Farm Machinery Custom and Rental Rate Guide - 2020-21
2020-21 Farm MachineryCustom and Rental Rate GuideThis Guide has been established to provide approximate costs for renting equipment or obtaining Custom farming operations from another farmer. It is not intended for establishing rates for individuals or companies that rent equipment or contract Custom farming operations as a of ContentsIntroduction ........................................ ........................................ ........................................ ........................................ ............................3New Information in the 2020-21 Guide ........................................ ........................................ ........................................ ..3Caution ........................................ ........................................ ........................................ ........................................ .......................3Methodology.
For machinery rental, the margin is applied to both the ownership and repair and maintenance costs. For custom rates, the margin is also applied to labour and fuel costs. Note this margin does not cover overhead costs or other costs associated with business endeavors, nor does it cover the costs of a catastrophic breakdown.
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