The Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via e-mail in early February 2022. The average cost for baling small square bales was $.59 per bale, $9.35 for large square bales, $10.80 for large round bales without wrapping, and $13.20 for large round bales wrapped. 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. 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? Nowis a great opportunity for producers to review their crop insurance choices for the upcoming season. 0000010049 00000 n 0000002183 00000 n 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. All listed custom rates in the 2021 Iowa Survey results include fuel, labor, repairs, depreciation, insurance, and interest, unless otherwise specified. Therefore, the statewide averages reported here might be quite different from the going rate in any given area. PoliciesState & National Extension Partners. Purdue University Center for Commercial Agriculture, 403 W State Street, West Lafayette, IN 47907, (765) 494-7004 These average rates are only meant to be a guide for custom rates, as actual custom rates charged may vary depending on increases in fuel costs, availability of custom operators, timeliness, field size, etc. One of the best resources for average custom rates is the annual "Iowa Farm Custom Rate Survey" coordinated and analyzed by Iowa State University. Based on the Iowa State data, average custom rates for tillage, planting, and harvest operations in 2022 are expected to increase by about 7 percent, compared to the rates for similar operations in 2021, while 2022 custom rates for harvest operations are expected to increase by 3.4 percent. The average cost for baling small square bales was $.59 per bale, $9.35 for large square bales, $10.80 for large round bales without wrapping, and $13.20 for large round bales wrapped. [CDATA[> Respondents were asked to report custom rates they had either paid or received during the past year. In a typical custom farming agreement, the landowner pays for all seed, fertilizer, chemicals, crop insurance, and other input costs; receives the proceeds from all grain that is produced, as well as all eligible farm program payments on the land; and is responsible to store and market the grain. First Amendment: Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances. A fuel price increase of $.50 per gallon would cause most custom rates to increase by approximately five percent. Iowa State recently announced the results of the 2021 Iowa Farm Custom Rate Survey. Meanwhile, 14 percent of the respondents perform custom work, 16 percent hire work done, and 45 percent indicated they do both. "I0&A$9<0y L:I=""Y +D@({M! 0000019285 00000 n [CDATA[// >@Pr5`jxlYb?88;'(x|H 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. Write CSS OR LESS and hit save.
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