TeachMeFinance.com - explain Elevator
Elevator The term 'Elevator ' as it applies to the area of agriculture can be defined as ' A tall warehouse facility that uses vertical conveyors to raise or elevate grain, generally owned privately or by an agricultural cooperative, where grain is stored before being marketed. The term elevator often refers to any grain storage facility, even if the grain is not elevated. The country elevator is where a farmer delivers grain; a terminal elevator is a major transshipment facility; while an export elevator is at a port facility'.
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