This information is based on 118 responses and 3,785 custom rates provided by Iowa farmers, custom operators, and farm managers. 0000010572 00000 n Registration is free. Kent Thiesse,Farm Management Analyst and Senior Vice President, MinnStar Bank, LAKE CRYSTAL, Minn. 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. Note: All rates include fuel, repairs, depreciation, interest, labor, and all other machinery costs for the tractor and implement, unless otherwise noted. Larger standard deviations in relation to reported averages indicate greater variability in the reported custom rates. Rent as a percentage of land value was slightly lower at 2.7% for cropland and 1.8% for pasture. 0000042856 00000 n The variation of rates around the average is reported when the number of respondents for a question was at least 30. 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. 0000039468 00000 n 3814 51 0000012615 00000 n All rights reserved. We are grateful to the 97 survey respondents who provided information for this publication. The cost of combining soybeans ranged from $22 to $46 per acre, with an average of $34.20.
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