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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. Basis is an important component for crop producers to consider when marketing grain because it is used to convert the futures price to a local cash equivalent. For several of the operations the custom rates reported varied widely. All rights reserved. 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. PDF 2022 Iowa Farm Custom Rate Survey - Iowa State University 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. PDF 2020 Iowa Farm Custom Rate Survey - fbfm.org Tillage, planting, harvesting, manure hauling and livestock transportation are all included, along with dozens of other tasks and data points. 0000005694 00000 n Ames, IA 50011-1054. The cost of combining corn ranged from $22 to $45 per acre, with an average of $35.10 per acre. ]]> %0SH" Historical Indiana Farm Custom Rates can be accessed in our archive. 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. hb```b`` B@Q-T 2021 Iowa Farm Custom Rate Survey | Agriculture and Natural Resources The reported rates are expected to be charged or paid in 2022, and they include fuel and labor (unless otherwise noted). 0000015719 00000 n Earlier this year, 559 custom operators and farm managers were sampled regarding expected 2021 custom farm rates to be for various farm operations. 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. hb```[K@ 9.13>@Pr5`jxlYb?88;'(x|H 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. The 2022 Iowa Farm Custom Rate Survey is intended as a guide in determining custom rates. Copyright 1995-document.write(new Date().getFullYear()) [CDATA[// > 0000011138 00000 n In a year such as 2021 that has featured significant increases in operation costs for farm machinery, it may be justified and necessary to adjust some of those custom rates above the median or average rates.