Urbana, Illinois
April 21, 2005
A series of reports on the costs
of completing field, harvesting, and forage operations on
Illinois farms are now available on the University of Illinois's
farmdoc website. The reports also include per hour costs for
operating tractors.
"Overall, estimated costs for
most machinery operations are much higher in 2005 than in 2003,
the last times costs were updated," said Gary Schnitkey, U of I
Extension farm financial management specialist, who co-authored
the reports with Dale Lattz, Extension farm management
specialist. "Machinery costs rose because of higher fuel prices
and higher prices on new machinery."
The reports can be viewed
online at:
http://www.farmdoc.uiuc.edu/manage/machinebuilding_index.html
.
"Cost increases between 2003
and 2005 can be over 20 percent," said Schnitkey. "Harvesting
both corn and soybeans had some of the largest increases. The
costs of combining corn are estimated at $31.10 per acre, an
increase of 21 percent from 2003 estimates.
"Combining had some of the
largest cost increases because of much higher new prices for
combines."
A report discussing the cost
increases is available at:
http://www.farmdoc.uiuc.edu/manage/newsletters/fefo05_08/fefo05_08.html
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