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In August, Ceres Solutions Cooperative Inc. announced to its members and customers in Clay County, Indiana, its intent to cease receiving grain effective December 31 at its Brazil and Clay City locations. Most of the farmers in the 1,500- to 1,800-acre category already truck greater distances depending on prices. farmdoc daily (10):151, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, August 18, 2020. The new regulation will let States follow the updated standards of the American Association of State Highway and Transportation Officials, among others, without requiring an FHWA exception. These rates are only intended as a guide. 2020 The economic costs of owning and operating a grain cart exceed even the maximum reported custom rate for corn, and are near the upper end of custom rates reported for soybeans. This will affect every farmer in Clay County, he said, pointing out that such concentration leads to longer lines of trucks at fewer elevators farther apart. Raising soybeans statutory reference price of $8.40 to levels comparable to other crops will be difficult. For the week ending December 10, total inspections of grain (corn, wheat, and soybeans) for export from all major U.S. export regions totaled 3.6 million metric tons (mmt). published_date | Publish on this future date. ARC-CO is a revenue program that makes payments when county revenue is below 86% of benchmark revenue. 0.6% of price/point above 5.0. For the week ending December 10, 45 oceangoing grain vessels were loaded in the Gulf41 percent more than the same period last year. On 1100 that would be 33 bushel X 6.50 that would be 215 -60 for There were no non-shuttle bids/offers this week. For a detailed statement, please see the University of Illinois Copyright Information and Policies here. Sealed grain storage must be paid when the warehouse receipt is issued. The economic cost of harvesting soybeans is $32.70 per acre, nearly $3 per acre below the custom rate average and median. Percentages were calculated from PLCs inception in 2014 to 2022. In 2018 the extra charge was averaged $0.226 per bushel of grain sorghum for yields greater than 48 bushels per acre. Table 1: Grain Transport Cost Indicators (xlsx) - Weekly changes in truck, rail, barge, and ocean freight rates using diesel prices, nearby secondary rail market rates, Illinois barge rates, and ocean freight rates from U.S. Gulf and PNW to Japan as proxies. The desirable moisture level for harvested soybeans is 13% moisture. Shane Litz, vice-president and commercial loan officer at Terre Haute Savings Bank, said the local elevators decision to close its grain business will impact farmers throughout the region. Given all that, its increasingly problematic for producers under about 1,500 acres to handle the increased costs associated with trucking grain an extra 20 to 40 miles, let alone finance extensive capital improvements such as bins on their own farm, he said. Alberta Custom trucking is generally less challenging to hire than other harvest operations. man arrested on felony counts in $47K grain theft, Resources available for California farms affected by 2023 flooding, Breaking new ground with national corn yield contests, Animal-rights activists secure ban on Brazilian live cattle export, JBS cancels contract with company fined for hiring minors, Missouri man who killed Diemel brothers charged with federal crimes, Ag on Instagram: The best farm photos from April 28, 2023, Ag on Instagram: The best farm photos from April 27, 2023, Ag on Instagram: The best farm photos from April 26, 2023, Luke Bryan announces 2023 Farm Tour to kick off in Kentucky, Why influencers prevail over science communicators on social media, KIOTI introduces new CK20 and DK20 series tractors, From farm to crown? For a given size of combine, the economic cost per acre declines as the acreage increases. Rates Grain Hauling Cost Calculator farmdoc daily(13):71,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,April 18, 2023. In September this year, the Ag Economy Barometer, a nationwide monthly survey of producers, reported a drop of 14 points to a reading of 124, the weakest sentiment of farmers since July 2020 when it hit 118 amid the first big wave of COVID-19 quarantine measures. Web4.0 cents per point of moisture, per bushel, removed from 19.1 24.0%, split on half points. Grain storage was going to be tight, and many producers around the country were already investing in their own grain bins. Comments can be submitted until December 24. Combines are the largest cost machinery item on most Midwest grain farms. This was 36 percent more than the previous week and 58 percent more than the same period last year. Hauling grain from the farm to MRGAs Casselton terminal* 0-20 miles to terminal. These include resurfacing, restoration, and rehabilitation projects on all National Highway System (NHS) roadways, including interstates. The additional cost associated with that drive is just one too many, Rubeck said. <> 4 0 obj <>/Metadata 6449 0 R/ViewerPreferences 6450 0 R>> Given this reference price, PLC would have paid in 2018 and 2019, the height of the trade war. WebIndustrial Hemp Grain Production Budget Estimated costs per acre, conventional tillage, Pennsylvania, 2018 Item Quantity Unit Price Total Your Estimate Variable Costs Custom operations Soil test 1.0 acre $2.00 $2.00 Combine small grain 1.0 acre $33.10 $33.10 Grain hauling 320.0 bushel-mile $0.04 $12.80 The 2018 Farm Bill added the effective reference price (see farmdoc daily, June 29, 2022). Musty 5 cents/bushel Corn Overview - CME Group The economic cost of harvesting corn is $37.61 per acre, within $2 per acre of the custom rate average and median. This was 2 percent lower than last week, but still represented a significant increase in outstanding sales from the same time last year. Figure 3 shows payments for the type all or non-irrigated series for each county with an ARC-CO benchmark. "ARC-IC: Payment Examples and Revised 2019 ARC-IC Payment Calculator." As of December 10, the rate for shipping a metric ton (mt) of grain from the U.S. Gulf to Japan was $41.50. hY]oF+R}zwfg? 40 miles $.20/bu. Farmers evaluating how costs may be cut in the upcoming year have several options, including reducing cash rents (see discussion in farmdoc daily, August 11, 2020). 2020 These rates are only intended as a guide. Farmland Prices in Brazil More than Doubled in the Last Three Annually, Iowa State University surveys those who hire and/or perform custom farm services and compiles a report of results. Improve the effective reference price mechanism by raising the factor on the Olympic moving average above 85% and/or increasing the limit on the payment factor above 115% of the statutory reference price. Net corn export sales were 1.362 mmt, down 1 percent from the past week. From 2014 to 2023, the MYA price for soybeans has never been below $8.40 (see Figure 2). The intent of the survey is to provide producers with additional information to help with their farm management decisions. Details of those three programs are provided in three farmdoc daily articles: ARC-CO (farmdoc daily,September 17, 2019), PLC (farmdoc daily,September 24, 2019), and ARC-IC (farmdoc daily,October 29, 2019). The American Transportation Research Institute (ATRI) recently released a study analyzing detailed trucking costs from 2008 to 2019. Moisture 1.4% shrink/point of moisture. 3.3125%. Keep in mind that for the buyer, harvest costs for silage would be different than harvest costs for grain. Web1.4% per point to 15% for corn that is contracted or sold (broken on the 1/2) 1.4% per point to 15% for corn put in DP (broken on the 1/2) 1.4% per point to 14% for corn put in storage farmdoc daily(9):178,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,September 24, 2019. CITY OF SAN JOSE, CALIFORNIA farmdoc daily(4):37,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,February 27, 2014. And farmers may find the optimal order requires switching back and forth between corn and soybeans multiple times. The quality of data is dependent on the cooperation received by producers as well as commercial custom operators. The effective reference price is the maximum of the statutory reference price ($8.40 per bushel for soybeans) and 85% of the five-year Olympic average of MYA prices, lagged one year. Raising soybeans reference price to this level would have large budgetary impacts for the next Farm Bill. To obtain the lowest costs, newer combines must be used on 1,500 acres or more per year. A number of assumptions are made to estimate economic costs for combining and grain cart, but cost of hauling grain is even more complex. The three southern crops peanuts, long-grain rice, and seed cotton paid in the most years: peanuts at 100% of the time, long-grain rice at 89% of the time, and seed cotton at 78% of the time. Grain Transportation Report Datasets | Agricultural Alternatively, harvesting at moisture levels above 15% can result in added costs for drying. You can see more of his work athttp://www.boycegroupinc.com/. 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 Iowa State custom rate survey breaks this down based on hauling to farm storage versus to market, and various distances. But this is just one more problem in whats been a complicated season across the world. Ag Decision Maker A3-10, Iowa State University Extension and Outreach, Department of Economics, March 2020. The per-hour rate begins at the time the machine leaves for the farm until the vac job is completed. Grain Hauling Average Soybean inspections decreased 8 percent from week to week, but inspections of corn increased 18 percent, as shipments to Asia increased significantly. WebFLAT RATE COMBINING AND HAULING fuel 0.30 0.30 COMBINING AND HAULING CORN fuel Combining and hauling CornReported as Combination of per Acre rate, hauling, plus overage Rate per Acre Hauling per Bushel Overage Rate per Bushel Overage charged on yields over: ResponsesAverageMinimumMaximumMost Common <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612.18 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> stream The charge for use of the vac-u-lator for farm-stored grain (or grain mishaps) is $100/hour with a minimum of $200. Under the 2018 Farm Bill, farmers made commodity title choices for: ARC-IC use of 6% was relatively high in 2019 and 2020 because of the prevalence of prevented planting associated with widespread flooding during the 2019 spring planting season (see Figure 1). Timing of harvest is also critical in cost management considerations. Harvesting Corn: What Grain Moisture Elevated autumn temperatures can lead to rapid grain moisture loss, with losses as great as 1% per day when temperatures are high and particularly when also breezy (see Nafziger, September 16, 2017). A summary of costs for harvest operations from the farmdoc machinery cost estimates is shown in Table 1 next to the corresponding average, median, minimum and maximum custom rates from the Iowa survey responses. Inputs are going to be significantly higher next year. Pacific Northwest (PNW) grain inspections decreased 31 percent from the previous week, while Mississippi Gulf inspections increased 15 percent. With a record demand for Chinese grain due to global weather issues and the COVID-19 quarantine, compounded by international supply chain snarls, corn prices per bushel were $5.77 at Novembers end with soybeans at $12.64. When it comes to outsourcing harvest operations, often this is the first choice for a number of reasons. Reasons for requiring PLC for the purchase of SCO are difficult to rationalize. A partner in Allied Insurance Agency and broker of crop and farm insurance by day, Rubeck has been a lifelong producer as well as an auctioneer with 15 years in ag. "Release of 2021 Crop Budgets." When breaking down the costs of production, the ISU As corn price increases the moisture at which it becomes profitable to start harvest increases. A seemingly comparable figure is the rate for hauling to market five miles away with an average and median at $0.10 per bushel, and rates ranging from $0.05 per bushel to $0.20 per bushel. 2020 Nebraska Agricultural Custom Rates with How much should I charge to haul grain locally? VP`7_3!Pkz[};qo(K6,P1!Hp d~ag_8]O(d9|q-e%K yL>h|%V$CnJJIo*v cY`V$X2^.(3A{|+ ef&\poep*7pw u Gw /h$Xd'D7a|8sP&T"FPwlw):Jlpxxa@EZ8dhO 0R'w[NlI/q6iC h3a8IjZOM c3 jjpA7v`e|?kA2C' Rn1_U'Gc7x6[|8I}{ZW]}7fl,1+~_QX)x,V]9FC)d3QYK(QkXyq'wF;zh 29yr_*$b$9f" Guidelines are available here. On a 900 bushel load, that would give me 27 bushel. Corn triggered in 56% of the years. And as all producers know, those figures dont include labor or other soft costs. The per-hour charge includes one man, vac-u-lator machine, and fuel. Since 1975 Alberta Agriculture & Rural Development has annually surveyed custom rates and rental rates to provide information to farmers and custom operators. With a record demand for Chinese grain due to global weather issues and the COVID-19 quarantine, compounded by international supply chain snarls, corn prices per bushel were $5.77 at Novembers end with soybeans at $12.64. The seeds can absorb moisture overnight, so timing of harvest within a day may be important (see Nafziger, September 16, 2017). WebTable 1: Grain Transport Cost Indicators (xlsx) - Weekly changes in truck, rail, barge, and ocean freight rates using diesel prices, nearby secondary rail market rates, Illinois barge With a larger machine harvest could progress faster, but the cost is an extra $6 per acre. The problem in ag, he said, is smaller producers continue to lose out and at some point, there might not be any at all. 1 0 obj Pods in Beans 10 cents/bushel The other alternative is ARC at the individual farm level (ARC-IC). Given PLCs performance, the 15% of soybean acres enrolled in PLC seems high. From 2019 to 2022, the average cropland for grain production value increased 128%, from $1,875 to $4,271 per acre. From 2019 to 2022, the average cropland for grain production value increased 128%, from $1,875 to $4,271 per acre. farmdoc daily (10):143, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, August 4, 2020. Aside from the higher costs, it may also be difficult to find a custom operator for the grain cart only. The 2021 season may well be remembered as one where irony was the top crop harvested. Review size of harvest machinery with acres and bushels harvested to ensure it is in line with farm size and production. 2021 Indiana Farm Custom Rates - Purdue University Nafziger, E. Test Weight and Yield: A Connection? Department of Crop Sciences, University of Illinois at Urbana-Champaign, October 3, 2003. Corn production for 2021 is forecast to exceed 15 billion bushels, with beans at 4.45 billion, and average yields of 176.5 and 51.5 bushels per acre, respectively. Brian Boyce is an award-winning writer living on a farm in west-central Indiana. Moving Grain: 2020 Operational Costs of Trucking AgFax PLC and ARC-CO for Soybeans: Payments and Perspectives farmdoc daily(9):173,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,September 17, 2019. Study: Keeping corn from frequenting the phosphorus buffet line, Ind. The local break-even for corn this year was between $4 and $4.75 per bushel, with $10 to $11 for soybeans, depending on size variables, he said. And American producers responded in kind this year, with both corn and bean production up 3 percent and 5 percent, respectively, from 2020. Estimating Grain Transportation Costs | Ag Decision Maker The total cost per bushel of soybeans is projected at $8.72 for non-herbicide-tolerant beans at 56 bpa, according to the report.. PLC has provided no payments for soybeans from 2014 through 2022. 9 months prepaid storage is required by the government to seal grain. replacedby_title | Is Replaced By - Title, hastranslation_title | Has Translation - Title, usageconsiderations | Usage Considerations. The lack of control of harvest timing may result in added costs such as drying or lower revenue due to yield loss, as discussed previously. nonGMO beans enrolled in the nonGMO program must be delivered to contracted destination. 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Both locations will continue to service the communities by way of their agronomy sales. The farmdoc economic cost estimate is set at $0.10 per bushel. But that simply hasnt been typical of small town U.S.A. over the years, where the trend has been moving toward farmers building their own larger storage facilities. Grain transportation costs can be divided into two categories: ownership costs, which occur regardless of how much the truck or tractor is used, and operating costs, which vary directly with the number of miles driven. Also called fixed costs, include depreciation, interest, insurance, and licenses. From 2018 to 2019, combined driver wage and benefits decreased from 77.6 cents per mile to 69.3 cents per mile. Kansas Custom Rates 2018 Oats: For soybeans to have payments in 22% of the years like oats, the soybean statutory reference price would have to be above $8.57, the MYA price in 2019. Its already bottle-necked a little as it is, he said, noting this is why many of the bigger outfits simply haul their own grain greater distances, some all the way down to the barges near Evansville. Fall contracts and DP are shrunk to 15% moisture. Im hearing a lot of that and Im seeing it, Litz said. Open storage and warehouse receipts are shrunk to 14.0% moisture, Corn Drying 5 cents/point of moisture above 15.0%, based on half points, from 15.1 19.0.0%, 4 cents/point of moisture, based on half points, from 19.1-24.0%, 3.5 cents/point of moisture, based on half points, above 24.1%, Damage 1 cent each point of damage above 5%, to 7.0%, 2 cents a point from 7.1% to 10.0% A hindrance to choosing ARC-CO is the requirement of being in PLC to purchase the Supplementary Coverage Option (SCO). = 15) to 28 cents (16+ (4x 3 mo.) Once soybeans have reached maturity, plants may still be too wet and green to harvest and grain moisture still above an acceptable level. endstream endobj 2887 0 obj <>stream With many factors that vary by farm and year, it can be difficult to determine the best approach for harvest operations from a cost management standpoint. All rights reserved. Despite the drop in grain inspections, total rail deliveries of grain to U.S. ports remained strong; increasing 122 percent from last year and increasing 64 percent from the 3-year average in the last 4 weeks. ]j0IGH#wC.Sr>82:8wN|f%E"a;D"Wt(@=X( \.q5;%z_wloyWb}AE,m/BjE&fRAM.Bv @[o|vwvf^oVku8fj6JPKjU :tP`&j*IUNlJ9&7&d0i[wISndSU{uq^r[nYOa!6F.5afU&Emv]erbxbkDJKN0ry)G-uIY)7Z2?vjvnsU|?J(-I7c!J[r=,cup,x{CE~r+/OZ3$|my7Mw)Gn@XI 7c S] ` c1`^>c ic9t{yQ :j|vM;W=&%7A[OE]7n []k A custom harvester is likely to prefer progressing by physical location and crop. 0.3% of price/point from 2.1 5.0 They are not to be interpreted as the rates you must charge or pay. The data presented in this report was obtained by contacting producers and custom operators and thus represent actual charges. Computing a Grain Storage Rental Rate However, soybeans effective reference price did not increase above the statutory reference price during the life of the 2018 Farm Bill (2019 to 2023). Musty 10 cents/bushel Here are some of ags biggest pageants, Timber fumigation plans in rural West Virginia spark backlash. Custom Rates for Grain Sorghum Harvest, 2018, by District District However, it may be a challenge to find a low cost custom harvester in some areas and this takes control over timing out of the farmers hands. Inspections of wheat dropped notably from the previous week as shipments to Asia and Latin America decreased. More beneficial improvements likely come from changes to ARC-CO or the effective reference price mechanism. Pricing corn silage <> 2021: The 2021 MYA price was $13.30, well above the 2021 ARC-CO benchmark price of $8.95. The exception to this date is to serve those customers who have a delivery contract in place. 3.5 cents per point of moisture, per bushel, removed above 24.0%, split on half points. %PDF-1.7 % Depending on the farm size, number of farm operators, and where grain is transported out of the field, it can be cost effective to hire a custom grain hauler. Costs (total, dollars per bushel, or custom rate equivalent in dollars per mile) can be compared between The effective reference price is the maximum of the statutory reference price ($8.40 per bushel for soybeans) and 85% of the five-year Olympic average of MYA prices, lagged one year. USDA Releases Report Showing Manures Use By Crop, U.S., Five Other Ag Exporting Countries Say India Is Vastly Underreporting Its Wheat, Rice Subsidies, Ag Credit Tightens with Rising Interest Rates and Following Bank Collapses, Ideas Big and Small: Create a Culture of Creativity on Your Farm, Dust Bowl 2.0? Custom Rates for Colorado Farms & Ranches in 2020 "The Agricultural Risk Coverage County Level (ARC-CO) Option in the 2018 Farm Bill." 1Based on costs in Table 4 and harvest of 1,400 acres. And people are still quitting due to the costs.. Another improvement would be eliminating the requirement to enroll in PLC to purchase SCO. WebThe total number of bushels in one load can not exceed 1,200. due to weight restrictions per load imposed by the Tennessee Department of Transportation (80,000 lb maximum). The effective reference price is the maximum of the statutory reference price ($8.40 per bushel for soybeans) and 85% of the five-year Olympic average of MYA prices, lagged one year. Male Posted October 8, 2021 16 hours ago, TeachersPet1066 said: Farm Show 2020, By Brian Boyce Published: December 02, 2021. Swanson, K., G. Schnitkey, N. Paulson, C. Zulauf and J. Coppess. Eliminating the requirement to select PLC for acreage to be eligible for the Supplemental Coverage Option (SCO) insurance program also is warranted. Size and associated cost of the combine or grain cart are also factors. Based on the above comparisons, the following suggestions result: Further note that that these decisions are longer run in nature as well. Increasing the ARC-CO coverage level above 86% and/or the payment cap to over the current 10% of benchmark revenue. Service Rates I think it is a good time to borrow rate-wise, with some precautions. % As a result, the MYA had to be below the $8.40 statutory reference price for PLC to pay since its inception in 2014 through 2023. For example, increasing all crop reference prices by 5% would benefit those crops already having a higher chance of receiving PLC payments at current reference price levels, exacerbating the budgetary impacts of such a change. Grain WebAlberta custom rates survey : grain harvesting operations. Unlike all other major program crops, PLC did not trigger any payments for soybeans from 2014 to 2022, primarily because soybeans has a low statutory reference price relative to other crops. This has been the situation for soybeans compared with other crops over the life of the ARC and PLC programs. Profit from or hedge against price movements in the United States' most widely Likewise, as grain prices decline the target moisture for harvesting corn decreases. As such, periodically evaluating whether owning or out-sourcing combining is prudent, particularly at the point where a combine needs replacement. The equipment needed to harvest can be costly to own and operate, particularly when purchased new or relatively new. Post Application Coverage Endorsement Tool (Sheet), Balance Sheet & Historical Financial Statements, Briomass Crop Budget Tool Miscanthus & Switchgrass, Illinois Soil Productivity & Yield Utilities, Farmland LEasing Facts Sheets & Pricing Information, Schnitkey, G., N. Paulson, C. Zulauf and J. Baltz.

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