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[// >PDF Custom Rates for Farm Services in Missouri The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. The average price for diesel fuel (highway-retail including taxes) was assumed to be $3.33 per gallon (as projected by the US Energy Information Administration in early February 2022). Resource Category: Farm Management 0000008575 00000 n The custom operator may be asked for advice by the landowner regarding the seed corn hybrid or soybean variety to plant, fertilizer rates, chemical applications, levels of crop insurance, farm program sign-up choice, or grain marketing decisions. The survey lists the average custom farming rates for corn, soybeans and small grain. 0000001316 00000 n Kent Thiesse is a government farm programs analyst and a vice president at MinnStar Bank in Lake Crystal, Minn. The Farm Poll has been conducted since 1982, making it the longest-running survey of its kind in the nation. Focus on Ag: Farm custom rates likely to remain steady for 2021 The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. [CDATA[// >Finalizing farm machinery custom rate payments for 2021 Earlier this year, 559 custom operators and farm managers were sampled regarding expected 2021 custom farm rates to be for various farm operations. 0000008175 00000 n 0000010049 00000 n Farm, Food and Enterprise Development Resources, https://store.extension.iastate.edu/product/1792. 3884 0 obj <>/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 //-->Get a baseline on custom rates - Farm Progress Plastina said the survey is a useful starting point for negotiations and farm discussions, but it is not intended to be the sole factor used to set price. This could be the case in a year such as 2021, when the cost of machinery operation for diesel fuel, repairs, and labor have increased substantially from the beginning of the year until year-end. %0SH" 0000004313 00000 n Custom operators who extensively engage in custom work should estimate the full ownership and operating costs of their services before agreeing to work for the going rate in their area. Rental rates for some machinery items are shown in the last section of this report, along with a worksheet for estimating rental rates for other items.