Well, nobody has replied to you for a week. I suspect that it is because your question raises all kinds of preliminary issues.
IF you have tested your soil and you find you have a seriously acid soil, and IF you intend to plant something that does not like an acid soil, and IF you have taken advice from “ag people” as you call them who are really experts and have seen and know your soil [and tested it or assessed it by looking at its history of growing and what grows there now], and IF you have found the grubs and wireworms do not respond to other solutions such as crop rotation or digging and raking combined with poultry, and IF you have some special reason for killing off fungi [which are usually important for soil health, and IF the area involved is too large for intensive measures such as soil heating with plastic sheeting, and IF … etc etc.
In other words, nobody would lime for just pest removal without using lime for adjusting soil pH or improving some clay soils with poor profiles. And yes chalk will kill pests but also beneficials as well.