Ag Decision Maker

Decision Tool A3-29

Iowa State University Extension and Outreach

Machinery Cost Calculator

Ag Decision Maker A3-29 -- Iowa State University Extension and Outreach
For more information, see Information File A3-29 Estimating Farm Machinery Costs.
Place the cursor over cells with red triangles to read comments.
Enter your input values in shaded cells.

Input Data
Period over which to estimate costs (pick one)

1
Power Unit

Type of machine (pick one)

Original purchase price of machine
Current list price of comparable new machine
Age of machine when purchased
Current age of machine
Years of ownership remaining

Beginning value for cost period

Estimated value at end of the ownership period
Estimated value at time of purchase
Ownership Costs
Capital recovery (interest and depreciation)
Taxes, insurance and housing
Total ownership cost
Operating Costs
Repair cost
Fuel and lubrication cost
Labor cost
Total operating cost

$32,000
$40,000
0 years
5
5 years

700 hours
350 hours

1,000 acres or tons

14 ac. or t /hour

180 hp
$3.25 /gal.
$13.00 /hour
5.50% %

5.50% %

Calculated from year of purchase to end of ownership period

Power Unit Alone
Implement or Attachment
Combination
$160,000
$32,000
Includes power unit costs only for
35,391
11,852
the hours used with this
160,000
32,000
implement or attachment.
$/year
$/acre
$/year
$/acre
$/year
$/acre
$21,618
$4.41
$6,478
$6.48
$10,890
$10.89
977
0.20
219
0.22
419
0.42
$22,595
$4.61
$6,697
$6.70
$11,309
$11.31
- Beg. Hours
3,175 End. Hours
714
6,014
$1.23
406
$0.41
$1,634
$1.63
10,360
2.11
2,114
2.11
5,005
1.02
1,021
1.02
$21,380
$4.36
$406
$0.41
$4,770
$4.77

Total Ownership plus Operating Costs

Version 1.6
Author: William Edwards
Date Printed:
12/5/2015

$160,000
$175,000
0 years
2
8 years

Accumulated hours of use to date

Annual use
Field capacity in acres or tons per hour
Engine horsepower
Price of diesel fuel
Wage or labor value for machine operator
Interest rate
Annual repair and maintenance costs
(leave blank to use calculator estimate)
Ownership and Operating Costs

Implement or Attachment

$43,974

$8.97

0.025000 Repair Cost 1

2.1 Repair Cost 2
3000 Hrs Wearout
10,639.56 After wearout

$7,104

$7.10

$16,078

$16.08

0.18
1.7
2000
0

. . . and justice for all

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation,
and marital or family status. (Not all prohibited bases apply to all programs.) Many materials can be made available in alternative formats for ADA clients. To file a complaint of discrimination, write USDA, Office of
Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964.
Issued in furtherance of Cooperative Extension work, Acts of May 8 and July 30, 1914, in cooperation with the U.S. Department of Agriculture. Cathann A. Kress, director, Cooperative Extension Service, Iowa State
University of Science and Technology, Ames, Iowa.

http://www.extension.iastate.edu/agdm/crops/xls/a3-29machcostcalc.xlsx

Ag Decision Maker
Decision Tool A3-29

Iowa State University Extension and Outreach

Machinery Cost Calculator

Ag Decision Maker A3-29 -- Iowa State University Extension and Outreach
For more information, see Information File A3-29 Estimating Farm Machinery Costs.
Place the cursor over cells with red triangles to read comments.
Enter your input values in shaded cells.

Input Data
Period over which to estimate costs (pick one)

1
Power Unit

Type of machine (pick one)

Original purchase price of machine
Current list price of comparable new machine
Age of machine when purchased
Current age of machine
Years of ownership remaining
Accumulated hours of use to date
Annual use
Field capacity in acres or tons per hour
Engine horsepower
Price of diesel fuel
Wage or labor value for machine operator
Interest rate
Annual repair and maintenance costs
(leave blank to use calculator estimate)
Ownership and Operating Costs
Beginning value for cost period
Estimated value at end of the ownership period
Estimated value at time of purchase
Ownership Costs
Capital recovery (interest and depreciation)
Taxes, insurance and housing
Total ownership cost
Operating Costs
Repair cost
Fuel and lubrication cost
Labor cost
Total operating cost

years

years

years

years

hours
hours

acres or tons
ac. or t /hour

hp
/gal.
/hour
%

Calculated from year of purchase to end of ownership period

Power Unit Alone
Implement or Attachment
Combination
$0
$0
Includes power unit costs only for
the hours used with this
implement or attachment.
$/year
$/acre
$/year
$/acre
$/year
$/acre
$0
$0.00
$0
$0.00
$0
$0.00
0
0.00
0
0.00
0
0.00
$0
$0.00
$0
$0.00
$0
$0.00
- Beg. Hours
1
- End. Hours
1
0
$0.00
$0.00
$0
$0.00
0
0.00
0
0.00
0
0.00
0
0.00
$0
$0.00
$0
$0.00
$0
$0.00

Total Ownership plus Operating Costs

Version 1.6
Author: William Edwards
Date Printed:
12/5/2015

Implement or Attachment

$0

$0.00

0.007000 Repair Cost 1

2 Repair Cost 2
12000 Hrs Wearout
- After wearout

$0

$0.00

$0

$0.00

0.29
1.8
2000
#DIV/0!

. . . and justice for all

The U.S. Department of Agriculture (USDA) prohibits discrimination in all its programs and activities on the basis of race, color, national origin, gender, religion, age, disability, political beliefs, sexual orientation,
and marital or family status. (Not all prohibited bases apply to all programs.) Many materials can be made available in alternative formats for ADA clients. To file a complaint of discrimination, write USDA, Office of
Civil Rights, Room 326-W, Whitten Building, 14th and Independence Avenue, SW, Washington, DC 20250-9410 or call 202-720-5964.
Issued in furtherance of Cooperative Extension work, Acts of May 8 and July 30, 1914, in cooperation with the U.S. Department of Agriculture. Cathann A. Kress, director, Cooperative Extension Service, Iowa State
University of Science and Technology, Ames, Iowa.

http://www.extension.iastate.edu/agdm/crops/xls/a3-29machcostcalc.xlsx

Machinery Type Numbers and Constant Values

Type no.
1
2
3
4
5
6
7
8
9
10
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29

Description
Tractor, under 80 hp, 2wd
Tractor 80-150 hp, 2wd
Tractor over 150 hp, 2wd
Tractor, 4-wheel drive
Combine SP unit
SP forage harvester
SP windrower
SP sprayer
Skid-steer loader
SP cotton picker

Repair Cost Factors

RC1
RC2
0.007
2.0
0.007
2.0
0.007
2.0
0.003
2.0
0.025
2.1
0.030
2.0
0.060
2.0
0.100
1.3
0.007
2.0
0.110
1.8

Wearout
Hours
HWOL
12000
12000
16000
16000
3000
4000
3000
1500
3000
3000

Remaining value factors

intercept agecoeff hrscoeff
0.981
0.093
0.0058
0.9421
0.0997
0.0008
0.9756
0.1187
0.0019
0.9756
0.1187
0.0019
1.1318
0.1645
0.0079
0.7911
0.0913
0
0.7557
0.0672
0
0.8826
0.0778
0
0.786
0.063
0.0033
1.1318
0.1645
0.0079

Moldboard plow
0.290
1.8
2000
0.7382
Disk
0.180
1.7
2000
0.8906
Chisel plow, subsoiler
0.280
1.4
2000
0.7382
Field cultivator
0.270
1.4
2000
0.8906
Harrow
0.270
1.4
2000
0.8906
Cultivator
0.170
2.2
2000
0.8906
Roller, mulcher
0.160
1.3
2000
0.8906
Rotary hoe
0.230
1.4
2000
0.8906
Rotary tiller
0.360
2.0
1500
0.8906
Planter,grain drill
0.320
2.1
1500
0.8826
Corn picker
0.050
2.3
2000
1.1318
Combine head
0.050
2.3
2000
1.1318
Mower (sickle bar)
0.460
1.7
2000
0.7557
Mower (rotary)
0.440
2.0
2000
0.7557
Mower-conditioner
0.180
1.6
2500
0.7557
Windrower
0.180
1.6
2500
0.7557
Small square baler
0.230
1.8
2000
0.8521
Large square baler
0.100
1.8
3000
0.8521
Round baler
0.430
1.8
1500
0.8521
Rake
0.170
1.4
2500
0.7911
Forage harvester-pull
0.150
1.6
2500
0.7911
Sugar beet harvester
0.590
1.3
1500
0.7911
Potato harvester
0.190
1.4
2500
0.7911
Fert. spreader
0.630
1.3
1200
0.8826
Sprayer
0.410
1.3
1500
0.8826
Forage wagon
0.160
1.6
2000
0.9427
Grain wagon
0.190
1.3
3000
0.9427
Manure handling equipment
0.160
1.6
3000
0.9427
Feed grinders and mixers
0.015
1.6
3000
0.9427
Source: American Society of Agricultural and Biological Engineers Standards.
Combine repair cost coefficients were adjusted based on recent survey data.

0.051
0.1095
0.051
0.1095
0.1095
0.1095
0.1095
0.1095
0.1095
0.0778
0.1645
0.1645
0.0672
0.0672
0.0672
0.0672
0.1014
0.1014
0.1014
0.0913
0.0913
0.0913
0.0913
0.0778
0.0778
0.1111
0.1111
0.1111
0.1111

0
0
0
0
0
0
0
0
0
0
0
0.0079
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0