WebSep 5, 2024 · Using this information, the total machinery cost per acre was $9.58. Langemeier (2024) and Plastina and Johanns (2024) indicate that the custom rate for field cultivating is approximately $12.75 to $15.25 per acre. The total machinery cost per acre ($9.58 per acre) for the case farm is under these custom rates, indicating that it is … WebJan 4, 2024 · The average value is arrived at by dividing the sum of the purchase price and the salvage value in half. That makes the formula look like this: TIH = 0.01 x (purchase price + salvage value) / 2. For our …
Benchmark machinery ownership, cost per acre - Farm Progress
WebAug 19, 2024 · Total equipment operation and labor cost per acre are estimated at $473. That total includes $322 for labor, $34 for variable electricity, $60 for fuel and lubricants, and $57 for repairs. ... Edwards, W. 2015. Estimating Farm Machinery Costs. Ag Decision Maker File A3-29. Ames, IA: Iowa State University. WebDec 16, 2024 · Using various sources of farm management data, a commonly used crop machinery investment per acre benchmark is a value below $550 per acre. Machinery … paypal funds instant
Average Farmland Prices in Georgia (GA) AcreTrader
WebSep 14, 2024 · The 20% low-profit fields posted a machinery operating cost of $80.42, while the high-profit fields came in at $74.03 per acre. For a producer with 1,000 acres of soybeans, this could mean a difference of $6.39 per acre, or a total cost difference of $6,390 for this one crop. While soybeans showed this smaller difference, spring wheat … WebFor soybeans I have been about $390 per acre. For corn I have been about $512 per acre. Thanks for any input, I appreciate the help, Everyone can stay anonymous if they want. ... Costs per acre per year to run a farm? ... Round #’s $115 seed $100 nitrogen $100 P&K $35 chemical $250 rent machinery is difficult, using custom rates. ~$45 ... WebAug 4, 2024 · A farm utilizing a piece of tillage equipment on fewer acres could purchase a smaller, less expensive implement and reduce cost per acre. As shown in Table 2, a 15-foot chisel plow used on 630 acres has an economic cost of $14.50 per acre and a 21-foot chisel plow used on 882 acres has an economic cost of $16.00 per acre. paypal gaming card elect