Use has a large impact on per hour costs. of P, and 50 lbs. Left and right arrows move across top level links and expand / close menus in sub levels. Non-land Costs: Costs are projected to rise considerably for the 2022 crop year. Machinery Cost Estimates: Field Operations. Illinois Farm Management Handbook, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, updated October 11, 2021. For me, that sequence is too often interrupted by cussing the weatherman, tedding, and more raking. The range of responses also give the user an idea of how variable the rates charged for field activities might be. University of Illinois Extension For soybeans, 2022 non-land costs are projected at $413 per acre, an all-time high. The articles are written by Extension Specialists. However, the results presented here have been compared to custom rates guides in Iowa to see if our rates are in line with their rates. The 2021 estimates appear in the 2021 tractor costs publications, while the 2017 and 2019 costs appear in the machinery costs 2017 and 2019 editions. I wish hay-making was that easy. The fact sheet includes custom rates averaged from all the surveys and maximum and minimum rates reported. This publication shows estimated costs for combining, using grain carts, and hauling grain. JavaScript seems to be disabled in your browser. From time to time, Prairie Farmer gets requests for the custom rate estimates on various field operations. For the best experience on our site, be sure to turn on Javascript in your browser. 365 0 obj <> endobj These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc., and the labor for the operation. The $24 per acre corn projection compares to an average farmer return of $4 per acre from 2014 to 2020. Further refined estimates for corn-after-corn, corn-after-soybeans, soybeans-after-corn, soybeans-after-soybeans, wheat, and double-crop soybeans are shown in the publication entitled 2022 Illinois Crop Budgets. illinois custom farming rates 2020. In 2018, 2019, and 2020, ad hoc Federal payments were important sources of revenue. Robert Battel, Michigan State University Extension - If you are figuring what it costs you to make hay on your farm, add mowing, raking, and baling at 20.20 per bale (Machinery Cost Estimates, University of Illinois Extension, June 2015). These values are taken from the July 2021 version of Revenues and Costs for Illinois Grain Crops, a publication available on farmdoc showing actual returns from 2015 to 2020 and projections for 2021 and 2022. The farmdoc daily website falls under University of Illinois copyright and intellectual property rights. ltimas Notcias. The $12.35 price for soybeans is $2.44 higher than the 2014-2020 average of $9.91. Enter and space open menus and escape closes them as well. Demand factors also will impact prices, with primary importance being demand from China. Prices: Prices for 2021 and 2022 are based on forward bids and prices on Chicago Mercantile Exchange futures contracts. FAST (Farm Analysis Solution Tools) are a suite of Microsoft Excel spreadsheets designed to assist those in agriculture make better decisions via user-friendly computer programs. The 2020 Custom Rate Guide, release in April 2021 replaces the 2017 version. This publication includes budgets for northern, central, and southern Illinois, with central Illinois further broken down into estimates for 1) high-productivity farmland having a 2022 expected corn (soybean) yield of 220 (69) bushels per acre and 2) low productivity farmland with a 2022 expected corn (soybean) yield of 209 (62) bushels per acre. Help improve lives, communities and economies throughout the state. Learn more. Using current nutrient values, hay has a fertilizer value of $25.30 per dry ton. Reference to commercial products or trade names does not imply endorsement by MSU Extension or bias against those not mentioned. The site navigation utilizes arrow, enter, escape, and space bar key commands. By Mike Rankin. Each year, eHay Weekly offers readers a one-stop shop for accessing custom field work rate information from those states that have done . University of Missouri Extension is an equal opportunity/access/affirmative action/pro-disabled and veteran employer. endstream endobj 366 0 obj <>/Metadata 166 0 R/OCProperties<>/OCGs[393 0 R]>>/Outlines 250 0 R/Pages 358 0 R/StructTreeRoot 262 0 R/Type/Catalog>> endobj 367 0 obj <. Custom rates in a given area may vary significantly according to timeliness, operator skill, field size and shape, crop conditions, the performance characteristics of the machine being used, the relationship between the custom operator and the person needing custom work done, competitive pressures, and economic circumstances of the custom operator. The purchase price is assumed to equal 85% of the list price of the tractor. . Lattz, D. and G. Schnitkey. Machinery costs would have been higher had not interest rates been reduced from 2019 to 2021. Most of the increases are due to increases in list prices of machines. From 2019 to 2021, most of the estimated machinery costs went up. From time to time, Prairie Farmer gets requests for the custom rate estimates on various field operations. The USDA reports that machinery values and labor costs have increased by about 23 percent and 18 percent, respectively, since our last custom rate survey in 2019. Schnitkey, G. Revenue and Costs for Illinois Grain Crops, Actual for 2015 through 2020, Projected for 2021 and 2022. Illinois Farm Management Handbook. Tab will move on to the next part of the site rather than go through menu items. Operators may add charges if they consider a job abnormal, such as distance from the operators base location, the amount of product or labor involved, the difficulty of the terrain, or special requirements of the customer or location. Farm Progress Show annually hosts more than 600 exhibitors displaying new farm equipment, tractors, combines and farm implements; seed and crop protection products; and many additional farm supplies and services. Since 2000, when comparable returns have been compiled, the lowest return was -$50 per acre in 2015. At the 2014-2020 average price of $3.73 per bushel, farmer return would be -$145 per acre, well below any recent return. The rates reported in this guide summarize a statewide survey conducted online and by solicitations of University of Missouri Extension specialists in the spring of 2023. Download the 2019 Custom Machine and Work Rate Estimates. These estimates are useful for determining custom rates and for analyzing machinery costs on farms. For corn, a $5.25 per bushel price is used for 2021 and a $4.50 per bushel price for 2022. There is no assurance that the average rates reported in this guide will cover your costs for performing the service or that you will be able to hire a custom operator in your area for the rates shown. Reasonably optimistic projections can be made for 2022 corn and soybean returns based on projected corn and soybean prices being above 2014-2020 average prices. Disclaimer: We request all readers, electronic media and others follow our citation guidelines when re-posting articles from farmdoc daily. Copies of the new guide can also be obtained from the Extension Crawford County Office at 608-326-0223. Mowing, raking, and baling. Post Application Coverage Endorsement Tool (Sheet), Balance Sheet & Historical Financial Statements, Briomass Crop Budget Tool Miscanthus & Switchgrass, Illinois Soil Productivity & Yield Utilities, Farmland LEasing Facts Sheets & Pricing Information, https://farmdoc.illinois.edu/handbook/field-operations, https://farmdoc.illinois.edu/handbook/tractor-costs, https://farmdoc.illinois.edu/handbook/harvest-operations, https://farmdoc.illinois.edu/handbook/forage-operations, https://farmdoc.illinois.edu/handbook/machinery-cost-estimates-summary, Adverse Corn and Soybean Price Scenarios for 2020 and 2021, Department of Agricultural and Consumer Economics. Farmdoc chart and PDF of historical Illinois land values from 1912 to the present. A central question then is: How long will higher prices last? From 2017 to 2019, most of the estimated machinery costs went up. 406 0 obj <>stream Allowances for profit are not included. * Required field. The diesel fuel price was increased from $2.25 per gallon in 2017 to $2.50 per gallon in 2019. You may unsubscribe or change your preferences at any time. In all cases, list prices for the equipment went up and ranged from 7.1% to 13.8%. This information is for educational purposes only. of N are returned to the soil. Unlike the farmdoc machinery cost estimates which represent actual economic cost of performing the harvest operation, the custom rate survey reports actual rates expected to be charged or paid in 2020. The Number reporting and Range of responses columns are important. Before entering into an agreement, discuss with the other party all the details of the specific job to be performed. of N, 20 lbs. Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, July 27, 2021. For a detailed statement, please see the University of Illinois Copyright Information and Policies here. hb```a``z B@16,N-,L s2.\ rkT2;t(am`m``P]=in?\5NP9Z^!SVzElIT?U=)"]vjVh Per hour costs are divided into overhead, fuel, and labor categories. Custom farming rates from around the U.S. March 23, 2021 08:00 AM. Post Application Coverage Endorsement Tool (Sheet), Balance Sheet & Historical Financial Statements, Briomass Crop Budget Tool Miscanthus & Switchgrass, Illinois Soil Productivity & Yield Utilities, Farmland LEasing Facts Sheets & Pricing Information, Machinery Cost Estimates: Field Operations, Machinery Cost Estimates: Forage Field Operations, 2022 Planting Decisions, Nitrogen Fertilizer Prices, and Corn and Soybean Prices, Department of Agricultural and Consumer Economics. Fuel use on a 310 horsepower tractor is estimated at 13.6 gallons per hour. For soybeans, a $13.60 per bushel price is used for 2021, and a $12.35 per bushel price is used for 2022. Factors impacting costs are illustrated for a 310 PTO horsepower tractor with front wheel assist (per hour tractor costs are shown in the publication Machinery Costs Estimates: Tractor (https://farmdoc.illinois.edu/handbook/machinery-cost-estimates-summary). Without a return of these ad hoc programs, returns in 2021 will be below those experienced in 2018 through 2020 if prices return to 2014-2020 prices without having yields well above trend. A return to 2014-2020 average prices seems quite possible. The $677 per acre is higher than all previous non-land costs, surpassing the previous high of $617 per acre in 2014. MSU is an affirmative-action, equal-opportunity employer.

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