News

Farmers Coop Society is excited to introduce the Condominium Grain Storage Program—a hassle-free way for growers to own bin space without the challenges of on-farm storage. This innovative program is designed for those who want to maximize their marketing opportunities while keeping capital free for land, equipment, and other investments.

Why Choose Condo Storage?

Owning bin space through the FCS Grain Condo Storage Program offers numerous advantages, allowing growers to make the most of their grain without the typical storage headaches:

• Maximize Market Timing: Gain market carry and basis appreciation by selling after harvest.
• Eliminate Storage Risks: Avoid grain quality concerns and bin maintenance costs.
• Lower Handling & Transportation Costs: Deliver grain directly from the field, minimizing extra handling.
• Retain Ownership Without the Work: You own the storage, but FCS takes care of all maintenance.
• Tax Benefits: Enjoy depreciation benefits on your storage investment.
• Simplified Resale and Transfer: Unlike on-farm bins, shares can be resold or passed to the next generation with ease.

How Does It Work?

The program is structured to offer flexibility and convenience:

1. Purchase Shares: Storage is purchased in 5,000-bushel shares through an LLC-managed program.
2. Deliver Grain: Bring your grain to any FCS location to fill your storage shares.
3. Utilize Your Space: Your share space can be emptied and refilled as often as needed throughout the year.
4. No Storage Fees: Your investment covers grain storage capacity, eliminating ongoing fees.
5. Financing Options: 24-month financing is available to help manage upfront costs.

Cost Details:

• Cost per Bushel: $2.50/bu
• Annual Maintenance Fee: $0.095/bu (may adjust annually for insurance and bin maintenance)

Note: Grain held in condo storage cannot be processed through an FCS Feed Mill or transferred to a grain bank.

Secure Your Storage Investment

By investing in FCS Condominium Grain Storage, you gain the benefits of ownership without the challenges of upkeep. FCS handles maintenance and repairs, allowing you to focus on your farm—not your bins. Whether you’re aiming to enhance your grain marketing strategy or invest in long-term storage, condo storage offers a practical, efficient solution.

For more information or to discuss your storage needs, reach out to your local FCS representative today.