Inflation is making it difficult for grain elevators to upgrade and expand.
Reed Akre manages Sublette Farmers Elevator in northern Illinois. He tells Brownfield they would like to renovate their current building and put in a new dry fertilizer building but it is hard to make the numbers work.
“The cost of concrete and the steel for the rebar and everything is getting very high so having to come up with replacement costs for buildings is tough.”
And he says there is a lot of uncertainty when making capital investments.