2024 indiana farm custom rates per acre pdf. More operations are highlighted in other articles.

  • 2024 indiana farm custom rates per acre pdf Understand that custom rates are often negotiable. ---- $ per acre ---- ---- $ per acre ---- ---- $ per acre ----8-row corn head 12-row corn head 16-row corn head 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) per Unit for Regions of Texas LAND TILLAGE OPERATIONS Including cost of operator, machine and fuel North East West South State Moldboard: Responses 6 6 6 7 25 Shallow (less than 12 inches) Average 21. 00 per acre Soybean $11. , $350 per acre and below Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. 33 per bushel), which is similar to the 2023 cash rent per acre. 80 $14. Code § 6-1. 00 $6. JOSEPH WAASH 30 NORTHEAST Jun 27, 2022 · Moldboard Plow (sod) $23/ acre (stubble) $19/ acre Chisel Plow $20/ acre Heavy Disking $20/ acre Springtooth Harrow $16/ acre Cultivating $16/ acre Corn Planting $32/ acre - Inc. Experience is the best guide to help budget machinery costs. This guide includes useful forms and farm business management information including: Custom rates: What to charge for planting, etc. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. There are both higher and lower rents than listed here and is subject to local demand and supply. 50 18. 10 million acres, down 6 percent from last year. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 50/A. The average rate for baling medium large round bales is $12. 25 per acre applied. 01 per acre, the range is from Jul 1, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. • The base rate for January 1, 2018, was updated by removing the 2011 data, adding the 2017 data, excluding the highest year (2013) of the six-year average, and adjusting the capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,610. Gain an in-depth understanding of trends, market dynamics, and Planting with coulters, without band applicator, rate per acre 20. 73 11 $20. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 extra per bushel of wheat for yields greater than 27 bushels per acre. 81 per bale. 12 9. 7. *Southwest Indiana is comprised of Clay, Daviess, Dubois, Gibson, Greene, Knox, Martin, Owen, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties. On average, acreage decreases of 50 . 87 $1. 25 $11. 88 21. Fuel $30 No Till Corn $35/ acre - Inc. " The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 39 per acre, respectively. Appendix Table 1 lists acres used to calculate total costs per acre. Download 2024 Custom Rates Report Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. 53 $3. 2 Based on a $68,300 grain cart used on 1,900 acres. Fuel Small grain no-till $27/ acre - Inc. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 5. 00 per acre (Range = $70. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. When interpreting relatively low crop machinery investment values (e. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. These professionals provide an estimate of the market value for bare poor, average, and top-quality farmland in December 2023, June 2024, and a forecast for December 2024. 40 $11. 49 acres of quality soils located on the edge of Bellville, Illinois. Especially for forage crops, custom field work and harvesting is a common practice. 22 per acre for corn and from $23. Also, per-acre costs and hours of annual use will likely vary for each producer and operation, so producers should use their own costs whenever possible. The average flat rate in 2024 for harvesting wheat was $31. COMMUNICATION. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. The opportunity rate is set at 1. 4% and 10. Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. A range of rates is reported across the state from $10 to $48 per acre. Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. 84 per acre for 2024, a 15. 00 - 7. A final lease rate value acceptable to both the tenant and landowner can be arrived at via several methods presented in this publication. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 2017 Indiana Farm Custom Rates. Based on the table, the average rate for planting no-till corn is $21. Indiana Farmland Values & Cash Rental Rates: 2024 Update Apr 8, 2024 · AMES, Iowa — Farmers who depend on custom work or provide custom services can review rates charged by others across the state in the latest Iowa Farm Custom Rate Survey. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. Communication. 23. 39$ 12. 00 - $105. Clover/Alfalfa Acre 22. 50 per acre Soybean $33. The information below is based on 130 responses and 2,805 Apr 23, 2021 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. average interest rate for equipment loans with a seven-year amortization. Custom planting ranges from $12. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider. The 2024 Purdue Farmland Values and Cash Rent Survey found that the Southwest region that saw the largest annual growth in average per-acre farmland prices, a 22. Establishing Lease Rates. 83 $7. 36$ 0. 98 per acre in 2022. Labor has also become both a limiting and higher cost expense. 77 $1. Others rent machinery or perform other services. 23 for each bushel in farms was 14. This is $138 per acre higher than 2022. 60 foot db60 15 inch. Ohio’s most recent custom farming report was released last July and includes brand-new rates for aerial application of chemicals, seed and fertilizer by drone. 00 - $90. Your solar farm land lease rate per acre should be fair. Field Operations 2023 Department of Agricultural and Consumer Economics custom rates. 50 2 23. 8% from June 2023. 1% compared to $5,458 in 2023. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Publication Number: AEC 2024-01. 41 22. The first Mar 12, 2025 · The Worksheet 2 example where a 580-pound calf is pastured, the livestock owner can afford to pay $60. All 2024 Nebraska Farm Custom Rates Report Hay stocks on Indiana farms on May 1, 2024, were 190,000 tons, down 14 percent from this time last year. To see the full report for all operations, complete with all qualifying comments, visit 2021 1 Assumes that 60% of the acres are corn and 40% are soybeans. Table 3. 00 25. Custom Rates Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. 85 711 $3. 7% to $204. 10 per bu. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. , and labor for the . Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. 50 19. Twenty percent of the respondents perform custom work, 16% December 2024 Late Season Custom Farm Work Rates Page 3 DRYING GRAIN AND HAULING CROPS, HAY AND CATTLE STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation Basic Charge - 2024 2020 Average Rate 2024 as % of 2020 Extra Charge – 2024 Number of Reports Range In Rates Most Frequent Rate Reported Average Maximum Moisture Content Average Rate Number of MB Plow $37/ acre $ 47 26% Disc $24/ acre $ 30 26% Strip till $30/ acre $ 43 44% 33% Beans - no-till 30" $28/ acre $ 37 32% 2024 Custom Rates Survey Oct 30, 2024 · These values can be used as a base to determine a fair exchange value for both provider and recipient of custom work. These per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . Farm Real Estate Value U. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 45 $17. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. Customer could pick up from field. Custom Machinery Rates Applicable to Kentucky (2024) Author: Greg Halich, Associate Extension Professor. 08 $12. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 11$ 20. Harvesting and hauling Nov 21, 2023 · Check grain bins. Fuel Broadcast Seeding $16 - $20 matter how many acres are covered. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors. Since more than 30 people responded, Langemeier included a variation measure, from $24. 00 20. The quality of data is dependent on the cooperation received by producers and commercial custom operators. 00 Apr 30, 2024 · $14. Mar 24, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Corn: $152. Table 4. 14 $1. Acreage increases of 50 percent result in cost decreases of 25 . Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 54 per acre, with the most common rate reported being $16. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. For each type of work, the average rate from the 2021 Indiana Farm Custom Rates By Michael Langemeier Tiling (excluding cost of tile) ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. 18 13% Combining Irrigated Corn, flat rate per acre 41. Updated October 21, 2022 Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 45 19. 00 12. 97 from $27. Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. 00 per acre 2 $20. Rotation Corn in Indiana. 2024 average Indiana farm real $14. , ton, bale, or bushel rather than per hour to reduce the variation due to machinery size. 90 per acre Pasture Rental Rates by County in $/Acre Information provided by USDA National Agricultural Statistics Service based on a survey of farmers in the fall of 2016. *Estimated range based on farm data, 2020 WI Custom Rate Guide does not Corn $38. 34 Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. Page 4 Early Season Custom Farm Work Rates August 2024 OTHER CUSTOM WORK AND HISTORICAL DATA OTHER CUSTOM WORK, STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation 2024 20 Average Rate 24 as Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. 00 - $21. 5% increase. *Estimated range based on farm data, 2020 WI Custom Rate Guide does not Mar 7, 2024 · To find the best cost for your situation, compare solar farm rates. 67 to $35. 2025 Michigan State University Custom Work Rates Acres/hr Acres/yr Fuel Other Tillage 0 $0 - - $ - Chisel Plow 23 Ft 200 HP MFWD $59,500 11. The financing cost also includes an opportunity cost on the interest which could be earned if the down payment was invested in the markets rather than equipment. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. , and labor for the Mar 29, 2022 · One of the best resources for average custom rates is the annual Iowa Farm Custom Rate Survey that is coordinated and analyzed by Iowa State University. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 90 $12. 40 18. Custom Rates for Farm Services in Missouri T. Row markout: Dry row markout: no product applied 20. 28 per bale. Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. 85 $11. Fuel was around $1. 26 and $29. 00 Row markout with one product: 0-30 gal. 85 711 $2. 23 $4. $130 per acre (range: $75-$240 Corn $50. Soybean seed prices include Round-Up Ready® varieties. 18 $8. Compare your costs for baling small squares vs. 1 Based on a 470 HP combine used on 2,500 acres. 00 11 Bed disking (hipper) Dollars per acre $10. The MSU Custom Rates Worksheet is a pdf version of this spreadsheet with which the value can be calculated by hand. Jan 26, 2024 · “Custom rates in a given area may vary significantly according to timeliness, operator skill, field size and shape, crop conditions, the performance characteristics of the machine being used, the relationship between the custom operator and the person needing custom work done, competitive pressures, and economic circumstances of the custom Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 50 23. Change in rate. Newest rates published I have found is from 2020, do not Jul 30, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. g. Average Fertilizer Rates. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Additionally, input costs and interest rates could change at any time. 13 7% Ridge planting, without band applicator, rate per acre 21. This is up a tick from 2023, which had an average rate of $7. It . 4 Indiana Cash Farm Lease • EC-257-W Purdue Extension • Knowledge to Go EXAMPLE Indiana Cash Farm Lease Form* This Cash Farm Lease form can provide the landlord and tenant with a guide for developing an agreement to fit their individual situation. 10 per acre Soybean $8. 00 6. Offset disking Dollars per acre $13. 00 -$25 per acre, $18. 2023 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. 36 to $28. 20 18. §Respondents: rural appraisers, ag lenders, farm managers, and farmers §Information collected: •Estimated Land values as of December 2022, June 2023 & December 2023 (projection) •Top, average, and poor quality land •Annual cash rental rate •Long-term corn yield (productivity) 17 Sep 12, 2024 · Average price of top-quality farmland reached $14,392 per acre. Michigan’s most recent custom farming rates report was released in December. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. Purdue Educators distributed Mar 28, 2024 · The complete 2024 “Iowa Farm Custom Rate Survey ($43. Sep 3, 2024 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). 00 $7. On average, acreage decreases of 50 average Indiana land sale and rent rates. Surveys were mailed/emailed to past Sep 1, 2017 · Michael Langemeier - Numerous farms that are either hiring a custom operator or providing custom rate services to other farms use published custom rate surveys. This form is not intended to take the place of legal advice pertaining to con- auction in August in St. Most of the rates are stated per acre, cwt. 18 $3. 77 12% Ridge planting, with band applicator, rate per acre 23. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. Indiana per acre cash rent for top quality land increased by 2. This publication reports custom rates based on a statewide survey. The land’s lease rate per acre is listed online or in local media. 50. 52 $4. 80 $12. 28$ 21. It is important to note that other factors such as timeliness, liquidity, solvency, and tax management may affect a farm’s decision to own machines or custom hire Mar 23, 2023 · Custom planting ranges from $12. 40 per acre Grain Cart 2 $15. 74 23. 25 4 20. Charged $21 an acre. 00 26. Feb 10, 2025 · A user can evaluate up to three full-season crops, and the wheat double-crop soybean system. 00 8 Custom Rates for Farm and Feb 1, 2024 · Good yields, strong 2023 farm incomes, a shortage of farmland for sale and moderating interest rates have farm real estate experts optimistic about keeping land values at current high levels Jan 3, 2025 · Farms in the 30 th percentile, meaning that 30 percent of the farms had values higher than this group, had an average machinery investment per acre of $1,031, while farms in the 70 th percentile had an average machinery investment per acre of $478. The Cost Study is from the perspective of a commercial custom farm operation. In Georgia, cash rent for cropland (irrigated and non-irrigated) increased by $10 to $126 per acre compared to 2018 averages. 53$ extra per bushel of wheat for yields greater than 27 bushels per acre. 00 per acre (Range = $65. Liquid application ranged from $7. Total costs to produce corn for all combined areas of the state were $1,303 per acre. 00 4 Field cultivating Dollars per acre $8. 2024 Resource Packet; 2023. 99 per acre, or about $22 per acre. 80 18. The 2024 report, which can be viewed online , was published in the March edition of Ag Decision Maker and includes 130 responses and 2,805 custom rates provided by Iowa Jan 16, 2024 · While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. S. NASS publications cover a wide range of subjects, from traditional crops, such as corn and wheat, to specialties, such as mushrooms and flowers; from calves born to hogs slaughtered; from agricultural prices to land in farms. 80 $3. 83 17. 00 - $125. For each type of work, the average rate from the survey, the median, and the range are shown. 6. 5 per cent. The state average for disk harrowing (secondary light seedbed preparation) is $18. 00 - $20. 29 to $36. On average, cash rents ranged between $204 per acre for poor quality land and $313 per acre for top quality land. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. rates, it is prudent to compare your farm machinery costs per acre to custom rates. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Flexible rental agreements and how they work. Custom rates reports. Variable Cost, Overhead Cost, and Gross Revenue per Acre . 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. , and labor for the Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. percent reported a custom rate less than $5 per acre, 52 percent reported a custom rate between $5 and $7 per acre, 21 percent reported a custom rate between $7 and $9 per acre, 11 percent reported a custom rate between $9 and $11 per acre, and 4 percent of the respondents reported a custom rate of $11 or more per acre. The average price of top-quality farmland reached $14,392 per acre, a 4. The average charge for combining and binning corn and wheat is now above $40 per acre, with combining soybeans and hauling them to the bin right at $40 per acre. These rates have increased since last year’s survey from $12. –May 1, 2024, totaled 55. I used to charge $2 per bale to swath, rake and bale. 4. Latest Email; For no-till corn, 32 people responded. 0 million tons, up 47 percent from May 1, 2023. 50 to $13 per acre. $130 per acre (range = $75 - $250 May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. The rates shown include the cost of hiring machine with fuel and operator and Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. Fuel and labor costs per acre are constant regardless of acres covered. 91 per head or a per-acre rent of $15. These May 7, 2024 · Ann Johanns, program specialist with ISU Extension and editor of Ag Decision Maker, says this year’s custom rates reflect the current farm economy. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 00 $25. Purdue Extension educators and specialists developed the questionnaire. Table 1 shows historical prices for select operations. Respondents answered questions that corresponded to the expected carrying capacity. Based on a $87,700 grain cart used on 1,900 acres. 75 million acres Dec 27, 2023 · Maryland and Delaware released a custom rate survey earlier this year, while Ohio and New York released custom rate surveys last year and will likely update them in 2024. Mar 26, 2024 · Injecting anhydrous without a tool bar had an average rate of $13. 62 per acre. Publication Date: April 17th, 2024. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Aug 9, 2024 · The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. In 2023, farmland prices across Indiana again set a new record high, at $13,739 per acre for top quality land, $11,210 for average quality land, and $8,689 for poor quality land. Jul 3, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. Combining corn shows an average of $41. The national average cash rent for cropland increased to $140 per acre in 2019 from $138 per acre in 2018, while th e national average for pa sture increased by $0. Ohio Farm Custom Rates . Herbicide and seed costs are expected to be similar to Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert discuss the 2024 Purdue Farmland Value & Cash Rental Rates survey in a two-part video podcast where they share results which confirm that the average value for Indiana farmland hit a new record high this summer. At the state level, average value in 2024 ranged from $700 per acre in New Mexico to $22,000 in Rhode Island. Start searching for land after you know what elements could affect your lease rate. In 2023, cash costs accounted for 50 Mar 15, 2022 · It's been a couple years since I did any custom haying. 1% from last year’s cash rental rate. 8% increase from June 2023. Postal Service and 407 people via email in mid-February 2024. Ohio Farm Custom Rates 2024. Publication Date: March 31st, 2022. Cash rent per acre in 2024 is expected to . Indiana producers intended to plant 5. The state average for harvesting irrigated corn increased 14. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. he rates reported in this guide summarize . Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . 00 $10. Average farmland rental rates by county with current projections. farmland prices across Indiana again set a new record high, at $13,739 per acre for top quality land, $11,210 for average quality land, and $8,689 for poor quality land. The infographic below shows that Acres’ farmland transaction database indicates that the two counties with the largest per acre increase in farmland prices between 2023 Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. 50 25. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 71 21. 50 Feb 14, 2025 · The user can evaluate up to three full-season crops, and the wheat double-crop soybean system. 44 No. 00) · Small Grain – $64. 95 per acre, an increase of $3. With everything going up what's everyone's thoughts on rates you'll all be charging for 2022. 37 $4. 1-8-24 applies to a utility-grade solar energy installation facility: (1) that had the land portion of its fixed property assessed and valued on January 1, 2021, Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 50 4 Stalk cutting/shredding Dollars per acre $7. expected to be $39 per acre ($0. Therefore, costs per acre decline as acres of use increase for a given implement size. large round bales. 19 per acre. is recommended that you use your records to derive your costs. 15$ 15. The average is calculated as the simple average of all responses. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. 50 to $45 per acre, depending on the type of planter and setup. 70 per bale, with large round bales coming in at $13. 14 per bu. The rate for conventional corn is $19. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. 75 / acre. 00-30. survey of agricultural producers. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. The 2024 Crop Budget Study was completed using a combination of surveys from custom hire businesses, seed cleaners, farm suppliers, crop advisors and growers. 10 statewide average (IA - 2024) $16. 00 per cow unit per month, depending upon pasture quality. Most corn and soybean producers across the Midwest completed the 2023 harvest season somewhat early and may now need to pay close attention to grain that is stored in on-farm Sep 24, 2024 · Statewide farmland prices once again set a new record in 2024, according to the recent “Purdue Farmland Value and Cash Rent Survey. 65 18. 13 $6. 00 per acre, $17. 25. The MSU Custom Rate Calculator Tool calculates the total economic costs of providing a custom service. The Ontario average custom rates are allocated across the six machinery-related expenses. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. id166_2025 - february 2025 Indiana State Average Cash Rental Rates By Land Quality, 2000 – 2024 Source: Purdue Land Value and Cash Rent Survey 140 257 259 313 112 204 217 260 86 157 175 204 0 50 100 150 200 250 300 350 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 $/Acre Top Average Poor Purdue Commercial AgCast podcast, September 2024 Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. 90 $11. Average- and poor-quality farm ground also hit new highs: the average price for average-quality ground is $11,630 per Mar 24, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Dec 5, 2022 · Section 2 of HEA 1348 specifies that the amendment to Ind. 75 $11. Publication Number: AEC 2022-01. 30 per acre and combining soybeans averages $39. 38$ 18. Jun 9, 2021 · Based on the 2021 numbers, you can expect to pay a hair more for harvesting corn than soybeans, averaging $30. 23 for each bushel Apr 22, 2021 · Average 2021 farm custom rates for some typical tillage, planting and harvesting practices, as well as custom farming rates, are listed in the table below. This annual borrowing rate is set at 8. 21 per bushel) higher than costs in 2021. 5 Most custom rates saw an increase of 10-15%. The Iowa Farm Custom Rate Survey was mailed to 394 people by the U. percent. 40 per acre Grain Hauling 3 $0. farm real estate value – the value of all land and buildings on farms – averaged $4,170 per acre in 2024, an increase of $200 per acre from 2023. 00 per acre Grain Hauling 3 $0. percent result in 80% increases in costs. An early summer auction of 80 acres in Gibson County, Indiana, of a medium quality farm brought a strong sales price of $13,400 per acre,” Van Gorden said. Table C. 67 20. 04 Rate per Acre Minimum 8. If your machinery cost per acre is relatively high, then a farm should consider using a 2024. USDA National Agricultural Statistics Service Information. 00 $4. More operations are highlighted in other articles. 40 $12. Area Planted and Harvested Appendix Table 1 lists acres used to calculate tota l costs per acre. Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. calculated by inflating the 2020 custom rates using two different inflation indexes. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors Jul 18, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. Total land in farms, at 878,560,000 acres, decreased 1,100,000 acres from 2022. Ohio State Extension recommends growers calculate their own costs before determining the custom rate to charge or pay. Breakeven prices to cover variable and total cost are computed for each crop. 00-25. Variable costs increased $50 per acre or 8 percent, other nonland costs increased $78 per acre, and land costs increased $10 per acre. 00 per acre with draper head) ($63. 11 per acre for soybeans. Nov 22, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 23 for each bushel This publication is only a guide. “Generally, 2024 custom rates are down slightly from 2023,” she notes. 6%. 63 47. Custom Rates – Crop and pastureland lease and rental; Custom Rates – Field operations; Custom Rates – Grain harvesting operations; Custom Rates – Hay and silage operations; Custom Rates – Livestock County Estimates August 28, 2024 Indiana Cash Rent County Estimates 2024 County and District Non-Irrigated Irrigated Pasture Dollars per Acre Dollars per Acre Dollars per Acre 10 NORTHWEST ENTON JASPER LAKE LA PORTE NEWTON PORTER PULASKI STARKE WHITE 20 NORTH CENTRAL ARROLL ASS ELKHART FULTON KOSIUSKO MARSHALL MIAMI ST. All hay stored on United States farms as of May 1, 2024, totaled 21. Tips for shopping or setting rates Revised April 2024 Historical Iowa Farm Custom Rate Survey Averages Tillage 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Chopping cornstalks / acre $13. 75 $10. Has the rate changed over time? Yes. 58 per acre) for the case farm is under these custom rates, indicating that it is economical for the case farm to own a field cultivator. 7%, respectively. 70 Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 22$ 19. with grain cart & truck) Small grain combine: $39. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. For spraying, while the average is $8. The average farm size Expected average rents by land class for 2024 are: $395 per acre for excellent land class ($402 for 2023), $330 per acre for good land class ($335 for 2023), $263 per acre for average land class ($268 for 2023), $210 per acre for fair land class ($213 for 2023), Average rent levels tend to follow trends in farm returns, but with a 1 to 2 year lag. 28 Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. 80 statewide average (IA - 2023) (No 2024 Value) Visit the WI Custom Rate Guide for charges expressed in dollars/hour or dollars/ton to calculate costs using those posted values. 60 per acre (Range May 2, 2023 · Call it “sticker shock” for custom combining rates. 00 per acre Section - 4 Oklahoma Agricultural Statistics (2024) Crop Production Summary – Oklahoma: 2023 Crop Planted Harvested Yield per Acre Unit Production Price per Unit acres acres units units dollars Winter Wheat Oats Rye Canola Corn for Grain 1 Corn for Silage Sorghum for Grain 1 Sorghum for Silage Soybeans Peanuts Cotton All Hay Alfalfa Hay Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates ; National 2023/2024 ARC-County Payment Rates ; Kansas 2022/2023 ARC-CO Payment Rates ; National 2022/2023 ARC-CO Payment Rates Sep 13, 2023 · The average cash rental rate for non-irrigated farmland reached a record $259 per acre in Illinois this year, up $16 compared to 2022, according to the National Agricultural Statistics Service (NASS). These North Dakota State University is distinctive as a student-focused, land-grant, research university. The range was $15. PUBLISHED ON September 12, 2024. 10 cropland value from the survey is $6,119 per acre, an increase of 12. 5 per cent annually Many Iowa farmers hire some custom machine work in their farm business or perform custom work for others. Mar 28, 2023 · Average 2023 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. 71 $ 21. 23 if 4 acres of pasture are needed per head. 20 20. Mar 25, 2024 · Following are the “Median” custom rates for some common farming practices for 2024, as well as the (range) of custom rates listed, based on the “Iowa Farm Custom Rate Survey. 18 Farm Income and Production Cost Summary: This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016. Current average rate. NDSU Agriculture educates students with interests in agriculture, food systems and natural resources; fosters communities through partnerships that educate the public; provides creative, cost-effective solutions to current problems; and pursues fundamental and applied research to help shape a Dollars per acre Dollars per acre. 50 Production Operations: 2024 Custom Rates This is a budget tool, not a pricing tool. 00) · Soybeans – $79. 00 30. Aug 29, 2017 · The total machinery cost per acre ($9. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. As for fertilizer rates, dry bulk fertilizer averaged $7. 6 an acre. 38 $5. be $253 per acre ($1. Download the free 2025 Farm Resource Guide. Postal Service and 633 people via email in February 2025. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. If you are interested in 2023 Michigan State University Custom Work Rates Acres/Hr Acres/Yr Fuel Other Tillage 0 $0 - - $ - Chisel Plow 23 Ft 200 HP MFWD $53,500 11. , and labor for the Apr 11, 2007 · Following are the average custom rates for some common farming practices for 2007, based on the Iowa Farm Custom Rate Survey: Custom Farming Rates: (Includes tillage, planting and harvesting costs) · Corn – $89. 70 per acre Soybean $44. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. Between 2020 and 2024, average cash rents in Illinois Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates ; National 2023/2024 ARC-County Payment Rates ; Kansas 2022/2023 ARC-CO Payment Rates ; National 2022/2023 ARC-CO Payment Rates is often referred to as “custom farm work” or more simply, “custom work”. Price growth was robust, but muted compared to the Pasture grazing rents have ranged from $15. Compare your actual costs to custom rates. highest increase in pasture value per acre at 10. 20. 90 per acre, an increase of 12. 00 $14. The 2024 survey average for Indiana cash rent saw some changes. Part II of the custom rates survey included questions about fall operations such as harvesting, hauling grain and livestock, as well as miscellaneous custom work activities on the farm. Didn’t think it was enough for the 20 mile road travel and 1 day only but was helping a friend finish up in canola. Mar 22, 2022 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 00 per acre ($32 - $45 per acre) services. Aug 26, 2024 · The average corn yield for poor quality land was 167 bushels per acre and 226 bushels per acre for top quality land. The statewide average per acre cash rent for poor-quality land, however, fell by 3. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. 00 $12. Acres intended for corn in Indiana are 5. 25 per acre and increased to $15. Feb 17, 2025 · Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 9% to $47. 6 million acres, unchanged from last year. 86 $1. 320 hp combine 470 hp combine 540 hp combine Table 3. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. Per Acre Costs for Combines of Different Sizes and Acres Harvested. 7 million tons, down 3 percent from the same period a year earlier. These variations are included in the complete tables online. 90 Moldboard plowing / acre 18. 10 per acre with the tool bar. 5 acres, had a rental rate of $48 per acre. Updated April 26, 2019; Farm and Family Living Income and Expenses: Summary of annual capital and noncapital family living expenditures and income and social security tax payments. 5 38. 5 31 2016 ALABAMA ELMORE 18. 00 21. Clair County, Illinois, which brought $18,000 per acre on 120. The Apr 24, 2024 · NAAC contracting prices survey 2024 The results of the survey are based on red diesel at 85p/litre and are likely to vary as input costs change, so contractors should add a fuel surcharge to Farm Resource Guide. Vol. lzdk rlxuahuq cfpg xje yhqsvk avntzmu njhw fpfsi xtre nzeqye pju gucm ovsenzh dpjkz ofmfflek
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