As this year’s harvest comes in a lot of farmers may be tempted to hang onto some of that grain in hopes of better prices down the road. With some of last year’s crop still in the bins could we be facing a storage crunch?
Rick Boyd, acting Bureau Chief of Warehouses at the Illinois Dept. of Agriculture thinks between on farm and commercial storage we should be in good shape.
At the same time, Boyd predicts elevators may have to use temporary or even emergency storage until some of the grain can be shipped into commercial channels..
Rick Boyd is Acting Dir of Warehouses at the IDOA.