In the current paper, the rate dependent hysteretic dynamics of a magnetostrictive transducer is investigated by using a coupled nonlinear macroscopic differential model. The transducer is modeled as a one-dimensional magnetostrictive structure based on the Landau phenomenological theory of phase transition. The hysteresis loops and butterfly-shaped behaviors in the magnetic and mechanical fields are both successfully modeled with estimated model parameter values. The capability of the proposed model for capturing the driving rate dependency is illustrated by numerical experiments.