Many Iowa farmers hire some custom machine work in their farm business or perform custom work for others. Others rent machinery or perform other services.
In order to help producers and custom operators examine the market, Iowa State University Extension and Outreach publishes the Iowa Farm Custom Rate Survey, available online at https://www.extension.iastate.edu/agdm/crops/html/a3-10.html.
This year’s survey, published in March, includes 122 responses and nearly 3,400 custom rates for tasks related to tillage, planting and seeding, spraying, harvesting, farm labor and more. Most custom rates saw an increase of 3-10%, according to Alejandro Plastina, associate professor in economics and extension economist at Iowa State, and one of the authors of the report. The cost for labor increased almost 14%, reflecting the challenges of a tight labor market nationwide.