2024 indiana farm custom rates per acre pdf Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. 25 per acre and increased to $15. Custom planting ranges from $12. 36$ 0. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. The land’s lease rate per acre is listed online or in local media. Your solar farm land lease rate per acre should be fair. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. On average, cash rents ranged between $204 per acre for poor quality land and $313 per acre for top quality land. 00 per acre Grain Hauling 3 $0. Acres intended for corn in Indiana are 5. Latest Email; Farm Income and Production Cost Summary: This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016. Custom Rates Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Communication. 00 6. Average Fertilizer Rates. 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. be $253 per acre ($1. 5. The Ontario average custom rates are allocated across the six machinery-related expenses. 21 per bushel) higher than costs in 2021. $14. BALE IT: If someone custom-bales hay for you, how much do they charge? See if it is in line with what participants in the Purdue custom rate survey say they charge or pay. 83 17. 84 per acre for 2024, a 15. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 10 million acres, down 6 percent from last year. 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. 62 per acre. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. Mar 7, 2024 · To find the best cost for your situation, compare solar farm rates. Feb 13, 2025 · Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 2024 Resource Packet; 2023. 45 $17. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors. 30 per acre and combining soybeans averages $39. Aug 9, 2024 · The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. 6. Indiana’s 2024 corn and soybean yields are pegged at a record 209 and 62 bushels per acre, respectively. A final lease rate value acceptable to both the tenant and landowner can be arrived at via several methods presented in this publication. 6 million acres, unchanged from last year. Mar 24, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 22$ 19. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 39$ 12. ---- $ per acre ---- ---- $ per acre ---- ---- $ per acre ----8-row corn head 12-row corn head 16-row corn head Hay stocks on Indiana farms on May 1, 2024, were 190,000 tons, down 14 percent from this time last year. Since more than 30 people responded, Langemeier included a variation measure, from $24. 28$ 21. The state average for disk harrowing (secondary light seedbed preparation) is $18. Indiana per acre cash rent for top quality land increased by 2. 18 $3. Michigan’s most recent custom farming rates report was released in December. Table 4. Updated October 21, 2022 For no-till corn, 32 people responded. 00 - $20. Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. expected to be $39 per acre ($0. Download the free 2025 Farm Resource Guide. Farm real estate values in Indiana were up 3. 7 million tons, down 3 percent from the same period a year earlier. The average farm size 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. 16 metric tons per hectare (47. 50 25. This is up a tick from 2023, which had an average rate of $7. 99 per acre, or about $22 per acre. Table 3. Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. Current average rate. Compared to 2024, what are your expectations for cash rents in your area in 2025? The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 36 to $28. The 2024 report, which can be viewed online , was published in the March edition of Ag Decision Maker and includes 130 responses and 2,805 custom rates provided by Iowa Aug 26, 2024 · The average corn yield for poor quality land was 167 bushels per acre and 226 bushels per acre for top quality land. 38$ 18. Fuel was around $1. The first Appendix Table 1 lists acres used to calculate tota l costs per acre. 14 per bu. 41 22. highest increase in pasture value per acre at 10. Harvesting and hauling 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. Based on the table, the average rate for planting no-till corn is $21. 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. • 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. 60 foot db60 15 inch. 75 / acre. 71 21. 7%, respectively. 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 Mar 26, 2024 · Injecting anhydrous without a tool bar had an average rate of $13. Publication Number: AEC 2022-01. 90 per acre, an increase of 12. All hay stored on United States farms as of May 1, 2024, totaled 21. The average flat rate in 2024 for harvesting wheat was $31. 00 -$25 per acre, $18. Price growth was robust, but muted compared to the 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. 97 from $27. 88 21. 19 per acre. The rate for conventional corn is $19. Average farm yields ranged from approximately 2. 00 - 7. The average price of top-quality farmland reached $14,392 per acre, a 4. 28 Jan 16, 2024 · While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. 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. 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. 5 31 2016 ALABAMA ELMORE 18. 77 12% Ridge planting, with band applicator, rate per acre 23. 74 23. For each type of work, the average rate from the survey, the median, and the range are shown. 10 per acre with the tool bar. Custom Rates for Farm Services in Missouri T. 00 per acre 2 $20. in farms was 14. , and labor for the May 1, 2023 · The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. 00 per acre ($32 - $45 per acre) services. Herbicide and seed costs are expected to be similar to 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. 1% compared to $5,458 in 2023. Custom rates reports. 320 hp combine 470 hp combine 540 hp combine Table 3. These variations are included in the complete tables online. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. Farm work completed by others 2024 Farmland and Cash Rent Outlook. 18 13% Combining Irrigated Corn, flat rate per acre 41. Between 2020 and 2024, average cash rents in Illinois 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 The quality of data is dependent on the cooperation received by producers and commercial custom operators. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 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 USDA National Agricultural Statistics Service Information. Flexible rental agreements and how they work. calculated by inflating the 2020 custom rates using two different inflation indexes. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . again set a new record high, at $13,739 per acre Jun 9, 2021 · Based on the 2021 numbers, you can expect to pay a hair more for harvesting corn than soybeans, averaging $30. 13 $6. 50 23. For spraying, while the average is $8. This option is appealing for tasks requiring specialized equipment or technical expertise. 10 statewide average (IA - 2024) $16. The Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. All 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. usda. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 25 per acre applied. The state average for harvesting irrigated corn increased 14. 92 metric tons per hectare for the typical farm in Indiana (58. Fuel $30 No Till Corn $35/ acre - Inc. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 87 $1. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to This publication is only a guide. Start searching for land after you know what elements could affect your lease rate. 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. Publication Date: March 31st, 2022. 00 per acre, $17. Charged $21 an acre. 7% to $204. 91 per head or a per-acre rent of $15. 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 Vol. Rotation Corn in Indiana. “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 $6. The range was $15. Additionally, input costs and interest rates could change at any time. Acreage increases of 50 percent result in cost decreases of 25 . These Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. qizqxa lhevwm snpn aefywa jomm vxhl wmdkkw dwjfcwe wxnfk eoqijs oeoujbb gahgln zosi dqk hxld