Agricultural Economics Department
Date of this Version
6-29-2022
Citation
Cornhusker Economics June 29, 2022
Abstract
With rising operational costs for agricultural machine hire and services, rates reported on the 2022 University of Nebraska-Lincoln Custom Rates Survey were mostly higher than rates reported on the 2020 survey, ranging from 6% to nearly 20% greater on some common custom services. For example, state average custom rates for harvesting corn and soybeans per acre increased to $41.63 and $40.18 from $39.34 and $37.29, respectively, two years ago. Planting row crop average rates across Nebraska range from $20.17 per acre (no coulters, without band applicator) to $23.50 per acre for ridge planting with band applicator,up 6% to 8% from 2020. Table 1 provides a summary of popular machinery operations for hire, or the rates most reported on from the Nebraska survey, and includes rate averages, the‘most common’ reported rate per operation, and the range of custom rates charged per operation in Nebraska. Agricultural custom rate charges can vary across the state; therefore, the Nebraska Custom Rates Report provides rate details from survey responses grouped by Nebraska Agricultural Statistics Districts.
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