The information below is based on a survey of 122 usable responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. Pages / Length: 5 Publication Date: 03/2022 Format Price PDF $0.00 Download Postal Service in February and 198 by email, said. Its a reflection of the profitability situation in farming, said Plastina, who sent 361 surveys by the U.S. The cost of combining soybeans ranged from $22 to $46 per acre, with an average of $34.20. 2023 Morning Ag Clips, LLC. 3814 0 obj <> endobj xref 0000015719 00000 n Landowners with small acreages can make most of the crop production and grain marketing decisions without the investment into a full line of farm machinery. F Cu tom R -5.7% . Many Iowa farmers hire some custom machine work in their farm business or perform custom work for others. 0000007571 00000 n Alejandro Plastina, extension economist, 515-294-6160, plastina@iastate.edu The cost to mow hay ranged from $8 to $15 per acre. [CDATA[// >/Filter/FlateDecode/ID[<8BFAFFB547D52B40A1D114AB09A6653D><29FAC0E32628104BBCDA3530DBFC31E9>]/Index[3854 53]/Info 3853 0 R/Length 137/Prev 274876/Root 3855 0 R/Size 3907/Type/XRef/W[1 3 1]>>stream //-->@Pr5`jxlYb?88;'(x|H Larger standard deviations in relation to reported averages indicate greater variability in the reported custom rates. Compared to last year, most custom rates saw a decline except for the cost of farm labor, according to Alejandro Plastina, associate professor in economics and extension economist at Iowa State University. The custom farming agreement should specify the payment amount per acre that the landowner will pay the custom operator and should list the payment dates. endstream endobj startxref Potential conflicts could arise between the custom operator and farm owner. In Indiana, custom work is often done by farming neighbors after they complete their own work. 0000006869 00000 n 0000024425 00000 n Get a baseline on custom rates U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019's. Sierra Day September 17, 2021 2 Min Read CUSTOM FARMING: Looking at arranging custom farming on your operation?
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