For commercial grain facility managers who are weighing their options of steel bins, concrete grain silos, flat storage buildings, piles, bunkers, center piles and/or bags, GSI is introducing a new decision-making tool. The GSI ROI tool provides a side-by-side analysis comparing the financial returns for different storage types.
“Using GSI’s ROI tool, we can walk them through a verifiable income and expense model to help determine which option, or options, make the best economic sense for their operation,” Roger Price, GSI Director, North American Grain Sales, said in a recent news release.
Price said before this tool, commercial grain operations didn’t have easy access to information on costs, which is paramount given the long-term decisions being made for grain storage. He references the difficulty in businesses assessing the best options for a new system or expanding an existing footprint.
“Many additional factors need to be considered, because every operation’s situation is different. Each has specific needs, capabilities and constraints. This tool takes all of those factors into account,” Price said.
The GSI tool provides analysis including:
• Capital costs, such as land, power and roads.
• Operational costs, including labor, utilities, transportation and supplies.
• Revenue drivers, including carry revenues, storage and trading.
• Revenue impacts, such as grain quality discounts, shrink and merchandising.
• Non-financial impacts, which could entail safety, the operation’s reputation and customer service.
For those interested, GSI dealers and a GSI ROI tool specialist will work together to collect all the needed information to plug into the tool.