Custom machine work rate estimates available
2016 farm machine work rates for Michigan summary is now available.
Farmers continue to utilize the practice of exchanging machine work between their farms. This practice has and will continue to be a useful management tool. The Michigan “Farm Machine Work Rate for 2016” summary report has been posted on the FIRM –Michigan State University Extension’s farm management webpage. This annual report provides Michigan farms a reference tool to assist them in the process of establishing a value for farm machine work being exchanged between farms. This report is not the real cost of any one farm but is a summary of custom rate values taken from several sources. The report has been compiled and published to be used as a reference or starting point for farms to use in identifying their own farm’s actual numbers.
In this report, you will find that the overall cost of farm equipment continues to increase along with the cost of labor and overhead pushing most reported costs higher. The one bright spot is the price of fuel which is lower than the last report providing some relief in the operational costs.
For those farms needing to look back to a previous season, you can still find a copy of the past couple of year’s Farm Machine Work Rate reports still posted on our webpage.