ALL RATES ARE SUBJECT TO CHANGE WITH MARKET CONDITIONS. Pods in Beans 10 cents/bushel Still, that average was 6 cents higher than in 2016, the last time the freight market softened. Across the country, grain storage capacity has risen sharply in larger facilities, but this doesnt help the smaller operators in more remote, rural areas. Monticello, IL 61856, 1998-2023 Topflight Grain Cooperative. Cost of production estimates, per bushel, for herbicide-tolerant soybeans are $8.89, $8.72 and $8.57 assuming 50, 56, and 62 bushels per acre, respectively. Zulauf, C., B. This amounts to a six-month commercial rate of from 15 cents (9 + (2 x 3 mo.) ARC-CO payments are capped at 10% of benchmark revenue. 2885 0 obj <>stream Farms that own a grain drying and storage facility may have additional incentive to do all harvest operations themselves. 5 cents a point above 15.0%, Foreign Material 2 cents each point from 3%-5% This was unchanged from the last available rate on December 3. I am getting 1/2 penny per bushel per mile. Moisture 1.4% shrink/point of moisture. "The Case for Looking at the ARC-IC (ARC-Individual) Program Option." Corn: To trigger in 56% of the years, soybeans statutory reference price would have to be above $9.40, 16% higher than the current statutory reference price. 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Paulson. As shown in Table 2, the economic cost per acre is dependent on acres to harvest and size of combines and heads, a larger combine used on more acres can have the same per acre cost as a smaller combine used on fewer acres. Schnitkey, G., C. Zulauf, N. Paulson and J. Baltz. These changes could also potentially benefit other crops if their market prices increase relative to their statutory reference prices in the future. These high percentages can be attributed to the fact that PLC made no payments on soybeans since its inception in 2014, and expectations for the marketing year average price to remain well above the reference price at the time of enrollment for both the 2021 and 2022 crop years. Schnitkey, G., C. Zulauf, R. Batts, K. Swanson, J. Coppess and N. Paulson. Recently released crop budgets (farmdoc daily, August 4, 2020) project losses for corn and soybeans on Illinois farms, given current assumptions for 2021. However, a 5% increase would have little impact on soybeans, as the reference price would be only $8.82 per bushel. Grain Hauling Cost Calculator The streamlining measure will allow States to quickly repair highways and interstates needing immediate attention. Typically combining costs are expressed on a per acre basis and run about $30.00 per acre ($0.20/bu @150 bu/acre). Nebraska Similarly, it would result in an extra $5 per acre cost for soybeans. The per-hour rate begins at the time the machine leaves for the farm until the vac job is completed. Given this reference price, PLC would have paid in 2018 and 2019, the height of the trade war. 2020: In 2020, the MYA average price of $10.80 was above the 2020 ARC-CO benchmark price. published_date | Publish on this future date. Grain Hauling Average The Federal Highway Administration (FHWA) published a notice of proposed rulemaking to give States more flexibility in setting design standards for highway projects. For the week ending December 12, barge grain movements totaled 1,120,459 tons. New WOTUS Rule on Hold for More Than Half of U.S. Machinery Costs: Harvest Operations. farmdoc Business Management, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, August 2019. hYmk9+,=rq>|pY7! PLC was instituted in the 2014 Farm Bill, and triggers payments when the market year average (MYA) price is below the statutory reference price. The charge for use of the vac-u-lator for farm-stored grain (or grain mishaps) is $100/hour with a minimum of $200. <>/ExtGState<>/XObject<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI] >>/MediaBox[ 0 0 612.18 792] /Contents 4 0 R/Group<>/Tabs/S/StructParents 0>> Topflight Grains Vision: To become Illinois best cooperative measured in customer satisfaction, volume, storage, revenue, and pride. WebFrequently, harvesters include an additional charge per bushel to customers with high yields. Based on survey results, it would be possible to hire a custom operator well below the economic cost of owning and operating. 2 0 obj Likewise, as grain prices decline the target moisture for harvesting corn decreases. Disclaimer: We request all readers, electronic media and others follow our citation guidelines when re-posting articles from farmdoc daily. Iowa State University custom farming surveys are useful for outsourcing decisions. endstream endobj 2887 0 obj <>stream 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. Farmland Prices in Brazil More than Doubled in the Last Three % This publication presents a summary of custom work and rental rates. Moreover, raising one crops reference price while keeping the other crops statutory references prices fixed could be politically problematic. These include resurfacing, restoration, and rehabilitation projects on all National Highway System (NHS) roadways, including interstates. The desirable moisture level for harvested soybeans is 13% moisture. "ARC-CO: Background, Payments, and Perspectives for Corn." 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. The effective reference price is capped at 115% of the statutory reference price or $9.66 for soybeans (8.40 x 1.15 = 9.66). And it never helps when a local grain elevator announces its intent to stop receiving grain. farmdoc daily (10):151, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, August 18, 2020. farmdoc daily(9):173,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,September 17, 2019. A proportional increase in all reference prices would be politically more feasible but likely not aid soybeans. Peanuts: To trigger in 100% of the years, soybeans statutory reference price would have to be above $14.00, the current FSA projection for the 2022 MYA price. There were 1,022 grain barges unloaded in New Orleans, 13 percent higher than the previous week. Sour 10 cents/bushel 0.6% of price/point 10.1 and above. Web2020 Custom Rates for Colorado Farms and Ranches 2 Disk Vertical Tillage Equipment Transport Charges Activity Basis For Charge Rates Reported Range Median Seed From 2014 to 2019, MYA prices for soybeans were below the ARC-CO benchmark price (see Figure 1). Food grain: At 120.4, the index for February increased 4.8 percent from the previous month and 35 percent from a year ago. Costs in most other categories also decreased. endobj Smaller producers like Rubeck simply say its time to get out, as the added cost of transport to another grain elevator being the last straw. Wheat triggered in 67% of the years. Do I think guys are getting out because the elevators are shutting down? Department of Crop Sciences, University of Illinois at Urbana-Champaign, September 16, 2017. Service Rates farmdoc daily(12):97,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,June 29, 2022. Estimating Grain Transportation Costs | Ag Decision Maker For the week ending December 14, the U.S. average diesel fuel price increased 3.3 cents from the previous week to $2.559 per gallon, 48.7 cents below the same week last year. farmdoc daily(4):37,Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign,February 27, 2014. Rubeck harbors no ill will toward the cooperative and said hes always liked their employees. 420 W. Marion Kansas Custom Rates 2018 Plastina, A., A. Johanns and O. Massman. Average December shuttle secondary railcar bids/offers (per car) were $299 above tariff for the week ending December 10. Transportation costs run another $0.05 per bushel (for the first 10 miles to initial storage). A hindrance to choosing ARC-CO is the requirement of being in PLC to purchase the Supplementary Coverage Option (SCO). These rates are only intended as a guide. The only good news he could see is that the decision to close might create an opportunity for a smaller organization to perhaps open an elevator service to fill the gap. 1Based on costs in Table 4 and harvest of 1,400 acres. 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. Given the close comparison of economic costs to custom rate costs, it likely would not make sense for a farm to hire a custom combine or grain cart if those pieces of machinery are already owned unless the farm plans to make a long run decision to change approach and sell the equipment. If you dont have a big cart and at least 2 combines, I charge $100/hour from the time you tell me to be there, until I get either home or to my next load. Another improvement would be eliminating the requirement to enroll in PLC to purchase SCO. Guidelines are available here. When breaking down the costs of production, the ISU These estimates are intended to represent costs associated with buying new machinery and owning the machinery for seven years (see Machinery Costs: Harvest Operations). WebA typical rate is an initial charge of 9 to 16 cents per bushel for the first 3 months of storage and an additional charge of from 2 to 4 cents per bushel for each additional month. When compared to other crops, soybeans statutory reference price is low. The exception to this date is to serve those customers who have a delivery contract in place. For farms in that situation, the cost of retaining that equipment to use as needed is comparatively lower than the economic cost of a newer implement because depreciation and interest make up a large portion of the economic costs. Alberta Since 1975 Alberta Agriculture & Rural Development has annually surveyed custom rates and rental rates to provide information to farmers and custom operators. If this is not occurring, another option may be lower cost. U?D.s?f{O*lIBCy=r>mbI0|Y"!w' 6@GLuG}iUw49"ZS..a2dB65*I"X^B^UGaHWMql@a=z!}"c?| o7}0FJ@6c\'"f{RcZ5s5D["}%g=_{hg@ID?a>UxZ`EG,E>qFlsLwt:dw{7Un66/`rk/@I_x7@wU:;N/(=`W@6A jyBi%tRbtBwu?]W7/tTCXl E:TW+]-fHyN%N8A_v\ cwiLXMC Qu;$t4))pvtA&H8):D/=q!Gm,$\X2:H XyDXBNt$(9b4qRG5}sNfl-Zzq:{F$f/ZeA]FZ D2ZidI;!OQE]u( - ! 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