CSU Extension’s Agricultural Custom Rate Survey Goes Virtual

STERLING, Colo. – For more than 30 years, Colorado State University Extension has investigated the tariffs charged for various farming and ranching operations and rental arrangements in Colorado. Data is collected from agricultural producers, land owners and managers, lenders, agricultural consultants, machine operators and extension agents.

This year, for the first time, the Custom Rates Survey will be available for producers and agribusiness owners to complete online. Participants can complete the survey from February 14 to March 1, 2021.

Annual survey results inform Custom Rates in Colorado, one of the most widely used publications available from CSU’s agriculture and business management team. The report provides valuable information needed to develop corporate budgets, cash flow, operating loan limits, and investment decisions. Producers across the state use the report to better understand custom pricing to make informed business decisions, budget accurately, and plan for the year ahead.

“Agricultural lenders use data as a lending criterion and as information. Colorado state and county assessors use the results of this survey as a factor in determining assessed farmland assessments and property tax rates,” said Brent Young, Regional Agriculture and Agriculture Extension Specialist. Business Management.

With over 55 years of combined experience, the Agriculture and Business Management Extension team is a valuable resource to Colorado’s agriculture industry. In addition to the Custom Rate Report, the ABM team helps farmers and ranchers in Colorado manage risk in their operations by providing group training and one-on-one coaching; develop resources to assist in decision-making and planning; and research into the critical aspects of agricultural risk.

The Colorado Custom Rate Survey is available online at http://colostate.az1.qualtrics.com/jfe/form/SV_bxheCwloelAq62y. For more information or to receive the survey link by email, contact Brent Young at [email protected].

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