Northern Indiana is like many areas in the country: Land prices continue to rise. As a younger farmer, It can be difficult to participate in the real estate market.
Often times we younger farmers come up against investors or well established operations who have enough cash to subsidize purchases to the point where land makes cash flow. So, I was pretty excited last year when a different kind of opportunity was presented.
The idea was to fill a void by constructing a fertilizer facility here in Indiana. Funding for this project would come completely from farmers. The facility, Sagamore Warehouse LLC, would be a true independent. It will offer dry and liquid products for local resale as well as act as a regional wholesale warehouse and distributor.
Now, about 18 months later, the project is coming together. Rachael and I were able to slip away last Tuesday afternoon to attend the groundbreaking for the facility in Logansport, Ind.
The first phase of the project includes 20,000 tons dry storage,one million gallons of liquid storage, as well as unit train capacity. The site is located on a former rail yard just off of US 24. Community support helped to draw the project to Cass county, as two others sites were also considered. Construction is expected to be complete before the end of the year.
Proactive project managers warded off possible concerns linked to the explosion in Texas earlier this year, by verifying products slated to be stored at the state-of-the-art facility are not explosive. Reassurance was also given that steps are being taken to protect the environment and ensure the integrity of soil and water.
I am excited to see where this project goes, and I am happy to be on board. By participating, I plan to have better market information and flexibility to purchase product as needed or on my timing.
In this era of agriculture, farming is more than putting grain in the bin or meat in the freezer. As the next generation of agri-businessmen, sometimes we will need to think outside the box.