Work for Hire

 
Work for Hire

Farmers outsource fieldwork to save machinery expenses

FJ_034_F15223

Instead of owning all the equipment needed for every field operation, many farmers are opting to custom hire out some tasks. 

“Custom hiring allows a farmer short-term control of a machine without investing a large amount of capital,” says William Edwards, Iowa State University retired economist. “It has several advantages compared with owning.” 

For instance, when farmers hire out certain jobs, the machine comes with an operator, which allows the farmer to perform other tasks without having to hire extra help. The custom operator’s machine will likely be newer and in good mechanical condition.  

On the flip side, farmers who hire out fieldwork will not have control over the quality of the job or time frame. “The custom operator may not be able to harvest the crop when it is convenient for the owner or during the optimum time period,” Edwards says. He suggests working out a schedule or priority list ahead of time.


Custom Rates

Many universities track annual average custom rates. Here are the most recent prices from Iowa State University, Ohio State University, Kansas State University and Mississippi State University. 

FJ_034_F15223-a


To see a full listing of past Farm Journal Pulse polls and to sign up to participate in the survey, visit www.FarmJournalPulse.com

 

Back to news


Comments

 
Spell Check

No comments have been posted to this News Article

Corn College TV Education Series

2014_Team_Shot_with_Logo

Get nearly 8 hours of educational video with Farm Journal's top agronomists. Produced in the field and neatly organized by topic, from spring prep to post-harvest. Order now!

Markets

Market Data provided by QTInfo.com
Brought to you by Beyer
Close