Feb 14, 2016 at 06:12 AM CST
By Mikkel Pates, Agweek
ANKENY, Iowa. — Is it more profitable to deliver soybeans 10 miles from the farm, offering $8.50 per bushel? Or is it smarter to go 45 miles for $8.58?
An updated, expanded online calculator from the Soybean Transportation Coalition at Ankeny, Iowa, can answer that.
The calculator determines expected revenue costs from local and distant delivery points. The calculator is free and works for soybeans, corn, wheat and other agricultural commodities. It includes the bushel capacity of the delivery vehicle, the costs of fuel, labor, time and maintenance. The farmer inputs the spot prices at both local and distant delivery locations, as well as mileage and time required for delivery.