to custom rates guides in Kansas and Iowa to see if our rates are in line with their rates. All rights reserved. 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). Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm operators to provide some or all of their machinery resources for their farm operation. April 23, 2021 2021 Indiana Farm Custom Rates by Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. 0000001986 00000 n Compared to last year, most custom rates saw a decline except for the cost of farm labor. Check out the baseline prices on custom rates from 2019. Tillage, planting, harvesting, manure hauling, and livestock transportation are all included. The reported rates are expected to be charged or paid in 2022, and they include fuel and labor (unless otherwise noted). The custom operator needs to be cautious on offering advice and should not take responsibility for the final authority on those decisions. Purdue Educators distributed the questionnaires at meetings and events statewide during the last month of 2020 and the first three months of 2021. Its a reflection of the profitability situation in farming, Plastina, who sent 361 surveys by the U.S. [CDATA[// >> startxref 0 %%EOF 3864 0 obj <>stream Alejandro Plastina, extension economist, 515-294-6160, plastina@iastate.edu The . %PDF-1.4 % 2021 Indiana Farm Custom Rates - Center for Commercial Agriculture In the latest estimate, the USDA Economic Research Service (ERS) is projecting total U.S. net farm income for 2021 at $113 billion, which is at the highest level [], LAKE CRYSTAL, Minn. Arriving at equitable land rental rates is always an ongoing challenge for farm operators and landlords alike and will likely be an even bigger challenge for the 2022 growing season. All rights reserved. 0000008175 00000 n 0000015719 00000 n All Rights Reserved. 0 3814 51 The cost to mow hay ranged from $8 to $15 per acre. PoliciesState & National Extension Partners. Purdue Extension educators and specialists developed the questionnaire. The survey covers the amounts charged and paid for common crop and livestock services in the state. One obvious advantage to the custom operator is that a custom farming agreement provides some extra farm income, with little or no additional operating capital or farm machinery investment. Although the concept of a custom farming agreement is simple, close communication between the custom operator and the landowner is essential. State & National Extension Partners, New data shows what Iowans charge and pay for custom farming, March 18, 2021, 12:30 pm | Alejandro Plastina, Extension Economist/Assistant Professor in Economics. Iowa Farm Custom Rate Survey was mailed to 298 people by the US Postal Service and 192 people via email in early February 2020. Iowa Farm Custom Rate Survey | Ag Decision Maker - Iowa State University The cost of combining corn ranged from $22 to $45 per acre, with an average of $35.10 per acre. The publication is highlighted in the March edition of the Ag Decision Maker, along with updates on county-level corn and soybean yields, and a farm bill crop payment estimator for 2021-2022. 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. Custom Rate Survey Shows Costs for Iowa Farming | News This information is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. Tillage, planting, harvesting, manure hauling, and livestock transportation are all included. 0000004313 00000 n The average price for diesel fuel was assumed to be $2.71 per gallon. Tillage, planting, harvesting, manure hauling and livestock transportation are all included, along with dozens of other tasks and data points. Diesel prices have increased by 20 percent in the last three years. Iowa State University of Science and Technology. Custom Rate Survey Shows Costs for Iowa Farming Get a baseline on custom rates - Farm Progress This rate schedule is intended only as a guide. Ann M. Johanns, extension program specialist, 515-337-2766, aholste@iastate.edu, Department of Economics Custom rate survey shows costs for Iowa farming Therefore, the statewide averages reported here might be quite different from the going rate in any given area. 2022 Iowa Farm Custom Rate Survey The survey covers the amounts charged and paid for common crop and livestock services in the state. The "2021 Iowa Farm Custom Rate Survey," conducted by Iowa State University Extension and Outreach, covers the amounts charged and paid for common crop and livestock services.Tillage, planting, harvesting, manure hauling and livestock transportation are all included, along with dozens of other tasks and data points. APRIL 2021 2021 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, . We are grateful to the 97 survey respondents who provided information for this publication. %0SH" 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. Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. The cost of combining corn ranged from $22 to $45 per acre, with an average of $35.10 per acre. 0000093065 00000 n The cost to mow hay ranged from $8 to $15 per acre, with an average of $11.35 per acre. [CDATA[// >