Iowa State University Extension and Outreach Ag Decision Maker

Decision Tool A3-29

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 Implement or Attachment
Type of machine (pick one) 5 2
Original purchase price of machine $160,000 $32,000
Current list price of comparable new machine $175,000 $40,000
Age of machine when purchased 0 years 0 years
Current age of machine 2 5
Years of ownership remaining 8 years 5 years

Accumulated hours of use to date 700 hours

Annual use 350 hours 1,000 acres or tons
Field capacity in acres or tons per hour 14 ac. or t /hour
Engine horsepower 180 hp
Price of diesel fuel $3.25 /gal.
Wage or labor value for machine operator $13.00 /hour
Interest rate 5.50% % 5.50% %
Annual repair and maintenance costs
(leave blank to use calculator estimate)

Ownership and Operating Costs Calculated from year of purchase to end of ownership period
Power Unit Alone Implement or Attachment Combination
Beginning value for cost period $160,000 $32,000
Includes power unit costs only for
Estimated value at end of the ownership period 35,391 11,852 the hours used with this
Estimated value at time of purchase 160,000 32,000 implement or attachment.
Ownership Costs $/year $/acre $/year $/acre $/year $/acre
Capital recovery (interest and depreciation) $21,618 $4.41 $6,478 $6.48 $10,890 $10.89
Taxes, insurance and housing 977 0.20 219 0.22 419 0.42
Total ownership cost $22,595 $4.61 $6,697 $6.70 $11,309 $11.31
- Beg. Hours -
Operating Costs 3,175 End. Hours 714
Repair cost 6,014 $1.23 406 $0.41 $1,634 $1.63
Fuel and lubrication cost 10,360 2.11 2,114 2.11
Labor cost 5,005 1.02 1,021 1.02
Total operating cost $21,380 $4.36 $406 $0.41 $4,770 $4.77

Total Ownership plus Operating Costs $43,974 $8.97 $7,104 $7.10 $16,078 $16.08

Version 1.6 0.025000 Repair Cost 1 0.18

Author: William Edwards 2.1 Repair Cost 2 1.7
Date Printed: 3000 Hrs Wearout 2000
5/30/2017 $ 10,639.56 After wearout 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
Iowa State University Extension and Outreach Ag Decision Maker
Decision Tool A3-29
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 Implement or Attachment
Type of machine (pick one) 1 1
Original purchase price of machine
Current list price of comparable new machine
Age of machine when purchased years years
Current age of machine
Years of ownership remaining years years

Accumulated hours of use to date hours

Annual use hours acres or tons
Field capacity in acres or tons per hour ac. or t /hour
Engine horsepower hp
Price of diesel fuel /gal.
Wage or labor value for machine operator /hour
Interest rate % %
Annual repair and maintenance costs
(leave blank to use calculator estimate)

Ownership and Operating Costs Calculated from year of purchase to end of ownership period
Power Unit Alone Implement or Attachment Combination
Beginning value for cost period $0 $0
Includes power unit costs only for
Estimated value at end of the ownership period - - the hours used with this
Estimated value at time of purchase - - implement or attachment.
Ownership Costs $/year $/acre $/year $/acre $/year $/acre
Capital recovery (interest and depreciation) $0 $0.00 $0 $0.00 $0 $0.00
Taxes, insurance and housing 0 0.00 0 0.00 0 0.00
Total ownership cost $0 $0.00 $0 $0.00 $0 $0.00
- Beg. Hours 1
Operating Costs - End. Hours 1
Repair cost 0 $0.00 - $0.00 $0 $0.00
Fuel and lubrication cost 0 0.00 0 0.00
Labor cost 0 0.00 0 0.00
Total operating cost $0 $0.00 $0 $0.00 $0 $0.00

Total Ownership plus Operating Costs $0 $0.00 $0 $0.00 $0 $0.00

Version 1.6 0.007000 Repair Cost 1 0.29

Author: William Edwards 2 Repair Cost 2 1.8
Date Printed: 12000 Hrs Wearout 2000
5/30/2017 $ - After wearout #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
Wearout
Repair Cost Factors Hours Remaining value factors
Type no. Description RC1 RC2 HWOL intercept agecoeff hrscoeff
1 Tractor, under 80 hp, 2wd 0.007 2.0 12000 0.981 0.093 0.0058
2 Tractor 80-150 hp, 2wd 0.007 2.0 12000 0.9421 0.0997 0.0008
3 Tractor over 150 hp, 2wd 0.007 2.0 16000 0.9756 0.1187 0.0019
4 Tractor, 4-wheel drive 0.003 2.0 16000 0.9756 0.1187 0.0019
5 Combine SP unit 0.025 2.1 3000 1.1318 0.1645 0.0079
6 SP forage harvester 0.030 2.0 4000 0.7911 0.0913 0
7 SP windrower 0.060 2.0 3000 0.7557 0.0672 0
8 SP sprayer 0.100 1.3 1500 0.8826 0.0778 0
9 Skid-steer loader 0.007 2.0 3000 0.786 0.063 0.0033
10 SP cotton picker 0.110 1.8 3000 1.1318 0.1645 0.0079

1 Moldboard plow 0.290 1.8 2000 0.7382 0.051 0

2 Disk 0.180 1.7 2000 0.8906 0.1095 0
3 Chisel plow, subsoiler 0.280 1.4 2000 0.7382 0.051 0
4 Field cultivator 0.270 1.4 2000 0.8906 0.1095 0
5 Harrow 0.270 1.4 2000 0.8906 0.1095 0
6 Cultivator 0.170 2.2 2000 0.8906 0.1095 0
7 Roller, mulcher 0.160 1.3 2000 0.8906 0.1095 0
8 Rotary hoe 0.230 1.4 2000 0.8906 0.1095 0
9 Rotary tiller 0.360 2.0 1500 0.8906 0.1095 0
10 Planter,grain drill 0.320 2.1 1500 0.8826 0.0778 0
11 Corn picker 0.050 2.3 2000 1.1318 0.1645 0
12 Combine head 0.050 2.3 2000 1.1318 0.1645 0.0079
13 Mower (sickle bar) 0.460 1.7 2000 0.7557 0.0672 0
14 Mower (rotary) 0.440 2.0 2000 0.7557 0.0672 0
15 Mower-conditioner 0.180 1.6 2500 0.7557 0.0672 0
16 Windrower 0.180 1.6 2500 0.7557 0.0672 0
17 Small square baler 0.230 1.8 2000 0.8521 0.1014 0
18 Large square baler 0.100 1.8 3000 0.8521 0.1014 0
19 Round baler 0.430 1.8 1500 0.8521 0.1014 0
20 Rake 0.170 1.4 2500 0.7911 0.0913 0
21 Forage harvester-pull 0.150 1.6 2500 0.7911 0.0913 0
22 Sugar beet harvester 0.590 1.3 1500 0.7911 0.0913 0
23 Potato harvester 0.190 1.4 2500 0.7911 0.0913 0
24 Fert. spreader 0.630 1.3 1200 0.8826 0.0778 0
25 Sprayer 0.410 1.3 1500 0.8826 0.0778 0
26 Forage wagon 0.160 1.6 2000 0.9427 0.1111 0
27 Grain wagon 0.190 1.3 3000 0.9427 0.1111 0
28 Manure handling equipment 0.160 1.6 3000 0.9427 0.1111 0
29 Feed grinders and mixers 0.015 1.6 3000 0.9427 0.1111 0
Source: American Society of Agricultural and Biological Engineers Standards.
Combine repair cost coefficients were adjusted based on recent survey data.