Posted by willie in mn on March 18, 2011 at 10:02:35 from (205.188.116.74):
In Reply to: Grain Train posted by Eric in IL on March 18, 2011 at 07:36:35:
Lots of valid points below, plus electronic banking. Local small -medium elevator has to pay farmer when grain is received. Also has to pay interest on that borrowed cash until delivered to large terminal or processor & receive payment from there. Accumulate enough in bins to fill a truck, ship it out, deliver to processor in a day or less. With modern banking get their money back in a day or two. Or- hold up to a week or longer to accumulate enough to load a train, up to a week travel time, then get paid. Interest on hundreds of thousands of dollars adds up to big money over a year. Quick turn over = less interest on borrowed money, more than makes up for lower freight costs of using rail. Willie
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Today's Featured Article - Usin Your Implements: Bucket Loader - by Curtis Von Fange. Introduction: Dad was raised during the depression years of the thirties. As a kid he worked part time on a farm in Kansas doing many of the manual chores. Some of the more successful farmers of that day had a new time saving device called a tractor. It increased the farm productivity and, in general, made life easier because more work could be done with this 'mechanical beast'. My dad dreamed that some day he would have his own tractor with every implement he could get. When he rea
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