If anyone knows where I could rent them, you'd be doing me a GIGANTIC favor if you could tell me where. New Bin Halo Shackles are 100% made in the USA. Table 1 shows the expected useful life of grain storage and drying equipment. Bin Jacker Supply has everything you need from parts for grain bin jacks and virtually any brand of grain bin jacks. Some useful guidelines are outlined below. Only one-half of the original purchase price is used because, over the life of the bin, its average value is only half of its purchase price. This is figured by multiplying one-half of the original investment ($32, 500) by a return on investment of 5 percent. Updated August, 2014. Repairs are needed to maintain the bin in a usable condition. As an alternative, use one percent of the original purchase price. I need to find a source from which I can rent manual grain bin jacks in (or near) Bloomington, Illinois.
The most significant ownership costs are: - depreciation. Rent per year or per month. An example of estimating the annual ownership costs of a grain storage bin is illustrated in Table 2. Serving Central Kansas including Grand Island NE, Kearney NE, North Platte NE, Hastings NE, Paxton NE, Gothenburg NE, Maywood NE, Holdrege NE, Lexington NE, Wood River NE and surrounding communities with all your equipment & tool rentals, new equipment sales, contractor supplies, and parts & repair services. Rent can be charged for the entire year or for each month the grain is in storage. Call today for a free quote on renting the 1st choice jack of grain bin builders in America! Estimating a fair rental value for farm grain storage can be based on: - current market rates. We will bring the jacks to you along with a highly experienced member of our team who will be responsible for ensuring the jacks perform at the best level possible to suit your needs. A common method is to charge a rental rate similar to what others are charging. For example, a bin costing $65, 000 initially, repair costs could be estimated at $650 per year ($65, 000 x 1. Return on investment in the facility is calculated by multiplying an expected return on investment (annual interest rate) by the average value of the grain bin over its expected useful lifetime.
A typical rate is an initial charge of 9 to 16 cents per bushel for the first 3 months of storage and an additional charge of from 2 to 4 cents per bushel for each additional month. For example, to compute a farm storage rate for corn for six months, first identify the commercial rate. Computing a Grain Storage Rental Rate. In some cases grain storage rental is available from a commercial source (elevator) at an established price. A Decision Tool (electronic spreadsheet) is available to help estimate ownership for both grain bins and drying equipment (see Decision Tool C2-24). The rate of return on investment can be the rate at which money is borrowed, the rate at which money can be invested, or somewhere in between. Bin Halo - Grain Bin Relocating Equipment for Sale. Taxes and Insurance. The farm storage rate is estimated to range from 10 cents (15 x 2 / 3 = 10) to 21 cents (28x 3 / 4 = 21).
The rental arrangement can specify that a minimum charge is paid at the beginning of the lease period with the remainder due when the grain is removed, or the entire amount can be paid when the grain is removed. So the average value over the useful life is $32, 500, halfway between $65, 000 and $0. A custom rate fee for managing stored grain can be found in Information File A3-10, Iowa Farm Custom Rate Survey. Taxes can be figured by multiplying the local property tax rate times the assessed building value. The electricity used by the fans and stirators can be estimated by multiplying the number of hours each motor runs by 85 percent of the horsepower rating of each motor, by the cost per kw-hr of electricity used. The estimated total cost is $102.
The payment schedule should also be considered. Farm storage rates tend to be below commercial rates because the renter must provide labor, manage the grain in storage, and assume the risks of spoilage and shrinkage. With this method the bin might be used for one month, six months, or all twelve months of the year. Nevertheless, commercial storage rates serve as an unbiased indicator of storage costs that reflect current supply and demand for grain storage. Current Market Rates. For custom drying changes see AgDM Information File A3-10, Iowa Farm Custom Rate Survey. It is suggested that the grain must be removed from the storage facility by Sept. 1. The fixed rate per year is an annual charge for the right to use the grain storage. Need them for a few days beginning memorial day. We have up to ten hydraulic bin jacks available for rent.
Similar calculations can be made if the bin is equipped with drying equipment, as well. So farm storage rates can be based on commercial rates minus an appropriate discount. The Bin Halo is a simple set up and work can be done with a 2 man crew.
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