A large number of Ohio farmers hire out for machinery operations and other farm related work. This is often due to lack of proper equipment, lack of time or lack of expertise for a particular operation. Many farm business owners do not own the necessary equipment for every possible job that they may encounter in the course of operating a farm and may, instead of purchasing the equipment needed, seek out someone with the proper tools necessary to complete the job. This farm work that is completed by others is often referred to as "custom farm work" or, more simply, "custom work." A "custom rate" is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider.
The custom rates reported in this publication are based on a statewide survey conducted in 2014. Two hundred fifty-six farmers, custom operators, farm managers and landowners completed surveys for this research. 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.
Some custom rates published here have a wide range. Possible explanations are the type or size of equipment used, size/shape of fields, condition of the crop (for harvesting operations), the value of labor, the mix of labor and equipment used, and the different income needs of full-time custom operators versus farmers supplementing their income. Also, some custom operations are provided at bargain rates due to family relationships between the parties or due to the fact that custom providers may see an increased probability of eventually securing the custom farmed farmland in a cash rental or other rental agreement.
Average custom rates reported in this publication are a simple average of all the survey responses. The "Range" rates represent -/+ one standard deviation around the average. (Standard deviation is a measure of the variability of the survey responses; one standard deviation both above and below the average includes approximately two-thirds of all survey responses.) The "Median" represents the middle value in the survey responses. The "Minimum" and "Maximum" reported reference the minimum and maximum responses from the survey data for a given operation.
Charges may be added if the custom provider considers a job abnormal. A job may be considered abnormal due to the distance from the operator's base location, the difficulty of the terrain, the amount of product or labor involved with the operation or other special requirements of the custom work customer.
There is no assurance that the average rates reported in this publication will cover your total costs for performing the custom service or that you will be able to hire a custom operator for the average rate published in this fact sheet. Calculate your own costs carefully before determining the rate to charge or pay. It may be helpful to compare these custom rates with machinery costs calculated using an economic engineering approach. The data calculated with this approach are intended to show a representative farming industry cost for specified machines and operations. The following resources are available to help you calculate and consider the total costs of performing a given machinery operation. Users may also consider using the data contained in these resources as a base for future custom rates.
- Farm management decision tools (aede.osu.edu/research/osu-farm-management/decision-tools)
- Machinery cost estimates (faculty.apec.umn.edu/wlazarus/documents/machdata.pdf)
- Farm economics facts and opinions (farmdoc.illinois.edu/manage/index.asp)
- Estimating farm machinery costs (extension.iastate.edu/agdm/crops/html/a3-29.html)
Before entering into an agreement, discuss all of the details of the specific job with the other party.
Fuel prices impact custom rates, and rates may fluctuate based on large movements in fuel prices. The approximate price of diesel fuel at the time of this survey was $3.25–$3.75 per gallon for off-road (farm) usage.
| Soil Preparation | Avg* | Std | Range | Med | Min | Max |
|---|---|---|---|---|---|---|
| Stalk Chopper / Acre | 12.55 | 3.35 | $9.15 - $15.90 | 12.00 | 7.00 | 20.00 |
| Moldboard Plow / Acre | 20.40 | 5.03 | $15.35 - $25.40 | 20.00 | 15.00 | 34.50 |
| Chisel Plow / Acre | 17.10 | 5.10 | $12.00 - $22.20 | 16.00 | 10.00 | 34.50 |
| Disk Chisel / Acre | 19.00 | 4.50 | $14.55 - $23.50 | 18.00 | 12.00 | 34.50 |
| Disk-Tandem / Acre | 13.20 | 3.69 | $9.50 - $16.85 | 12.00 | 8.00 | 25.00 |
| Disk-Offset / Acre | 19.30 | 4.13 | $15.15 - $23.45 | 17.50 | 15.00 | 25.00 |
| Soil Finishing / Acre | 14.85 | 4.13 | $10.70 - $19.00 | 14.00 | 10.00 | 26.00 |
| Field Cultivator / Acre | 13.80 | 3.92 | $9.85 - $17.70 | 12.00 | 9.00 | 26.00 |
| Land Leveling / Acre | 12.30 | 4.40 | $7.90 - $16.70 | 10.00 | 8.00 | 22.00 |
| Land Leveling / Hour | 68.35 | 25.82 | $42.50 - $94.15 | 75.00 | 25.00 | 100.00 |
| Sub-soiling / Acre | 20.20 | 4.80 | $15.40 - $25.00 | 20.00 | 12.00 | 30.00 |
| V-Ripping / Acre | 24.30 | 5.76 | $18.55 - $30.10 | 24.25 | 16.00 | 40.00 |
| Strip Tillage / Acre | 18.50 | 3.39 | $15.10 - $21.90 | 19.00 | 14.00 | 24.00 |
| Strip Tillage w/ Fertilizer Injection / Acre | 24.75 | 11.06 | $13.70 - $35.80 | 22.00 | 16.00 | 39.00 |
| Fertilizer Application - Ground | Avg* | Std | Range | Med | Min | Max |
| Dry Bulk / Acre | 6.15 | 1.70 | $4.45 - $7.85 | 6.00 | 3.00 | 13.00 |
| Liquid Knife / Acre | 9.50 | 3.43 | $6.05 - $12.90 | 9.00 | 3.00 | 18.00 |
| Liquid Spray / Acre | 7.15 | 2.17 | $5.00 - $9.35 | 7.00 | 3.00 | 15.00 |
| Anhydrous / Acre | 12.90 | 4.10 | $8.80 - $17.00 | 12.38 | 6.50 | 24.00 |
| Lime / Acre | 8.05 | 2.84 | $5.20 - $10.90 | 8.00 | 3.50 | 15.00 |
| Lime / Ton | 7.30 | 3.19 | $4.10 - $10.45 | 6.50 | 2.00 | 18.00 |
| Chemical Control of Weeds or Insects | Avg* | Std | Range | Med | Min | Max |
| Spraying - Self Propelled / Acre | 7.00 | 1.79 | $5.20 - $8.80 | 6.50 | 4.00 | 15.00 |
| Spraying - Pull Type / Acre | 7.00 | 2.41 | $4.60 - $9.45 | 6.38 | 3.00 | 15.00 |
| Highboy Spraying / Acre | 8.75 | 2.70 | $6.05 - $11.45 | 7.50 | 5.50 | 15.00 |
| Mechanical Weed Control | Avg* | Std | Range | Med | Min | Max |
| Rotary Hoeing / Acre | 7.00 | 2.03 | $4.85 - $8.90 | 7.50 | 4.00 | 10.00 |
| Aerial Application | Avg* | Std | Range | Med | Min | Max |
| Fertilizer / Acre | 11.60 | 3.14 | $8.45 - $14.75 | 11.00 | 7.50 | 18.00 |
| Seed / Acre | 11.30 | 2.33 | $8.95 - $13.60 | 10.00 | 9.00 | 17.00 |
| Chemicals / Acre | 10.50 | 1.54 | $8.95 - $12.00 | 11.00 | 7.00 | 12.00 |
| Planting Operations - Conventional Till | Avg* | Std | Range | Med | Min | Max |
| Plant Corn 30" Rows / Acre | 17.80 | 4.82 | $12.95 - $22.60 | 17.00 | 10.00 | 30.00 |
| Plant Corn w/ Starter Fertilizer 30" Rows / Acre | 19.50 | 5.27 | $14.20 - $24.75 | 18.25 | 10.00 | 34.00 |
| Plant Soybeans 15" Rows / Acre | 18.80 | 5.31 | $13.50 - $24.10 | 18.00 | 10.00 | 30.00 |
| Plant Soybeans 30" Rows / Acre | 18.40 | 5.78 | $12.60 - $24.15 | 18.00 | 12.00 | 28.00 |
| Drill Soybeans / Acre | 16.25 | 4.08 | $12.20 - $20.35 | 15.00 | 10.00 | 26.00 |
| Drill Small Grains / Acre | 16.60 | 4.67 | $11.95 - $21.25 | 15.50 | 10.00 | 26.00 |
| *Avg = Average; Std = Standard Deviation; Range = Average -/+ 1 Standard Deviation; Med = Median; Min = Minimum; Max = Maximum | ||||||
| Planting Operations - No-Till | Avg* | Std | Range | Med | Min | Max |
| Plant Corn 30" Rows / Acre | 19.45 | 5.34 | $14.10 - $24.80 | 18.50 | 10.00 | 32.00 |
| Plant Corn w/ Starter Fertilizer 30" Rows / Acre | 20.90 | 5.95 | $14.95 - $26.85 | 20.00 | 10.00 | 36.00 |
| Plant Soybeans 15" Rows / Acre | 19.05 | 5.09 | $13.95 - $24.15 | 18.50 | 10.00 | 32.00 |
| Plant Soybeans 30" Rows / Acre | 20.40 | 6.56 | $13.80 - $26.95 | 19.00 | 12.00 | 34.00 |
| Drill Soybeans / Acre | 17.30 | 3.92 | $13.40 - $21.25 | 17.00 | 10.00 | 28.00 |
| Drill Small Grains / Acre | 16.75 | 4.08 | $12.65 - $20.85 | 16.00 | 10.00 | 26.00 |
| Planting Operations - Grass / Legume / Pasture Seeding | Avg* | Std | Range | Med | Min | Max |
| Broadcast / Acre | 11.15 | 5.22 | $5.90 - $16.35 | 9.00 | 6.00 | 20.00 |
| Grain Drill / Acre | 16.80 | 5.24 | $11.55 - $22.05 | 16.00 | 9.50 | 26.00 |
| Planting Operations - Grain Harvest | Avg* | Std | Range | Med | Min | Max |
| Harvest Corn-Combine & Grain Cart / Acre | 34.65 | 7.50 | $27.15 - $42.15 | 33.00 | 25.00 | 68.00 |
| Harvest Soybeans-Combine & Grain Cart / Acre | 32.00 | 6.07 | $25.90 - $38.05 | 31.00 | 23.00 | 50.00 |
| Harvest Wheat-Combine & Grain Cart / Acre | 31.80 | 6.28 | $25.55 - $38.10 | 30.00 | 22.00 | 50.00 |
| Combine Corn / Acre | 28.75 | 5.21 | $23.55 - $34.00 | 28.00 | 16.00 | 45.00 |
| Combine Soybeans / Acre | 28.10 | 5.28 | $22.85 - $33.40 | 27.50 | 16.00 | 45.00 |
| Combine Small Grains / Acre | 27.70 | 5.23 | $22.45 - $32.95 | 26.50 | 16.00 | 45.00 |
| Ear Corn Picker / Acre | 29.40 | 6.07 | $23.35 - $35.50 | 25.00 | 25.00 | 37.00 |
| Grain Cart / Acre | 6.20 | 3.37 | $2.85 - $9.60 | 5.00 | 2.00 | 15.00 |
| Grain Storage - On Farm | Avg* | Std | Range | Med | Min | Max |
| Storage / Month / Bushel | $0.045 | $0.02 | $0.025 - $0.065 | $0.04 | $0.03 | $0.10 |
| Storage / Year / Bushel | $0.315 | $0.10 | $0.210 - $0.415 | $0.33 | $0.18 | $0.48 |
| Grain Haul | Avg* | Std | Range | Med | Min | Max |
| Farm to Market / Bushel | $0.16 | $0.07 | $0.090 - $0.230 | $0.15 | $0.05 | $0.47 |
| Average Miles - Farm to Market | 23.6 | 17.0 | 6.6 - 40.6 | 20.0 | 3.0 | 81.4 |
| Field to Farm / Bushel | $0.10 | $0.04 | $0.055 - $0.140 | $0.10 | $0.03 | $0.20 |
| Average Miles - Field to Farm | 8.7 | 5.4 | 3.3 - 14.1 | 10.0 | 1.0 | 25.0 |
| Custom Farming - Tillage, Plant, Spray/Tending, Harvest (all or a combination of those listed) | Avg* | Std | Range | Med | Min | Max |
| Corn / Acre | $122.20 | $32.04 | $90.15 - $154.25 | $125.00 | $70.00 | $175.00 |
| Soybeans / Acre | $103.50 | $22.33 | $81.15 - $125.80 | $100.00 | $65.00 | $140.00 |
| Small Grains / Acre | $97.30 | $27.07 | $70.20 - $124.35 | $88.00 | $70.00 | $140.00 |
| Corn Silage Harvest - Upright Silo | Avg* | Std | Range | Med | Min | Max |
| Chop - Corn Silage / Ton | $5.50 | $0.41 | $5.10 - $5.90 | $5.50 | $5.00 | $6.00 |
| Chop, Haul, and Fill - Corn Silage / Ton | $7.40 | $0.95 | $6.45 - $8.30 | $7.75 | $6.00 | $8.00 |
| Chop, Haul, and Fill - Corn Silage / Hour | $183.35 | $28.87 | $154.50 - $212.20 | $200.00 | $150.00 | $200.00 |
| Corn Silage Harvest - Bunker Silo | Avg* | Std | Range | Med | Min | Max |
| Chop - Corn Silage / Ton | $6.25 | $1.09 | $5.15 - $7.35 | $6.00 | $5.00 | $7.50 |
| Chop, Haul, and Fill - Corn Silage / Ton | $6.90 | $2.68 | $4.25 - $9.60 | $7.13 | $3.50 | $10.00 |
| Corn Silage Harvest - Silage Bag | Avg* | Std | Range | Med | Min | Max |
| Chop - Corn Silage / Ton | $5.50 | $0.50 | $5.00 - $6.00 | $5.50 | $5.00 | $6.00 |
| Chop, Haul, and Fill - Corn Silage / Ton | $6.50 | $4.95 | $1.55 - $11.45 | $6.50 | $3.00 | $10.00 |
| *Avg = Average; Std = Standard Deviation; Range = Average -/+ 1 Standard Deviation; Med = Median; Min = Minimum; Max = Maximum | ||||||
| Haylage Harvest - Bunker Silo | Avg* | Std | Range | Med | Min | Max |
| Chop - Haylage / Ton | $6.50 | $0.50 | $6.00 - $7.00 | $6.50 | $6.00 | $7.00 |
| Chop, Haul, and Fill - Haylage / Ton | $8.50 | $1.32 | $7.20 - $9.80 | $8.00 | $7.50 | $10.00 |
| Pack Bunker Silo / Hour | $85.00 | $18.03 | $67.00 - $103.05 | $90.00 | $65.00 | $100.00 |
| Fill Silage Bag / Ton | $5.65 | $1.89 | $3.75 - $7.55 | $6.50 | $3.50 | $7.00 |
| Haylage Harvest - Straw Harvest | Avg* | Std | Range | Med | Min | Max |
| Mowing / Acre | $13.15 | $4.55 | $8.60 - $17.70 | $12.75 | $5.00 | $25.00 |
| Mowing / Conditioning / Acre | $14.20 | $3.69 | $10.50 - $17.90 | $14.00 | $6.00 | $25.00 |
| Raking / Acre | $6.80 | $3.30 | $3.50 - $10.10 | $5.50 | $3.00 | $15.00 |
| Tedding / Acre | $6.95 | $3.08 | $3.85 - $10.00 | $6.00 | $3.00 | $12.00 |
| Haylage Harvest - Baling: Small Square Bales | Avg* | Std | Range | Med | Min | Max |
| Bale / Drop in Field / Bale | $0.65 | $0.31 | $0.35 - $0.95 | $0.55 | $0.25 | $1.25 |
| Bale and Load on Wagon / Bale | $0.80 | $0.35 | $0.45 - $1.15 | $0.75 | $0.35 | $1.60 |
| Haul From Field and Store / Bale | $0.40 | $0.17 | $0.25 - $0.60 | $0.40 | $0.25 | $0.60 |
| Bale, Load, Haul and Store / Bale | $1.50 | $0.79 | $0.75 - $2.30 | $1.38 | $0.50 | $3.00 |
| Haylage Harvest - Baling: Large Round Bales ~1500# | Avg* | Std | Range | Med | Min | Max |
| Baled and Left in Field / Bale | $10.10 | $3.06 | $7.05 - $13.15 | $9.25 | $7.00 | $15.00 |
| Baled and Net Wrapped and Left in Field / Bale | $10.90 | $4.01 | $6.90 - $14.90 | $8.75 | $8.00 | $17.00 |
| Haylage Harvest - Baling: Large Round Bales ~600-1000# | Avg* | Std | Range | Med | Min | Max |
| Baled and Left in Field / Bale | $8.75 | $2.09 | $6.65 - $10.85 | $8.00 | $6.00 | $15.00 |
| Baled and Net Wrapped and Left in Field / Bale | $9.50 | $2.60 | $6.90 - $12.10 | $8.75 | $6.25 | $18.00 |
| Baled and Hauled from Field / Bale | $11.65 | $2.50 | $9.15 - $14.10 | $11.75 | $9.00 | $14.00 |
| Baled and Wrapped Wet in Plastic | $15.90 | $5.63 | $10.25 - $21.50 | $17.25 | $8.00 | $21.00 |
| (Plastic Included) / Bale - Large Square | Avg* | Std | Range | Med | Min | Max |
| Baled and Left in Field / Bale | $10.65 | $3.39 | $7.25 - $14.05 | $9.50 | $7.00 | $16.00 |
| Baled and Wrapped Wet in Plastic | $18.00 | $3.61 | $14.40 - $21.60 | $17.00 | $15.00 | $22.00 |
| (Plastic Included) / Bale - Complete Hay Harvest - Shares | Avg* | Std | Range | Med | Min | Max |
| % of Crop to Custom Provider | 55.3 | 7.0 | 48.4 - 62.3 | 50.0 | 50.0 | 67.0 |
| Manure Application | Avg* | Std | Range | Med | Min | Max |
| Spread Manure / Ton | $8.00 | $1.58 | $6.40 - $9.60 | $8.00 | $6.00 | $10.00 |
| Manure Spread by Dragline | Avg* | Std | Range | Med | Min | Max |
| Pump and Spread / per 1000 gallon | $8.45 | $1.17 | $7.25 - $9.60 | $8.00 | $7.00 | $10.00 |
| Hired Labor | Avg* | Std | Range | Med | Min | Max |
| Machinery Operations / Hour | $14.00 | $3.15 | $10.85 - $17.15 | $15.00 | $8.00 | $20.00 |
| Milking Cows / Hour | $11.90 | $3.36 | $8.50 - $15.25 | $11.00 | $10.00 | $20.00 |
| General Farm Labor / Hour | $11.20 | $2.37 | $8.80 - $13.55 | $10.00 | $7.50 | $19.00 |
| *Avg = Average; Std = Standard Deviation; Range = Average -/+ 1 Standard Deviation; Med = Median; Min = Minimum; Max = Maximum | ||||||
| Drainage and Tile Installation - Ditching Machine (without materials) | Avg* | Std | Range | Med | Min | Max |
| 4" Plastic / Foot | $0.49 | $0.18 | $0.31 - $0.66 | $0.46 | $0.30 | $0.90 |
| 6" Plastic / Foot | $0.51 | $0.23 | $0.28 - $0.74 | $0.48 | $0.25 | $1.00 |
| 8" Plastic / Foot | $0.65 | $0.31 | $0.34 - $0.96 | $0.55 | $0.25 | $1.20 |
| 10" Plastic / Foot | $0.66 | $0.35 | $0.31 - $1.01 | $0.70 | $0.25 | $1.00 |
| Typical Depth - Inches | 33.2 | 5.1 | 28.1 - 38.3 | 33.0 | 24.0 | 42.0 |
| Typical Lateral Spacing - Feet | 37.8 | 10.6 | 27.1 - 48.4 | 35.0 | 30.0 | 60.0 |
| Drainage and Tile Installation - Drainage Plow (without materials) | Avg* | Std | Range | Med | Min | Max |
| 4" Plastic / Foot | $0.24 | $0.08 | $0.16 - $0.32 | $0.22 | $0.14 | $0.41 |
| 5" Plastic / Foot | $0.33 | $0.06 | $0.28 - $0.39 | $0.30 | $0.30 | $0.40 |
| 6" Plastic / Foot | $0.52 | $0.28 | $0.24 - $0.80 | $0.48 | $0.20 | $1.25 |
| Typical Depth - Inches | 33.1 | 3.0 | 30.0 - 36.1 | 33.0 | 30.0 | 39.0 |
| Typical Lateral Spacing - Feet | 39.3 | 8.5 | 30.8 - 47.7 | 40.0 | 30.0 | 60.0 |
| Drainage and Tile Installation - Drainage Plow (with materials) | Avg* | Std | Range | Med | Min | Max |
| 4" Plastic / Foot | $0.54 | $0.12 | $0.41 - $0.66 | $0.50 | $0.34 | $0.80 |
| Miscellaneous | Avg* | Std | Range | Med | Min | Max |
| Bush Hogging / Acre | $17.05 | $11.69 | $5.35 - $28.75 | $13.00 | $8.00 | $62.50 |
| Income Tax Preparation / Hour | $73.50 | $33.52 | $40.00 - $107.00 | $60.00 | $40.00 | $125.00 |
| Income Tax Preparation / Return | $364.50 | $205.68 | $158.80 - $570.15 | $350.00 | $40.00 | $950.00 |
| Track Hoe / Cleaning Ditches / Hour | $99.40 | $28.63 | $70.75 - $128.00 | $100.00 | $45.00 | $150.00 |
| Remove Snow with Loader / Hour | $69.65 | $28.65 | $41.00 - $98.30 | $70.00 | $25.00 | $125.00 |
| Remove Snow with Blade / Hour | $56.90 | $26.33 | $30.55 - $83.20 | $60.00 | $15.00 | $100.00 |
| Remove Snow with Blower / Hour | $83.55 | $17.25 | $66.30 - $100.80 | $85.00 | $60.00 | $100.00 |
| Hauling Livestock / Loaded / Mile | $2.30 | $0.86 | $1.45 - $3.15 | $2.00 | $1.00 | $3.75 |
| Bulldozing per Foot of Blade / Hour | $9.40 | $2.19 | $7.20 - $11.60 | $9.69 | $6.25 | $15.00 |
| Soil Testing / Sample | $18.30 | $10.28 | $8.00 - $28.55 | $17.00 | $7.50 | $32.50 |
| Soil Testing / Acre | $5.55 | $1.87 | $3.65 - $7.40 | $5.00 | $4.00 | $10.00 |
| Grid Soil Sampling / Acre | $8.50 | $3.41 | $5.10 - $11.90 | $8.00 | $4.00 | $18.50 |
| Power Washing / Hour | $32.70 | $16.64 | $16.05 - $49.35 | $40.00 | $10.00 | $50.00 |
| Machinery Rental | Avg* | Std | Range | Med | Min | Max |
| Tractor / $ Per Horsepower / Hour | $0.34 | $0.20 | $0.14 - $0.53 | $0.28 | $0.10 | $1.00 |
| Corn Planter: Conventional / Acre | $12.55 | $5.88 | $6.70 - $18.45 | $12.50 | $6.00 | $25.00 |
| Average Number of Rows | 12.0 | 8.5 | 3.5 - 20.5 | 12.0 | 6.0 | 30.0 |
| Corn Planter: No-Till / Acre | $13.15 | $6.56 | $6.55 - $19.70 | $13.00 | $6.00 | $25.00 |
| Average Number of Rows | 12.0 | 7.9 | 4.1 - 19.9 | 12.0 | 6.0 | 30.0 |
| Combine / Separator Hour | $174.00 | $58.89 | $115.10 - $232.90 | $155.00 | $100.00 | $250.00 |
| Combine / Acre | $30.80 | $5.63 | $25.15 - $36.45 | $30.00 | $25.00 | $38.00 |
| Avg Grain Table Header Width in Ft | 28.3 | 2.6 | 25.8 - 30.9 | 30.0 | 25.0 | 30.0 |
| Avg Number of Corn Header Rows | 7.7 | 0.8 | 6.9 - 8.5 | 8.0 | 6.0 | 8.0 |
| Grain Drill: No-Till / Acre | $11.60 | $4.37 | $7.25 - $15.95 | $10.00 | $6.00 | $25.00 |
| Average Width in Feet | 17.5 | 8.0 | 9.5 - 25.5 | 15.0 | 10.0 | 40.0 |
| Bobcat or Skid Steer Loader / Day | $226.40 | $153.66 | $72.70 - $380.05 | $157.50 | $80.00 | $450.00 |
| Dry Bulk Fertilizer Applicator / Acre | $3.30 | $1.58 | $1.70 - $4.85 | $2.40 | $2.00 | $5.00 |
| Liquid Fertilizer Applicator / Acre | $5.70 | $3.56 | $2.15 - $9.25 | $4.75 | $2.00 | $12.00 |
| *Avg = Average; Std = Standard Deviation; Range = Average -/+ 1 Standard Deviation; Med = Median; Min = Minimum; Max = Maximum | ||||||
| Facility Rental | Avg* | Std | Range | Med | Min | Max |
| Machinery Storage - Square Foot / Year | $0.51 | $0.25 | $0.26 - $0.76 | $0.52 | $0.25 | $1.00 |
| *Avg = Average; Std = Standard Deviation; Range = Average -/+ 1 Standard Deviation; Med = Median; Min = Minimum; Max = Maximum | ||||||
| Types of charges | Sample calculations (using 2014 average field cultivator rate) | Your calculations |
|---|---|---|
| 1. Custom charge including labor, fuel and tractor. | $13.80 per acre | $__________per acre |
| 2. Percent of custom charge for interest, insurance, depreciation and repairs, excluding fuel and labor. (Use 70% for tillage or 80% for planting and harvesting.). | 70% | __________% |
| 3. Rental value including tractor. (Multiply steps 1 and 2 above.). | $9.66 per acre | $__________per acre |
| 4. Tractor rental value if tractor is not provided. (Use the following equation.): ___HP x $___per HP-hour rental rate (using 2014 average HP-hour rental rate) ÷ ___acres per hour Example: 310 HP x $.34 per HP-hour rental rate ÷ 33 acres per hour = $3.19 per acre | $3.19 per acre | $__________per acre |
| 5. Implement rental value without tractor. (Subtract Step 4 from Step 3 above.). | $6.47 per acre | $__________per acre |
Written Sept. 12, 2014 by Barry Ward, Leader, Production Business Management, Department of Agricultural, Environmental and Development Economics, Ohio State University Extension.
Reviewed by Barry Ward, Assistant Professor, College of Food, Agricultural, and Environmental Sciences, Ohio State University Extension.
