How much should I charge for custom farming?
From the custom rate guides, the cost of custom planting depending on the crop and attachments ranges from $16 – $19 per acre. Additionally, use of seed tenders, automatic shut offs, and variable rate seeding will increase rates $3-$4 per acre.
How much should I charge for custom combining?
Corn Combine ——————- $35.95 per acre ($41.35 with Chopper Head) – ($54.10 per acre with Grain Cart & Truck) Soybean Combine ————– $35.10 per acre ($38.50 with Draper Head) – ($51.55 per acre with Grain Cart & Truck) Small Grain Combine ———- $31.90 per acre.
Can you make money farming corn?
From 2000 to 2012, farmer returns averaged $148 per acre for corn and $95 per acre for soybeans. Since 2013, soybeans have been more profitable than corn, albeit at much lower levels. From 2014 to 2018, farmer returns averaged -$30 per acre for corn and $64 per acre for soybeans.
How much does it cost to chop silage?
The cost of chopping usually ranges from $4 to $7 per ton of silage (assumed to contain 35% dry matter). Historically, we have used a charge of $5 per ton. To reflect increasing fuel costs over the past few years, an additional $0.40 per ton was added. Chopping costs per ton decrease as per acre yields increase.
How much should I charge to cut hay?
A common rule of thumb is that it costs approximately $50 per ton to cut, rake, bale and stack hay at the edge of the field. That figure may be lower if doing lots of acres and it may be higher when doing small pieces.
Is custom farming profitable?
In a good year, of course, profits from custom farming will be smaller than under a conventional lease, but this is a common trade-off for reducing risk. Landowners find advantages to custom farming as well. There are no lease payments to collect, since the owner receives all of the crop.
How much does it cost to grow 1 acre of corn?
In the corn divisions, depending upon year, the average maximum and minimum cost per acre is $215 to $260 in the cash grain division, and $187 to $234 in the dairy and livestock division (Table 1).