The two main components of the rates that required updating were
the fuel price and the interest rate. Fuel costs for diesel fuel
have increased greatly the last two seasons. The new rate is set
at $2.50 per gallon for diesel. The interest rate has also
increased somewhat and is now set at 7.5 percent.
of field operations is the only set of rates recalculated, so
don't expect the detailed breakdown and all rates updated.
Highlights of the new rates of particular interest in the fall
season include the following: combining corn is $34.50 per acre;
combining soybeans is $29.20; chisel plow is $13.40; mulch
tilling (disk-chisel combination) is $17; and mowing is $15.
A page including all the updated rates is available on the
bulletin rack at the Extension office or on the Internet at
Fulton, unit leader,
University of Illinois Extension,
Logan County Unit]