Missouri Dairy Business Update
Corn Silage Custom Rate & Pricing
With silage chopping season approaching, questions will soon arise about "what's the going rate for chopping?" and "how do I price corn silage this year?". The following information should be helpful as a guide:
Q: What is the custom rate for chopping corn silage?
A: Here's a sampling of custom corn silage chopping rates by state:
Chop only: $71.17/Acre or $7.50/ton
Chop, Haul & pile or fill bunker: $110.00/Acre or $18.67/ton
Chop only $5.45/ton
Chop, hauling & filling silo $8.18/ton
Chop, haul, fill silo: $7.90/ton
Q: What is a ton of corn silage worth this year?
A: Rough rule of thumb: Use the 6-8-10 rule depending on where you are buying it.
Standing in field:
6 X ($/bu price of corn at harvest) = $/ton of silage
example: 6 X $4.75/bu = $28.50 per ton
Chopped & delivered nearby:
8 X ($/bu price of corn at harvest) = $/ton of silage
example: 8 X $4.75/bu = $38.00 per ton
Coming out of silo after ensiling & shrink, delivered & ready to feed:
10 X ($/bu price of corn at harvest)
example 10 X $4.75/bu = $47.50 per ton
Guidesheets & Spreadsheets to fine tune pricing decisions to your situation: