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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. Iowa State University of Science and Technology. This information is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. //--> 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. Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. trailer
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Therefore, the statewide averages reported here might be quite different from the going rate in any given area. F Cu tom R -5.7% . The cost of combining corn ranged from $22 to $45 per acre, with an average of $35.10 per acre. The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. The information below is based on 106 responses and 3,022 custom rates provided by Iowa farmers, custom operators, and farm managers. One of the best resources for average custom rates is the annual Iowa Farm Custom Rate Survey coordinated and analyzed by Iowa State University. 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. Twenty percent of the respondents perform custom work, 16% hire work done, 50% indicated doing both, and 14% did not indicate whether they perform or hire custom work. 0000005694 00000 n
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