It’s that time of year again. Propane storage tanks should be full and prices locked in prior to the fall crop drying and winter demand season.
Propane prices have reached lows not seen since the 90’s. With prices this low, farmers should take advantage of summer fills and early pricing programs, which allow them to avoid price spikes by locking in propane at low summer prices for fall and winter.
Time to Lock In
Propane use surges in the fall and winter due to peak crop drying and heating needs. That spike in demand can cause regional supply levels and prices to shift dramatically. That’s why it’s wise to fill tanks in the summer, when supplies are more readily available. And filling tanks in the summer will ensure adequate supply when harvest begins.
For more information on propane and locking in summer prices, contact your Key Cooperative Energy Department at 800-469-1040.
If you’re interested in updating your equipment as well, look into the Propane Education and Research Council’s Propane Farm Incentive Program. For the second year in a row, farmers can earn up to $5,000 on select grain dryer models in exchange for collecting and reporting post-harvest performance data. LEARN MORE.