Agricultural Economics Department
Date of this Version
6-26-2024
Document Type
Newsletter Issue
Citation
Cornhusker Economics (June 26, 2024)
Agricultural Economics, University of Nebraska-Lincoln
Abstract
The 2024 University of Nebraska-Lincoln Custom Rates Survey indicates that rate increases are the norm since the latest survey was completed in 2022. Table 1 provides a summary and percentage change for several common custom operations from 2022 to 2024. Custom field operations such as drilling and planting show increases in 2024 from seven to twenty-seven percent and harvesting rates for various crops indicate state average rate increases from fourteen to twenty-three percent, with the irrigated corn harvest now at $47.84 per acre for the state average. Other custom services, such as spraying for weed control using a self-propelled sprayer, increased by just over one dollar per acre. Baling and swathing state average rates increased overall. Hauling grain to storage or elevator on a per bushel basis jumped from $0.08 to $0.15 per bushel.
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Agribusiness Commons, Agricultural Economics Commons, Corporate Finance Commons, Operations and Supply Chain Management Commons