The Custom Rate Guide is a summary from a mail survey which collected rates paid by Wisconsin farmers who hired custom work, custom operators and farmers who performed custom work, and machinery dealers who rented out equipment for field operations including manure services, tillage, planting, fertilizer & chemical application, harvest operations, and machinery rental.
The UW Crop Enterprise Budget Tool can be used to help estimate the cost of production for your crops. A printable version of this resource is also available.
For farmers who practice cover croping or reduced tillage, use the Crop Budget Analyzer to capture a snapshot of the immediate financial expenses and income that a farm may experience in using practices such as cover cropping and reduced tillage, particularly in grain crop systems.
The June 26 Badger Crop Connect webinar featured Dr. Brenda Boetel, Professor and Department Chair of Agricultural Economics, and Extension Agricultural Marketing Specialist at UW–River Falls. The grain markets are off of their February 2024 lows; however, prices still remain lower than what farmers have experienced the previous few years.
Dr. Mitchell opens with a quick update on prevented planning options with crop insurance and where we are with crop progress and crop conditions based on USDA NASS data. He then examines various indicators about the current state of farm finances in this year of projected tight margins for corn and soybeans, such as land values, loan repayment rates, interest rates and inflation. Discussion focuses on financial steps farmers can take now as they prepare for fall. Dr. Mitchell closes with some updates on where Congress is with the Farm Bill and some of the changes being proposed for commodity support and crop insurance.
Tools are available to help corn growers and dairy and livestock producers negotiate a fair price for corn silage.
The recordings of the first Focus on Forage webinar in the 2024 series, Focus on Forage Insurance, featuring Pamela Stahlke and Dr. Paul Mitchell.
As the 2023 crop season get started, landowners and custom service providers are negotiating custom rates, but the newest Custom Rate Guide for Wisconsin is from 2020[1]. Prices have increased a lot over the past three years.
It seems like every week brings another story about carbon credits for farmers. There are many factors to consider before jumping in and enrolling your farm in a carbon program. So what is a carbon credit? A carbon credit is created from a carbon offset, which is an activity that prevents the emission of carbon dioxide or another greenhouse gas to the atmosphere that would otherwise be emitted.
This tool is intended to capture a snapshot of the immediate financial expenses and income that a farm may experience in using practices such as cover cropping and reduced tillage, particularly in grain crop systems.
Trying to decide what agriculture enterprise is right for you? An online tool from UW-Madison Extension helps you determine which is the best fit for you.
Estimating, or even better knowing, your cost of production on a per bushel or per ton basis helps to determine marketing or purchasing strategies.
Pricing corn silage is a difficult decision because it often comes at a time when emotions between sellers and buyers are high. The seller has the opportunity to sell a corn field for either silage or grain and incorporate the fertilizer value of the stover back into the field. The buyer has the opportunity to buy a corn field for silage or buy grain from the market and purchase low quality straw (wheat or corn stover aftermath) to formulate rations.
