Difficult times ahead for grain elevators; merger pressure to rise

Grain elevators “are in for a difficult 2016/17 season,” says agricultural lender CoBank, citing demands for more storage space while prospects darken for revenue from grain merchandising and grain drying. CoBank senior economist Tanner Ehrnke said financial belt-tightening was certain and “pressure for consolidation will likely intensify in an environment of slimmer profit margins.” A growing… » Read More

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