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Article
Have Farm Custom Rates Kept Pace with Machinery Costs?
Journal of the American Society of Farm Managers and Rural Appraisers
  • William M. Edwards, Iowa State University
Document Type
Article
Publication Version
Published Version
Publication Date
1-1-2016
Abstract
Average custom rates for eight common farming operations as reported in surveys done in Iowa and Kansas in 1995 were inflated to 2015 values (Iowa) and 2013 values (Kansas) using the Prices Paid indices gathered by the National Agricultural Statistics Service (NASS). The projected rates were generally higher than the average rates reported in surveys completed in the corresponding years, except for planting. Possible explanations for the lag in custom rates include uncertainty about fuel prices, improved fuel efficiency, improved field efficiency, adoption of larger equipment where economies of size exist, and extension of field hours per season
Comments

This is an article from Journal of the American Society of Farm Managers and Rural Appraisers 79 (2016): 22. Posted with permission.

Copyright Owner
American Society of Farm Managers and Rural Appraisers
Language
en
File Format
application/pdf
Citation Information
William M. Edwards. "Have Farm Custom Rates Kept Pace with Machinery Costs?" Journal of the American Society of Farm Managers and Rural Appraisers Vol. 79 Iss. 1 (2016) p. 22 - 40
Available at: http://works.bepress.com/william-edwards/329/