koldkanuck]

I pay .10 cents for flat bottom grain storage and .15 cents for hoppers. If there is air, we agree on a price before hand.

[wmoebis]

I pay .10 cents for flat bottom grain storage and .15 cents for hoppers. If there is air, we agree on a price before hand.

How long do you use it for at that price? What if it doesn't move for year or more?

[hobbyfrmr]

One of my neighbors has a great skill. He finds all the empty bin storage on people's yards then asks to use them. Those bins are good the grain keeps a long time.
When those bins are full usually he piles the wheat or barley. Most times he sells one load from the piles then the remainder heats and within a couple years it rots. After 3 years he hires the neighbor for custom seeding for canola, the neighbor doesnt like to go around rotten pile so he brings his loader and spreads out the rotten grain.
When other neighbors are looking for extra bin space all they have to do is ask our local free bin storage broker at morning coffee.
It works great.

[blackpowder]

It can be as high as 30 cents here. But then everything is stupid here.

[Lex]

Norenda Storage at Gerald, SK charges $0.75 per mt per week. I'll let you figure out what that costs.

I figure it costs about $0.25 per bushel per year to own a hopper bottom bin. That could be lower if you believe the life of the bin is greater than 25 years.

[Lex]

At $.15 per bushel you could store at Norenda for 9 weeks.