Agricultural Economics, Department of
Cornhusker Economics
Accessibility Remediation
If you are unable to use this item in its current form due to accessibility barriers, you may request remediation through our remediation request form.
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.
Included in
Agribusiness Commons, Agricultural Economics Commons, Corporate Finance Commons, Operations and Supply Chain Management Commons