A collapsible storage system for flowable material, for example granular material, includes a base frame and an upper frame which is movable between a collapsed position and a working position spaced above the collapsed position. A plurality of storage silos are supported in a row, each including a hopper discharge cone on the base frame and a collapsible tubular wall assembly connected between the discharge cone and the upper frame. Redundant loading conveyors are provided in communication with the silos across the upper frame for loading and redundant unloading conveyors are provided in communication with the silos across the base frame.