I quit brewing for awhile, and had all this grain left... like, sixty pounds of it.
You're going to find this hard to believe (I'm surprised, anyway), but I've brewed three batches with this four-year-old pale malt and they turned out just fine. My starting gravity was a bit lower than I'm accustomed to, but the beer (I'm drinking one right now) is great (wait, let me check... yup, it's great).
Just to see if my lower sg was because of the old malt, I split a couple of batches (same recipes) half old and half new (I'm trying to use this stuff up) and got somewhat higher efficiency in my conversion. I thought I'd found an answer, but then I realized that, like the dumb-ass, non-scientist I am, I'd done a finer grind on these batches (thereby changing two variables), which is prob'ly the real reason for the better conversion... who knows.
The grain was stored in its original bags inside a cardboard box, in a dark closet. I live in the high-desert and our humidity here is probably ten to twenty percent, on average: really dry.
Any way, hope this info is useful. Cheers,
jp