verified grain inventory · est 2021

Trust what you have.
Then prove it.

Independent, third-party, on-site measurement of the grain in your bins — and a signed, lender-ready report your board, your banker, and a state examiner can all stand behind. Covering the lower 48.

what you get, in plain terms

Measured bin volume
Not scale tickets or position records — the same measurement method 15 state warehouse agencies trust across 7 billion+ bushels.
Independent & signed
A third party with no stake in the bushel count. The report is documented, signed, and built to hold up under outside scrutiny.
Lower 48, on demand
Quarterly, bi-annual, or one-off — verified when it matters, with no capital install and no waiting on a regulator.
30 days of support
We stay on the line for a month after the report to answer questions and clarify findings.
Method lineage: ExamNet / ExamHand, used by 15 state grain-warehouse agencies — getexam.net
the gap we close01

Your books say how much grain should be there.

We measure how much actually is.

Book inventory and physical inventory never tie out on their own. Real handling shrink is small and known — about 0.25–0.5%. So a large gap between what the records say and what's in the bin isn't shrink. It's a shortfall — and the only question is whether you find it first.

normal shrink0.25–0.5%
an unexplained gapa shortfall
for the operator

A state examiner doesn't take your book stock on faith — they measure the grain. If book stock runs over measured inventory by more than 500 bushels and 1%, you write it down or buy grain to balance. Better to know on your own schedule.

for the lender

Borrowing-base reconciliation advances roughly 85 cents on the dollar against a number the borrower reported about itself, with no physical count behind it. An independent measurement puts real collateral under the loan.

Sources: normal shrink 0.25–0.5% — Iowa State Extension; 500 bu & 1% write-down threshold — Kansas Dept. of Agriculture; 85% advance rate — White Commercial
why not the alternatives02

Field exams check the paperwork. We measure the grain.

vs. a field exam

Checks receivables, perpetual records, and the borrowing base — and isn't an audit or a physical count. Generalists can test-count boxes; none are equipped to measure grain in a bin.

We're the grain specialist that fills exactly that gap.
vs. bin sensors

A permanent, six-figure capital install — and the data is owned and controlled by the borrower. Useful for running the place; it isn't independent attestation.

One independent measurement, commissioned when it matters.
vs. USDA / FGIS

Grades quality and weighs at transfer — moisture, protein, damage. It never tells your lender how much grain sits in your facility.

We verify quantity — the number a lender or auditor needs.
vs. measuring it yourself

Amateur bin measurement runs error-prone — the U.S. standard is ±3%, but typical self-measurement reaches only about ±10%. On a 300,000-bushel house, that's 15,000–30,000 bushels of doubt.

We measure the way state examiners do — and sign it.
Sources: field exams are not grain counts — LCG Advisors; self-measurement ±10% vs ±3% standard — Error Analysis of Stored-Grain Inventory; FGIS scope — USDA AMS
what it prevents03

An independent count would have caught it on day one.

Every one of these surfaced at the worst possible time — a missed payment, a regulator's visit, a bankruptcy filing. None of them had a third party measuring the grain. The cost of finding out late is public record.

$9.25M of $40M+
Express Grain Terminals · MS · 2021

Farmers were owed more than $40 million. The elevator physically held only a fraction of the grain its warehouse receipts claimed, and lenders had advanced $70M+ against it. Farmers recovered $9.25 million.

Verify this story — Hunton Andrews Kurth
$8M loan
Ashby Farmers Co-op · MN

A long-trusted manager ran a phantom inventory undetected for years — grain that wasn't there backing a CoBank loan. The co-op had never had an audit.

Verify this story — Agweek
~$20M missing
Garcia Grain · TX · 2024

A third-party audit found roughly $20 million in missing inventory. Regulators cited significant deficiencies between the warehouse-receipt records and physical measurements of the grain.

Verify this story — Feed & Grain
A combine harvesting grain at sunset

Find the gap on your terms — not in a regulator's exam or a bankruptcy filing.

how it works04

The same method,
start to signed report.

The same five steps whether it's one on-farm bin or a forty-site commercial system. Each step is a link in a chain of evidence the final report is built on.

See the full method →
A GrainMX measurement underway inside a steel grain bin
measured · in the bin
  1. 01
    Scope
    You tell us what to count and where. We confirm scope and quote in writing.
  2. 02
    Schedule
    We set the field date and send a pre-arrival checklist.
  3. 03
    Measure on-site
    A physical, measured-volume count — bin by bin, not paperwork.
  4. 04
    Signed report + review
    A per-commodity, per-location report, walked through with you.
  5. 05
    30 days of support
    A month of follow-up after delivery to answer questions.
who it's for05
Tall grain silos at a commercial elevator against the sky

Elevators & terminals

Country, river, and terminal operators who need book stock to reconcile honestly against what's measured in the bin — before an exam, a renewal, or a board meeting does it for them.

Aerial view of co-op grain storage bins beside cropland

Farmer co-ops & boards

An independent count is how a board discharges its fiduciary duty — and protects the members, the credit line, and a manager who's doing it right.

On-farm grain bins beside an autumn field

On-farm storage

Know exactly what you own — for a loan, a sale, an estate, or a partnership split — measured to the standard examiners use.

Often commissioned by the people who rely on the number: ag lenders & banks, CPAs & auditors, crop and storage insurers, bankruptcy trustees, or the other side of a buyout.

common questions06
We already track inventory in our own software — why pay for an outside count?
Your position record is a self-reported number — and that's exactly the figure a regulator, lender, or auditor won't take on faith. An independent count is the one number an outside party accepts without a fight, and it lets your own books reconcile against real shrink instead of carrying a phantom position.
Can't we just measure the bins ourselves?
You can, but a self-count isn't defensible to the people who matter, and amateur measurement is error-prone enough to be the discrepancy — typically ~±10% against a ±3% standard. We measure the way state examiners do and sign the report, so the number stands on its own.
Why not install grain sensors?
Sensors are a permanent capital install producing data you own and control — useful for operations, but not independent attestation. A lender, auditor, or court is looking for a third party with no stake in the number, not the borrower's own readout.
Isn't this what USDA / FGIS already covers?
No. FGIS grades grain quality and weighs at transfer; it never tells your lender how much grain sits in your facility. Federal examiners do physically measure — but only for licensed warehouses, on a regulatory cadence. If you're on-farm, a co-op, or want a count on your own schedule, no federal body provides it.
How is this different from the field exam our lender runs?
A field exam checks the paperwork — receivables, perpetual records, the borrowing base — and explicitly isn't a physical grain count. We're the grain specialist that fills exactly that gap.
Our manager has run this elevator for years — doesn't this question that?
An independent count isn't an accusation; it's how a board protects everyone, including a manager who's doing it right. The Ashby fraud ran for years precisely because a long-trusted manager was never independently checked.
commodities we measure

Corn · Soybeans · Spring wheat · Edible beans · Barley · Sunflowers & more

How much is really in the bin?

Get a quote
Zack@GrainMX.com · (320) 733-3808
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