Digital technologies today are shaping how we do business and how we conduct our personal lives. Smart phones, iPads, tablets, and other devices are used daily by people of all ages around the globe. Precision agriculture (PA) technologies are also now common on farms. Farm machinery comes from the manufacturer with technologies already embedded including internet connection capabilities already installed. This abundance of technology is capable of collecting large volumes of data for a field.
Questions often arise as to what constitutes a fair rental price. Since there is not a commercial market for pasture, determining the price often becomes a matter of bargaining. Supply and demand is probably the most important factor in determining the price. If there is a large quantity of pasture available in a given area and very few farmers needing extra pasture, rents may be low. Likewise, if there were little pasture acreage for rent but many farmers needing extra pasture, rents may be bid higher.
Many people have noticed an unusual amount of Crane Flies around their homes in the past two weeks. This is widespread regional phenomenon and environmental conditions for the past year are credited for the outbreak. This is generally expected to be short-lived.
See these two articles discussing Crane Fly emergence:
Farming is a complex business and many Ohio farmers utilize outside assistance for specific farm-related work. This option is appealing for tasks requiring specialized equipment or technical expertise. Often, having someone else with specialized tools perform a task is more cost effective and saves time. Farm work completed by others is called “custom farm work” or more simply, “custom work.” A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider.
This publication reports custom rates based on a statewide survey of 377 farmers, custom operators, farm managers, and landowners conducted in 2020. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc., and the labor for the operation.
(Source: Custom Rates and Machinery Costs, https://farmoffice.osu.edu/farm-mgt-tools/custom-rates-and-machinery-costs, accessed on Oct. 5, 2020)