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Oct. 27, 2016
2016 Logan County Fall Farm Outlook Magazine
Lincoln Daily News
it’s kind of like a game of cat and mouse,” says Olson.
“ADM knows we’ve got the corn and they know the
2016 crop is a record in this country as far as number
of acres and yield-making total bushels. They know
it’s out here but they also have to entice us to sell
them the grain. So by the board rallying or a basis
improvement, the corn in the grain bin has appreciated
in value over the last week to ten days. That gives us
hope, I guess, that maybe this winter ADM will get to
where they need corn or there’s other things that could
affect that as well.”
Olson mentions La Nina as one of those other factors.
“It was supposed to get hot and dry in July and August
here, and it rained. So if the South American crop
would struggle and they would have a drought, then
it could pay to have that grain stored here because it’s
going to go up.” Olson emphasized a huge factor that
contributes to that is demand.
The current outlook as far as demand is concerned is
good for farmers in 2016. “We’re seeing very, very
strong demand both for corn and soybeans right now
so we know that the appetite is out there right now
from the consumer, or the end-user, to buy the grain,”
said the Logan County farmer. “Like I said, it’s just
that game of cat and mouse.”
Now it’s just a matter of the farmer staying on top
of that game everyday. Olson added, “It’s definitely
something you have to pay attention to, as far as
storing grain. It’s just another management tool that
we have to try to add value.”
There are other advantages to having grain bins on the
farm, according to Olson. “One of which is just the
speed of your harvest, said Olson. “When we get
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