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Custom Rates for Farm Services and Equipment Rental
Custom Rates for Farm Services and Equipment Rental
Home » Ag Land Pricing and Contracts » Custom Rates for Farm Services and Equipment Rental
How to determine rates of farm services in Wisconsin
The Custom Rate Guide (2020) summarizes rates paid by Wisconsin farmers who hired custom work, custom operators and farmers who performed custom work, and machinery dealers who rented out equipment for field operations including:
- Tillage
- Fertilizer and chemical application
- Manure services
- Planting
- Harvest operations
- Hauling and trucking
- Machinery rental
Since prices have increased significantly since 2020, farmers may want to review how to Estimate Custom Rates using updated data from 2023.
How to determine the price of hay in Wisconsin
The hay market report provides the most current and historical records of hay market trends in the upper Midwest. The report accounts for different types of bale packages as well as hay grade (Prime to Grade 2).
The only way to determine hay grade is with a forage test. Grades assess moisture as well as relative feed quality or relative feed value, which is driven primarily on fiber digestibility and protein. Additional tools are available to estimate standing alfalfa and standing corn silage prices on the Extension Crops and Soils website.
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Tools for Pricing Standing Corn Silage
Extension has developed online tools to help corn growers and dairy and livestock producers negotiate a fair price for corn silage. The tools encourage communication between buyers and sellers.
Pricing Standing Alfalfa
Pricing standing alfalfa requires an open conversation between buyer and seller, with both parties understanding the inherent value of the forage as well as the cost and risks of harvesting.
Estimating Custom Rate for 2023 Wisconsin Farm Operations
As the 2023 crop season get started, landowners and custom service providers are negotiating custom rates, but the newest Custom Rate Guide for Wisconsin is from 2020[1]. Prices have increased a lot over the past three years.
