With the potential for another record corn crop, Purdue University agricultural economist Chris Hurt says farmers better start thinking about grain storage.
“With this huge crop of corn across the Midwest, I think it says you gotta be recalculating storage needs,” Said Hurt. “I think it is probably going to make the returns for storage even stronger, particularly for corn and the bottom line is, it looks like it’s going to be strong financial incentives to store the crop.”
Hurt said if wheat prices hold firm, Midwest farmers may also want to consider looking at wheat.
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