New custom rates and machinery costs have been released and are available at the Farm Office website.
Ohio Farm Custom Rates 2020 summarizes data provided by Ohio farmers and custom operators. The document is available here: Ohio Farm Custom Rates 2020. More information and resources can be found at Custom Rates and Machinery Costs | Farm Office (osu.edu)
In case you missed it, Ohio Farm Custom Rates 2020, are newly released. Links below:
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)