1993 to document.write(new Date().getFullYear()) Curators of the University of Missouri, all rights reserved, DMCA and other copyright information. Farm Progress Show annually hosts more than 600 exhibitors displaying new farm equipment, tractors, combines and farm implements; seed and crop protection products; and many additional farm supplies and services. Overhead includes depreciation, interest, insurance and housing, and repairs. Machinery Cost Estimates for 2019 - farmdoc daily of K. However, it is important to calculate N losses at about 75%, thus only about 10 lbs. Demand factors also will impact prices, with primary importance being demand from China. endstream endobj startxref Total non-land costs for corn are projected at $677 per acre, up by $70 per acre from the 2021 level of $607 per acre. A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. In all cases, estimated costs went up and ranged from 2% to 19%. These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Note that ad hoc government payments, including Market Facilitation Program (MFP) and Coronavirus Food Assistance Program (CFAP) payments, were important sources of revenue. 61801, Communications and Information Technology, Our Impact in Agriculture and Natural Resources, Our Impact in Community & Economic Development, Our Impact in Illinois Nutrition Education Programs, Our Impact in Integrated Health Disparities, Backyard Beef: A guide to small-scale feeding, 2023 University of Illinois Board of Trustees. Copies of the new guide can also be obtained from the Extension Crawford County Office at 608-326-0223. Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, July 27, 2021. Yields for 2021 have been raised slightly from trends, as the growing season appears favorable across much of Illinois. Disclaimer: We request all readers, electronic media and others follow our citation guidelines when re-posting articles from farmdoc daily. As a result, a bale of hay sitting in the field costs $33.11. Unlike the farmdoc machinery cost estimates which represent actual economic cost of performing the harvest operation, the custom rate survey reports actual rates expected to be charged or paid in 2020. The articles are written by Extension Specialists. Editors note Most of the increases are due to increases in list prices of machines. Go to Custom Rates Every ton of hay contains approximately 40 lbs. Costs for most operations are higher in 2019 than in 2017.
