LARNED, Kan. -- Grain elevators have been going up across the Great Plains thanks to a strong corn crop and a desire to hold onto the grain until prices improve.
Storage capacity at the nation's federally licensed grain elevators is at an all-time high, but there's still not enough in states like Kansas and Nebraska. In those states, millions of bushels of grain have been piled up outside elevators at risk of damage from foul weather.
That demand, coupled with low interest rates, has resulted in lots of grain elevator construction.
The work has created temporary construction jobs, but the bigger impact for rural towns may be the boost in property taxes that will accompany the expansions. That could help schools and municipal services.
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Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints.
Nothing in this article is, or should be construed as, investment advice.
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