News

Custom rate estimates released

Farmers can compare custom rates with a new report from Michigan State University Extension. The annual Farm Machine Work Rate summary, created by the Farm Information Resource Management Extension team, is a guide for farmers to use when hiring custom operators.  The summary includes equipment, labor and fuel cost estimates.  Dennis Stein, Farm Business Management Extension Educator, says while the cost of equipment and labor continue to increase, the price of fuel is lower than last year.