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Converting Dry and Cool to a Tower Drier

What's Your Grant Score?

Example of a Dry and Cool

In this hypothetical situation, a farmer currently has yields of 170 bushels per acre of corn and farms 2400 acres. He:

Dries 400,000 bushels
Currently uses 1,600 btu/lb. BTU/lb. (pt) of drying
Currently uses $72,000 to dry = 18 cents/ bushel
(1600btu/lb. *7.42lb (10pt)* 70% energy usage*400,000 bushel)/ 91,500 BTU/Gallon = 136,000 gallon = $72,000

Proposed system: T1575 tower dryer

Grain invertors

Outside cat walk

Stainless steel grain floor

Use $47,000 propane

Propane @ $2/gallon

Cost $175,000 installed

T1575 Tower Dryer return on investment (ROI)

Initial ROI = 14%
$25,000 / $175,000 = 14%

Simple payback = 7 years $175,000 / $25,000 = 7 years

Energy savings

$47,000

$25,000

System costs $175,000 before grant

T1575 Tower System Cash Flow

First Year POSITIVE Cash flow + $30,625 True cost = $175,000- $43,000 grant = $132,000

Annual payment @ 7% for 7 years = $25,000

First year depreciation = 175,000/2*35% = $30,625

Cash flow

$25,000 energy savings
+ $30,625 tax savings
– $25,000 loan payment
= $30,625

• Product information on Tower Dryers