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2016 Custom farming agreements: Rates advantages and agreement basics
2016-04-27 01:09:00| Corn & Soybean Digest
Although the concept of a custom farming agreement is simple, close communication between the custom operator and the landowner is essential. A written contract for the custom farming agreement should definitely be prepared. Focus on Ag read more
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advantages
2016 Custom farm rates hold steady
2016-03-21 21:17:00| Corn & Soybean Digest
The 2016 custom farming rates for corn and soybean production declined about 5 percent compared to a year earlier. In addition to the decline in fuel costs compared to 2015 levels, repair and labor expenses increased slightly from the previous year. Focus on Ag read more
Custom farming agreement rates, benefits, considerations
2015-06-02 22:27:00| Corn & Soybean Digest
An alternative to leasing farmland is a Custom Farming Agreement. In a typical custom farming agreement, the custom operator agrees to perform all the machine operations on the owners land in exchange for a set fee or rate. The landowner pays for all seed, fertilizer, chemicals, crop insurance and other input costs; receives the all grain produced and all eligible farm program payments on the land; and is responsible to store and market the grain. Focus on Ag read more
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benefits
Custom farming rates increase for 2015
2015-03-31 22:14:00| Corn & Soybean Digest
As has been the trend in recent years, average 2015 custom rates for farm work are likely to show a small increase, compared to 2015 custom rates. Most custom rates for tillage, planting, and harvest operations in 2015 are listed at 2-5% above the rates for similar operations in 2014, with an average increase of about 3.5%. Focus on Ag read more
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Finalizing custom rates for 2014
2014-12-02 23:44:00| Corn & Soybean Digest
An analysis of some of the more common custom rates in the 2014 Iowa Custom Rate Survey showed that the listed average custom rates for some farming practices may be a bit low, given the higher ownership costs of larger farm machinery, higher fuel expenses that have existed in 2014, and the difficult field conditions that existed in some areas. Focus on Ag read more
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custom
finalizing
custom rates