2024 indiana farm custom rates per acre. Soybean seed prices include Round-Up Ready® varieties.

2024 indiana farm custom rates per acre 95 per acre, an increase of $3. 23 per acre last year, up from $81. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . And solvency remain strong as well. 11 per acre for soybeans. For each type of work, the average rate from the survey, the median, and the range are shown. 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 first. Units Seed, $3. 00 $14. 01 per acre, the range is from services. 50 to $45 per acre, depending on the type of planter and setup. 84 per acre for 2024, a 15. 50 per acre base price plus $150/hour travel time. 19 per acre. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. 25 per acre applied. Farm Income and Production Cost Summary: This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016. 1% from last year’s cash rental rate. Gary Schnitkey, Carl Zulauf, Nick Paulson, and Jim Baltz - Carl Zulauf - In today’s farmdoc daily article, we analyze how cash rents typically follow agricultural returns. Communication. 00 21. 04 Rate per Acre Minimum 8. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it 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. To see the full report for all operations, complete with all qualifying comments, visit 2021 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 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. COMMUNICATION. 18 $8. 44 No. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. 00 $10. 33 per bushel), which is similar to the 2023 cash rent per acre. 2024 Resource Packet; 2023. 50 2 23. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. 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. 98 per acre in 2022. 50 per pound 168 84. Check out the chart below. Postal Service and 633 people via email in February 2025. Fuel $30 No Till Corn $35/ acre - Inc. Another survey will be out sometime this year to update these findings. g. The average price of top-quality farmland reached $14,392 per acre, a 4. When interpreting relatively low crop machinery investment values (e. Indiana producers intended to plant 5. PUBLISHED ON September 12, 2024. 7% to $204. 50 for over 10gpa and did minimum $300 charge for jobs under 45 acres. May 3, 2023 · For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 60 per acre (Range Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. The client pays a rate per acre for each farming operation requested to be completed. 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. Any new customers I'm doing $7. Indiana per acre cash rent for top quality land increased by 2. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. 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. Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. Charged $21 an acre. 00 8 Custom Rates for Farm and Sep 12, 2017 · Without custom hire income, the minimum acres of own crops needed to breakeven on machine ownership is 3087 acres. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 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. 5% increase. 10 million acres, down 6 percent from last year. 50 to $13 per acre. The state average for harvesting irrigated corn increased 14. 00 Jan 14, 2025 · As an example, vertical tillage averaged $15. 90 per acre Custom Rates for Farm Services in Missouri T. 22 per acre for corn and from $23. Mar 28, 2024 · The complete 2024 “Iowa Farm Custom Rate Survey ($43. Gain an in-depth understanding of trends, market dynamics, and future §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 Mar 7, 2024 · Lease rates per acre can vary depending on the region in the USA but typically range from $300-$2,500 per acre annually. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. 74 four years earlier. These aren’t the lowest and highest reported rates. 97 from $27. 75 $10. 71 21. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. 5 Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. 00 4 Field cultivating Dollars per acre $8. 73 11 $20. Ohio Farm Custom Rates 2024. 00 - $90. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. The average rate for baling medium large round bales is $12. “Generally, 2024 custom rates are down slightly from 2023,” she notes. survey of agricultural producers. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. Instead, they are one standard deviation above and below. Average Fertilizer Rates. Fuel Broadcast Seeding $16 - $20 Nov 21, 2023 · Check grain bins. 28 per bale. 00-30. 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. May 31, 2023 · So I ended up setting my rates for current customers at $6. 2) For pasture, the average value at the state level ranged from $600 per acre Top States: Cropland Value $ per acre Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. Dec 27, 2023 · Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. extra per bushel of wheat for yields greater than 27 bushels per acre. All Jun 5, 2020 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. 12 9. 54 per acre, with the most common rate reported being $16. Variable Cost, Overhead Cost, and Gross Revenue per Acre . As for fertilizer rates, dry bulk fertilizer averaged $7. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. 68 30,000 $114. 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. 00 per acre with draper head) ($63. 81 per 1,000 kernels 28,000 $106. About two-thirds of the rates reported fall within these ranges. 1. 8% increase from June 2023. 00. The case farm participated in the ARC-CO program and purchased 80 percent revenue protection coverage. The second scenario assumes that the 1500-acre crop farm has the opportunity to custom spray an additional 160 acres. Total The quality of data is dependent on the cooperation received by producers and commercial custom operators. 2023, farmland prices across Indiana. 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). 00-25. 25 per acre in 2020. North Dakota State University is distinctive as a student-focused, land-grant, research university. Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates. 23 for each bushel Pasture grazing rents have ranged from $15. It is declining, but it’s still in a strong position. Has the rate changed over time? Yes. & Indiana farmland values? This AgCast episode shares insights from the Farm Sector Balance Sheet, USDA data collection methods, regional variations in land values, and the influences of factors such as interest rates and development pressures on farmland prices. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Based on the table, the average rate for planting no-till corn is $21. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. However, changes in rates across Indiana’s 6 regions were not uniform with rental rates in some regions and for some land quality types actually declining. Rotation Corn in Indiana. Mar 25, 2024 · Based on the Iowa State data, most average custom rates for tillage, planting, and harvest operations in 2024 were fairly steady compared to the rates for similar operations in 2023. On average, acreage decreases of 50 Most custom rates saw an increase of 10-15%. 00 $4. 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. 00 6. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. Average- and poor-quality farm ground also hit new highs: the average price for average-quality ground is $11,630 per 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. 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. 81 per bale. cropland value from the survey is $6,119 per acre, an increase of 12. 10 per acre with the tool bar. 49 per acre, up 11 percent from the previous report. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 28$ 21. Reports about ridiculous prices for land transitioning out of agriculture, up to $90,000 per acre, surfaced and impacted some land markets in 2022. Custom planting ranges from $12. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. 15$ 15. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. Adjusting custom rates May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. 41 22. Mar 12, 2025 · The Worksheet 2 example where a 580-pound calf is pastured, the livestock owner can afford to pay $60. Mar 10, 2025 · Have reported acres that were prevented from being planted to FSA for the 2024 crop year on an CCC-576 Notice of Loss form (if applicable). 38 $5. 30 per acre and combining soybeans averages $39. 7%. large round bales. 99 per acre, or about $22 per acre. Table 1 shows historical prices for select operations. 8 (2016 index) = 0. 08 $12. 29 to $17. 4 percent lower than the average machinery cost. Custom Rates – Crop and pastureland lease and rental; Custom Rates – Field operations; Custom Rates – Grain harvesting operations; Custom Rates – Hay and silage operations; Custom Rates – Livestock Jan 16, 2024 · Fertilizer costs in 2024 are expected to be approximately 19 percent lower than what they were in 2023. Custom Rates May 7, 2024 · Ann Johanns, program specialist with ISU Extension and editor of Ag Decision Maker, says this year’s custom rates reflect the current farm economy. 39$ 12. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. May 1, 2020 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 45 $17. 28 Aug 7, 2023 · The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022’s rates. 00 $12. 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. On average, cash rents ranged between $204 per acre for poor quality land and $313 per acre for top quality land. NDSU Agriculture educates students with interests in agriculture, food systems and natural resources; fosters communities through partnerships that educate the public; provides creative, cost-effective solutions to current problems; and pursues fundamental and applied research to help shape a 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. Herbicide and seed costs are expected to be similar to 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. 1) At the state level, the value of cropland in 2024 ranged from $1,280 per acre in Montana to $17,330 per acre in California. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. Corn: $152. For spraying, while the average is $8. , Inc. 74 23. • 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. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. Latest Email; Aug 29, 2017 · The total machinery cost per acre ($9. 13 7% Ridge planting, without band applicator, rate per acre 21. Indiana Farmland Prices Continue to Rise August 2023 “While farmland prices reached a new peak in 2023, the appreciation rate from 2022 to 2023 was much lower than the record high price growth observed between 2021 and 2022,” said Todd H. In . 00 $7. 25 per acre. 7%, respectively. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. Additionally, input costs and interest rates could change at any time. Figure 2 presents crop machinery investment per acre for farms with data included in the FINBIN database. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. Between 2020 and 2024, average cash rents in Illinois Jun 7, 2021 · For example, for vertical tillage, the average reported custom charge for one pass was $13. 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. 35 $ Nitrogen, $0. Oct 30, 2024 · Many farm operations reach out to other farms to help fulfill production activities. 9% to $47. Row markout: Dry row markout: no product applied 20. This is up a tick from 2023, which had an average rate of $7. 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. 2024 average Indiana farm real 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. 41 per acre. Especially for forage crops, custom field work and harvesting is a common practice. To see the full report for all operations, complete with all qualifying comments, visit 2021 Indiana Farm Custom Rates. Michigan’s most recent custom farming rates report was released in December. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. Fuel and labor costs per acre are constant regardless of acres covered. The Ontario average custom rates are allocated across the six machinery-related expenses. These 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 extra per bushel of wheat for yields greater than 27 bushels per acre. 6 million acres, unchanged from last year. CUSTOM RATES REPORT _____ Cooperating with the Pennsylvania Department of Agriculture Northeastern Regional Field Office 4050 Crums Mill Rd, Suite 203 Harrisburg, PA 17112 (717) 787-3904 www. percent. Change in rate. 67 to $35. May 25, 2019 · The custom rates reported in the table below were published in 2017. 00 12. Indiana Farmland Values & Cash Rental Rates: 2024 Update per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. Aug 5, 2024 · The U. These variations are included in the complete tables online. 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. The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well matter how many acres are covered. 20. The one question I’ve had my entire life that NO farmer will answer is how much do you make per acre of corn ? Let’s say 80 csr land , 300 a month per acre rent and corn is 4. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 60 foot db60 15 inch. Combining corn shows an average of $41. Are you considering leasing your land to a solar farm? If so, you may wonder about the lease rates. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Liquid application ranged from $7. Land in farms was 14. 83 17. calculated by inflating the 2020 custom rates using two different inflation indexes. Therefore, costs per acre decline as acres of use increase for a given implement size. Sep 1, 2021 · Net return to land from 1996 to 2021 from a landowner perspective were computed for a case farm in west central Indiana. In this case, the range for a vertical tillage pass was $10. 22$ 19. 53$ 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. rates, it is prudent to compare your farm machinery costs per acre to custom rates. 2024 Nebraska Farm Custom Rates Report Jul 10, 2023 · In contrast, the high profit group had an average crop machinery cost of $156 per acre or 14. 00 $25. 50 Apr 11, 2024 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 00 20. Cash rents on a per-acre basis are still highest in west-central Indiana. For each type of work, the average rate from the May 2, 2023 · Call it “sticker shock” for custom combining rates. More operations are highlighted in other articles. 50 for under 10 gpa, $7 for 10gpa and $7. Soybean seed prices include Round-Up Ready® varieties. Appendix Table 1 lists acres used to calculate total costs per acre. 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. This publication presents a summary of custom work and rental rates. Cash rent per acre in 2024 is expected to . Appendix Table 1 lists acres used to calculate tota l costs per acre. The rate for conventional corn is $19. 52 $4. 75 million acres Planting with coulters, without band applicator, rate per acre 20. 25 4 20. If your machinery cost per acre is relatively high, then a farm should consider using a 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. 5 31 2016 ALABAMA ELMORE 18. 00 25. 1% compared to $5,458 in 2023. Table C. Fuel Small grain no-till $27/ acre - Inc. Break even prices for corn and soybeans are expected to decline in 2024 as well as net farm income per acre is expected to decrease in 2024 and expected to be well below the long run average from 2007. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 63 47. Improved cattle gains per acre Through CSP, we can help build your business while implementing conservation practices that help ensure the sustainability of your entire operation. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. 00 - 5. Assumptions for the computed harvest include 1. Aug 11, 2023 · Attached is a list of Indiana farm real estate index numbers. Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 70 per bale, with large round bales coming in at $13. usda. average farm real estate value, a measurement that includes the value of all land and buildings on farms, clocked in at a record $4,170 per acre. expected to be $39 per acre ($0. 75 to $15. Purdue Extension educators and specialists developed the questionnaire. Understand that custom rates are often negotiable. 18 The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. Custom rates reports. Price growth was robust, but muted compared to the 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. 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 Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 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 Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. More operations will be highlighted in future articles. PAER-2024-09. Publication Date: March 31st, 2022. 21 per bushel) higher than costs in 2021. S. These rates have increased since last This publication is only a guide. Langemeier cautions that these rates should only be used as guidelines. Is it 50 an acre ? 500 a acre ? 1k? Why will no one give a number. 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. 0860 x $8, 500 = $731 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 Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. "Complete 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. 78 per acre in 2024, up from $10. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 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. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . 2024 was $1,830 per acre, a $90 increase over 2023 and a 73% increase since 2010. However, some 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. Labor has also become both a limiting and higher cost expense. 91 per acre for no-tilling corn. 00 26. 00 - $21. Farmland Values. $130 per acre (range = $75 - $250 USDA National Agricultural Statistics Service Information. 00 per acre ($32 - $45 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. Note: Producers who have not previously reported 2024 crop year acreage or filed a notice of loss for prevent plant crops, must submit an acreage report by the August 15, 2025 deadline. These Aug 9, 2024 · The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. 00 11 Bed disking (hipper) Dollars per acre $10. 2017 Indiana Farm Custom Rates. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. 20 $27. Jun 9, 2021 · Since more than 30 people responded, Langemeier included a variation measure, from $24. 5 38. Feb 14, 2024 · Working capital remains strong. 50 23. 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 $259 per acre for 2023 (see Figure 2). Tips for shopping or setting rates 2024. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Jun 10, 2021 · Related: Purdue issues custom rates for field operations. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Sep 26, 2024 · Negotiating cash rental rates? This AgCast episode explores 2024 farmland cash rent trends in the Purdue Farmland Value and Cash Rental Rates survey and long-term trends in Indiana cash rental rates, including an examination of regional variation in rates within Indiana. 00 per cow unit per month, depending upon pasture quality. Feb 10, 2025 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. is recommended that you use your records to derive your costs. 38$ 18. be $253 per acre ($1. This 5% increase over last year is less than the 6. Acreage increases of 50 percent result in cost decreases of 25 . Aug 13, 2023 · Meanwhile, cash rent on average land fell in southwest Indiana by 2. 77 12% Ridge planting, with band applicator, rate per acre 23. Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. The average is calculated as the simple average of all responses. See the chart below. percent result in 80% increases in costs. Acres intended for corn in Indiana are 5. 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. 7% increase between 2021 and 2022, which was the largest change since 2006, when values per acre 192 bushels per acre 211 bushels per acre Your Fixed Variable Fixed Variable Fixed Variable Estimate Preharvest Machinery 1/ $41. 00; 9. These rates are only intended as a guide. custom rates. Updated October 21, 2022 2024 Farmland and Cash Rent Outlook. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. 8% from June 2023. 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. The state average for disk harrowing (secondary light seedbed preparation) is $18. 40 $ Seed, Chemical, etc. The average flat rate in 2024 for harvesting wheat was $31. 3. Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. in 2016 for $8,500 per acre 50. Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. The level of 2023 returns is still uncertain, though average 2023 cash rents likely will be above operator and land returns for 2023 Dollars per acre Dollars per acre. 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. Crop machinery investment per acre for the case farm was $483. Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. At Merrell Bros. Mar 22, 2023 · Most custom rates saw an increase of 10-15%. Compare your actual costs to custom rates. Activity Vol. Purdue Educators distributed "Complete Harvest (Computed)" adds individual custom rates for mowing/conditioning, raking, baling, and moving/storing (where applicable) to estimate a custom rate for these combined operations. Since 1975 Alberta Agriculture & Rural Development has annually surveyed custom rates and rental rates to provide information to farmers and custom operators. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 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. 2 to 10. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. Good land stewardship not only conserves the natural resources on your farm, ranch or forest, it also provides multiple benefits to local communities, including Respondents answered questions that corresponded to the expected carrying capacity. Langemeier says the rates should only be used as a guide. 23 if 4 acres of pasture are needed per head. A final lease rate value acceptable to both the tenant and landowner can be arrived at via several methods presented in this publication. The rate for straight combining of small grains averaged $36. , we have an up-to-date tillage, planting and harvesting fleet along with the latest technology to meet your corn, soybean, wheat and cover crop needs. A range of rates is reported across the state from $10 to $48 per acre. They provide a reference point based on what people who do custom work say they charge or what people who hire others to work for them say they pay. $130 per acre (range: $75-$240 Sep 12, 2024 · Average price of top-quality farmland reached $14,392 per acre. Michigan State University Extension offers a custom work rates report that offers Michigan-based costs for a variety of common farm operations. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. , $350 per acre and below Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. In Georgia, cash rent for cropland (irrigated and non-irrigated) increased by $10 to $126 per acre compared to 2018 averages. 29 to $36. 91 per head or a per-acre rent of $15. Table 1. 68 per bushel at 200 bushels per acre. 90 per acre, an increase of 12. Jun 11, 2021 · The highest custom planting rate was $18. Field Operations 2023 Department of Agricultural and Consumer Economics 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 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. 23. On average, acreage decreases of 50 . 67 20. Field work activities. The 2024 survey average for Indiana cash rent saw some changes. 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 $/Acre Top Average Poor Purdue Commercial AgCast podcast, September 2024 Sep 1, 2017 · Michael Langemeier - Numerous farms that are either hiring a custom operator or providing custom rate services to other farms use published custom rate surveys. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. Compare your costs for baling small squares vs. 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 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. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. 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. Publication Number: AEC 2022-01. The rate for chopping corn silage was $116. 80 $3. 50/A. 50 25. Feb 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. 50 a bushel. These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. nass. , and labor for the Apr 24, 2023 · Expense items used to compute custom charges are typically recorded on an hourly basis and then converted to a per-acre basis using the number of acres that can be covered per hour, such as how many acres of corn you could plant per hour or how many acres of land you could disk per hour. (Fig. Download 2024 Custom Rates Report Sep 11, 2024 · Interested in the latest trends and insights on U. 7% bump between 2022 and 2023 and less than the 11. Experience is the best guide to help budget machinery costs. Check the column for average rates from the same Purdue custom rates survey for 2017. The total machinery cost per acre ($9. 18 13% Combining Irrigated Corn, flat rate per acre 41. The case farm had 3000 crop acres and utilized a corn/soybean rotation. 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. Establishing Lease Rates. 5 acres, had a rental rate of $48 per acre. 30 35,000 $133. 50 193 96. 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. Additional charge for variable rate. There are both higher and lower rents than listed here and is subject to local demand and supply. 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. They are not to be interpreted as the rates you must charge or pay. Fuel was around $1. 6 an acre. 00 181 90. Which I think is pretty reasonable. U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019’s 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 Sep 7, 2023 · The Ohio State Extension 2022 corn silage budget calculator values corn silage variable costs at $570/acre and fixed land costs at $390/acre for a total per acre cost of $960/acre to grow and Offset disking Dollars per acre $13. 31 per bushel at 180 bushels per acre and to $5. 00 $6. Average to high yield in Midwest. Mar 23, 2023 · Custom planting ranges from $12. again set a new record high, at $13,739 per acre 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. It . The 1500-acre crop farm sprays 3000 acres annually. 50 4 Stalk cutting/shredding Dollars per acre $7. Dec 13, 2023 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. 00 30. 11$ 20. 00 Row markout with one product: 0-30 gal. 84 per acre. with grain cart & truck) Small grain combine: $39. , and labor for the Indiana Farmland Values & Cash Rental Rates; Crop Cost & Return Guide; Indiana Farm Custom Rates; Farm Bill Resources; earnings per acre, breakeven cash rents Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. 4% and 10. 00 / acre; 2. 2 (1974 index) / 583. However, fertilizer costs are still expected to be $39 per acre ($0. Cash rent per acre in 2024 is expected to be $253 per acre ($1. fup hxifqemih wcxp cmm ugigol zygbk geanywwg tejdu cqkc aho gzdcut whojtcr pdkucv irldnq zvcjcz