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The . Note: All rates include fuel, repairs, depreciation, interest, labor, and all other machinery costs for the tractor and implement, unless otherwise noted. Compared to last year, most custom rates saw a decline except for the cost of farm labor. Respondents were asked to report custom rates they had either paid or received during the past year. The Iowa Farm Custom Rate Survey is presented in the accompanying "pdf" file that you can access by clicking here or on the icon above. The custom rate summary, which is usually released in late February, lists the average custom rate, as well as a range in custom rates, for various tillage, planting, fertilizer and chemical application, grain harvesting, and forage harvesting functions on the farm. Although the concept of a custom farming agreement is simple, close communication between the custom operator and the landowner is essential. Many Iowa farmers hire some custom machine work in their farm business or perform custom work for others. Iowa Farm Custom Rate Survey was mailed to 361 people by the US Postal Service and 198 people via email in early February 2021. 2023 www.farmforum.net. We are grateful to the 97 survey respondents who provided The variation of rates around the average is reported when the number of respondents for a question was at least 30. The USDA reports that machinery values and labor costs have increased by about 5 percent and 11 percent, respectively, since our last custom rate survey in 2016. 245 Iowa State recently announced results of the 2021 Iowa Farm Custom Rate Survey. The average rates for combining corn . 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. 0000093065 00000 n Tillage, planting, harvesting, manure hauling, and livestock transportation are all included. 2150 Beardshear Hall, Ames, IA 50011-2031 Based on the Iowa State data, average custom rates for tillage, planting, and harvest operations in 2021 were expected to be steady to slightly lower, compared to the rates in 2020. Historical Indiana Farm Custom Rates can be accessed in our archive. The cost of combining soybeans ranged from $22 to $46 per acre, with an average of $34.20 per acre. The cost of combining soybeans ranged from $22 to $46 per acre, with an average of $34.20. 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. The landowner does have to pay the farm operator an agreed upon per acre fee for the custom farming services by specified dates. The cost to mow hay ranged from $8 to $15 per acre. All rights reserved. 0000008175 00000 n 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.