TeachMeFinance.com - explain Public elevators
Public elevators The term 'Public elevators ' as it applies to the area of agriculture can be defined as ' Grain elevators in which bulk storage of grain is provided for the public for a fee. Grain of the same grade but owned by different persons is usually mixed or commingled as opposed to storing it 'identity preserved.' Some elevators are approved by exchanges as 'regular' for delivery on futures contracts'.
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