Barry Ward, Leader, Production Business Management- OSU Extension, Agriculture & Natural Resources (Source: https://u.osu.edu/ohioagmanager/2022/01/02/ohio-farm-custom-rate-survey-2022-responsesrequested/)
The Ohio Farm Custom Rates Survey data collection has launched once again. The online survey for 2022 is available at: https://go.osu.edu/ohiofarmcustomratesurvey2022
A large number of Ohio farmers hire machinery operations and other farm-related work to be completed by others. This is often due to lack of proper equipment, lack of time, or lack of expertise for a particular operation. Continue reading
By Barry Ward, John Barker and Eric Richer, CCA
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 often referred to as “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.
Ohio Farm Custom Rates 2020 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. Continue reading