2024 indiana farm custom rates per acre 2022. Custom rates reports.

2024 indiana farm custom rates per acre 2022 Average farmland was up 5. 85 711 $3. 7% to $11,210 and $8,689 per acre, respectively. Publication Number: AEC 2022-01. 22 per acre for corn and from $23. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. The information below is based on 130 responses and 2,805 41 bushels per acre. 65 18. 33 per bushel), which is similar to the 2023 cash rent per acre. 25 per acre applied. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. Mar 24, 2023 · The average price of top-quality farmland reached $14,392 per acre, a 4. "Complete Mar 20, 2023 · Most custom rates saw an increase of 10-15%. Average farm yields ranged from approximately 2. Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. 00 26. 50 18. 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. Indiana producers intended to plant 5. 2017 Indiana Farm Custom Rates. They are not to be interpreted as the rates you must charge or pay. 6% for Harvesting Corn (Combine, Grain Cart, Haul Local to Farm), 21% for Spraying (Self-Propelled cropland value from the survey is $6,119 per acre, an increase of 12. Rotation Corn in Indiana. expected to be $39 per acre ($0. When interpreting relatively low crop machinery investment values (e. Average farm yields ranged from approximately 1. 4 bushels per acre) to 3. 64 per bushel for corn and $14. The rate for wrapping bales is 73% higher than the rate in ’21, but only 8% higher than the rate for the same task in ’17. 50 to $45 per acre, depending on the type of planter and setup. Corn: $150. Start searching for land after you know what elements could affect your lease rate. The average flat rate in 2022 for harvesting wheat was $28. Farm Resource Guide. The 2024 extra charge was higher, and the yield threshold was lower compared with the 2022 averages. 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 5 Operating Costs average interest rate for equipment loans with a seven-year amortization. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. $130 per acre (range: $75-$240 provide the rates they were charging or paying in 2022 for custom services, excluding the cost of materials being Additional charge for variable rate. READ MORE Mar 25, 2024 · Average 2024 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. The base rate rose 16 percent from $1,290 in 2022 to $1,500 for 2023, and 27 percent to $1,900 for 2024. In 2024, harvesters chargedan average of $0. 1% from last year’s cash rental rate. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. Herbicide and seed costs are expected to be similar to Many Iowa farmers hire some custom machine work in their farm business or perform custom work for others. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. 90 per acre The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. , $350 per acre and below 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. Information for Setting 2023 Cash Rents: Results from the Illinois Society suggest rising cash rents in 2023, though at lower rates than occurred in 2022. Average and poor-quality farmland also saw gains, with prices increasing 3. These Aug 29, 2017 · The total machinery cost per acre ($9. In addition to the MSU numbers, Ohio State University has updated their bi-annual survey for farm custom rates for 2022, the University of Illinois has a machinery cost estimates for 2021 and Purdue has a 2021 Indiana farm custom rates available. Custom Rates for Wheat Harvest, 2022, by District District . 96 per acre in 2020. This means that 15% of those surveyed charged $45/acre or less and 15% charged more than $55. 13 7% Ridge planting, without band applicator, rate per acre 21. 04 Rate per Acre Minimum 8. 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 Ohio rates. So I’m expecting a large drop from about $225 net farm income per acre for a corn/soybean farm, down to about $60 per acre, so a very large drop in ’23. If your machinery cost per acre is relatively high, then a farm should consider using a 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. These variations are included in the complete tables online. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 6 million acres, unchanged from last year. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. Therefore, costs per acre decline as acres of use increase for a given implement size. 30 per acre, with a range of $12 to $31 per acre. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and North Dakota State University is distinctive as a student-focused, land-grant, research university. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . 00 6. For spraying, while the average is $8. 7% and 4. 66 metric tons per hectare (137. 7%, at $8,689 per acre. Combining corn shows an average of $41. 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. 99 per acre, or about $22 per acre. 39 per acre, respectively. All Dec 13, 2023 · This compares to the final MYA prices of $6. 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. 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. Average price for top-selling land was $13,739 per acre, up 7. 80 18. 90 Moldboard plowing / acre 18. 2) For pasture, the average value at the state level ranged from $480 per acre Top States: Cropland Value $ per acre New Aug 9, 2024 · The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. Charged $21 an acre. As for fertilizer rates, dry bulk fertilizer averaged $7. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. Mar 4, 2022 · Average corn yield for the farms in 2016 to 2020 was 8. 80/gallon as of June 2022 Hay Harvesting -Fuel Included Mow Hay Silage Chopping / Hour: $18/ acre 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. Hay acres intended 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. 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. Breakeven prices to cover variable and total cost are computed for each crop. 80 $14. 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. 2%, respectively), and the 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. services. Land in farms was 14. The rate for conventional corn is $19. 11 per acre for soybeans. Purdue Educators distributed May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. This publication presents a summary of custom work and rental rates. 02/13/24 2022 Census of Agriculture Data Highlights. 23. Appendix Table 1 lists acres used to calculate total costs per acre. Since more than 30 people responded, Langemeier included a variation measure, from $24. The average flat rate in 2024. 21 per bushel) higher than costs in 2021. Price growth was 2023 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. Farmers can expect that contracting rates would be 25 per cent higher than OMAFRA's values. in their farm business or perform custom work for others. If you are interested in 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. Planting with coulters, without band applicator, rate per acre 20. 19 per acre. Has the rate changed over time? Yes. 4% to $11,630 and $9,071 per acre, respectively. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and PAER-2024-09. Soybean seed prices include Round-Up Ready® varieties. 88 21. Relative to the entire 2000 to 2022 period shown in Figure 1, the 2022 return was high. 40 18. While many farmers do custom jobs for their neighbours, it can be difficult to know what to charge. 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 May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. 9 bushels per acre) to 3. ). 18 13% Combining Irrigated Corn, flat rate per acre 41. Tips for shopping or setting rates Mar 22, 2023 · Most custom rates saw an increase of 10-15%. term interest rates on 2024 farm operating loans Jan 31, 2025 · Across the three quality grades, cash rents also reached a new record high in 2022 at $300 per acre for high quality farmland, $252 for average quality, and $207 for poor quality land. id166_2025 - february 2025 Farmers use custom rates as a guide for machinery, budgeting, and financial planning. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Experience is the best guide to help budget machinery costs. 00 20. g. 11$ 20. COMMUNICATION. The 2022 data also includes the median cash rent and the 10th acres allocated to pasture, aftermath and 90th percentile range, explained under “data results”. Based on the table, the average rate for planting no-till corn is $21. Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. Another survey will be out sometime this year to update these findings. 25 higher than the 2022 average of $24. Indiana Farmland Values & Cash Rental Rates: 2024 Update Sep 21, 2022 · • Grain hauling: farm to market (25 miles) 21 cents per bushel. The Ontario average custom rates are allocated across the six machinery-related expenses. 67 20. (Average) Current Diesel Fuel Price -$5. 33 per acre, most common rate at $15 per acre and range of $10 to $18 per acre. 20 20. 10 from $24. More operations are highlighted in other articles. , and labor for the Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. 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. 75 million acres of soybeans, up 5 percent from last year. Twenty percent of the respondents perform custom work, 16% Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. 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 Mar 6, 2024 · Average soybean yield for the farms in 2018 to 2022 was 3. 00 Mar 15, 2022 · With everything going up what's everyone's thoughts on rates you'll all be charging for 2022. All normal farming 2024 Nebraska Farm Custom Rates Report Feb 10, 2025 · A user can evaluate up to three full-season crops, and the wheat double-crop soybean system. 2022 was $1,650 per acre, a $170 increase over 2021 and a 51% increase since 2008. 4% and 10. 20 18. Crop machinery investment per acre for the case farm was $483. 3. CCE welcomes feedback that will help keep this guide up to date and accurate. 39$ 12. 01 per acre, the range is from All row crop acres, 2018 the years through 2022. Fuel was around $1. 74 23. Row markout: Dry row markout: no product applied 20. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 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. Dec 5, 2022 · The “2022” column for each region represents the land base rate (rounded to the nearest $10) for the January 1, 2023, assessment date. 12 9. Publication Date: March 31st, 2022. The hourly rate ($/hr. Area 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. 40 $12. 00-30. Average Fertilizer Rates. Corn: $130 per acre (range = $75 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. 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 custom rates. 20 per bushel for soybeans. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. Dollars per acre Dollars per acre. 4 percent lower than the average machinery cost. Take the 2024 Land Rental and Custom Rates Survey Now! 2023 Custom Rates 2022 Custom Rates 2021 Custom Rates 2020 Custom Rates 2019 Custom Rates 2018 Custom Rates 2017 Custom Rates 2016 Custom Rates 2015 Custom Rates 2014 Custom Rates 2013 Custom Rates 2012 Custom Rates 2011 Custom Rates 2010 Custom Rates 2009 Custom Rates May 19, 2023 · For example, the cost per acre for mowing and conditioning hay is a few cents per acre less in ’23 compared to ’21, although it is 16% higher than in ’17. Check the column for average rates from the same Purdue custom rates survey for 2017. 00 30. 00-25. 18 Jun 9, 2021 · Based on the 2021 numbers, you can expect to pay a hair more for harvesting corn than soybeans, averaging $30. Custom Charge ($/field) Type and Depth of Probe Notes S All Counties $10. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. 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. nass. ) is then divided by the work rate (acre/hr. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Average farmland rental rates by county with current projections. 2 bushels per acre). 0 bushels per acre). 70 Vertical tillage averages $19. Field Operations 2023 Department of Agricultural and Consumer Economics Jun 27, 2022 · 2022 Custom Rates & Fees The following custom rates should be used only as a guide in establishing custom rates. is recommended that you use your records to derive your costs. 28$ 21. 02/13/24 2022 Census of Agriculture Data Release Event. 90 $11. 6% for Harvesting Corn (Combine, Grain Cart, Haul Local to Farm), 21% for Spraying (Self-Propelled For example, in the provincial summary, the 15 th percentile for corn combining is $45/acre and the 85 th percentile is $55/acre. 71 21. Projected 2023 and 2024 farmer returns in Illinois are currently negative, reflecting a significant shift from the high farmer returns achieved in 2020, 2021, and 2022. 50 19. Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. 3% from June 2022. Your solar farm land lease rate per acre should be fair. • The base rate for January 1, 2020, was updated by removing the 2013 data, adding the 2019 data, excluding the highest year (2014) of the six-year average, and adjusting the capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,280. Flexible rental agreements and how they work. Read More Aug 8, 2024 · Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation. See the complete Purdue custom rate survey results for Jul 12, 2024 · Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. “Generally, 2024 custom rates are down slightly from 2023,” she notes. rates, it is prudent to compare your farm machinery costs per acre to custom rates. 81 per bale. Others rent machinery or perform other services. PENNSYLVANIA’S 2022 MACHINERY 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. As in past years, there are states that have updated their rate guides since a year ago. 4 bushels per acre). 31 metric tons per hectare for the typical farm in Canada (34. 48 metric tons per hectare for the typical farm in Russia (21. Weighted average r ental rates are listed by county for each year. 26 and $29. Table C. 92 metric tons per hectare for the typical farm in Indiana (58. 50 23. 7% to $204. 15$ 15. Custom planting ranges from $12. 86 $1. Base Rate with Extra Charge for High Yield (if any) Flat Rate Aug 13, 2023 · Todd Kuethe, Schrader Endowed Chair in Farmland Economics, conducted the survey of farm managers and bankers in June. 25 4 20. On average, cash rents ranged between $204 per acre for poor quality land and $313 per acre for top quality land. May 25, 2019 · The custom rates reported in the table below were published in 2017. The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. These rates are only intended as a guide. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. calculated by inflating the 2020 custom rates using two different inflation indexes. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. and prevented planted acres. The opportunity rate is set at 1. Read More Mar 23, 2023 · Custom planting ranges from $12. term interest rates on 2024 farm operating loans. 5 acres, had a rental rate of $48 per acre. 7%, respectively. 3 bushels per acre) to 12. Langemeier cautions that these rates should only be used as guidelines. (Fig. 2023, farmland prices across Indiana. 28 per bale. 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. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it Since 1975 Alberta Agriculture & Rural Development has annually surveyed custom rates and rental rates to provide information to farmers and custom operators. 60 foot db60 15 inch. 00 per acre with draper head) ($63. 5 per cent. 92. Customer could pick up from field. Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. usda. The average price of top-quality farmland reached $14,392 per acre, a 4. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . Examples include an increase of 6% for Planting Corn (30 Inch Rows with Fertilizer Application), 5. 70 per bale, with large round bales coming in at $13. uky. . The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. 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 41 bushels per acre. 90 per acre, an increase of 12. 23 $4. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout 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 "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. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. In . matter how many acres are covered. 87 $1. The statewide average per acre cash rent for poor-quality land, however, fell by 3. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 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. We asked farmers, agribusiness firms and land improvement contractors to provide the rates they were charging or paying in 2022 for custom services, excluding the cost of materials being applied. Download the free 2025 Farm Resource Guide. 20 per bushel for soybeans in 2022-23. 80 $12. Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates The quality of data is dependent on the cooperation received by producers and commercial custom operators. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. 41 per acre. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. 53$ 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 Most custom rates saw an increase of 10-15%. 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. 02/13/24 How to Find 2022 Census of Agriculture Data. 00 Thirteen 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 $11 or more per acre. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. 22$ 19. Custom Rates for Grain Sorghum Harvest, 2024, by District District Base Rate with Extra Charge for High Yield (if any) Flat Rate Charge 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. 90 $12. Compare your actual costs to custom rates. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. 45 19. Compare your costs for baling small squares vs. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. 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. Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 20 an acre and heavy or offset disking costs an average of $18. 00 Row markout with one product: 0-30 gal. 8%, to $11,210 per acre, and poor-quality farmland was up only 0. Between 2020 and 2024, average cash rents in Illinois wheat in 2024, $4. Liquid application ranged from $7. ) to calculate a cost per acre rate. Purdue Extension educators and specialists developed the questionnaire. 29 to $17. Langemeier says the rates should only be used as a guide. 70% (85 th-15 th percentile) of all those reporting charged $45-55/acre. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. If we average the FINBIN values for corn and soybeans, we obtain 2018 Texas Agricultural Custom Rates; 2016 Texas Agricultural Custom Rates; 2013 Texas Agricultural Custom Rates; 2011 Texas Agricultural Custom Rates; 2008 Texas Custom Rates Statistics; 2004 Texas Custom Rates Statistics; 1999 Texas Custom Rates Statistics; 1992 Texas Custom Rates Statistics; 1988 Texas Custom Rates Statistics; 1985 Texas May 23, 2023 · In 2022, operator and land return was $609 per acre, and average FBFM cash rent was $358 per acre, leaving a farmer return of $251 per acre ($251 = $609 – $358). Custom rates reports. 9 bushels per acre). Labor has also become both a limiting and higher cost expense. The $/acre rate is often used because it fixes the renter’s cost and allows the owner/ operator to adjust the operation to the conditions. The Purdue Farmland Values and Cash Rent survey is conducted in June of each year. 50/A. 75, respectively. 84 per acre. 6 an acre. Download 2024 Custom Rates Report Jan 16, 2024 · 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. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. 25 $11. Dec 20, 2024 · To obtain some feel for how variable machinery cost is between farms, we compared the average machinery cost per acre for corn farms in 2023 with the averages for corn farms in the low 20 percent group with respect to net return per acre and for corn farms in the high 20 percent group with respect to net return per acre. 63 47. 6% for Harvesting Corn (Combine, Grain Cart, Haul Local to Farm), 21% for Spraying (Self-Propelled Mar 7, 2024 · To find the best cost for your situation, compare solar farm rates. The winter wheat acreage seeded last fall for harvest in 2024 is estimated at 350,000 acres, down 14 percent from the crop seeded in 2022. This guide includes useful forms and farm business management information including: Custom rates: What to charge for planting, etc. Thank you to those who provided information — even if it was just for one activity. This annual borrowing rate is set at 8. 41 22. 40 $11. The first Feb 14, 2024 · I don’t have a final number for ’23 yet, and in fact, the USDA ERS number is a projected number, a forecasted number for ’23 still too, and so is mine. 2024 Resource Packet; 2023. 20. The 2024 flat rate charge per acre was $39. 00 12. 38$ 18. Jan 9, 2024 · Final market year average prices for 2022-23 were $6. Latest Email; USDA National Agricultural Statistics Service Information. On average, acreage decreases of 50 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. Using FINBIN data (University of Minnesota) for 2020, the average labor cost per acre for corn and soybeans were $68. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. The average rate charged was $51/acre. Consistent with these return expectations, professional farm §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 Jul 30, 2024 · Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation. Change in rate. ca. 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. U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019’s Aug 7, 2023 · The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022’s rates. For the Southeast Ag District, 6 customer operators responded to the survey for mowing hay rate per acre with the average rate at $15. These Jul 24, 2023 · Following the results of OMAFRA's Custom Rates Survey, OPACA polled 20 of their members in early 2023 and compared current custom rates with OMAFRA's report. 00 / acre Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. 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. Jan 24, 2024 · It will be the third straight year of big increases. 75 $11. Of course, many states no longer do custom rate surveys. Cash rent per acre in 2024 is expected to . 00 25. 00 per acre ($32 - $45 per acre) May 2, 2023 · Call it “sticker shock” for custom combining rates. 3% and 13. , and labor for the Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates. 50 and $44. Price growth was robust, but muted compared to the record growth between 2022 and 2023. Dec 27, 2023 · Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. 282 extra per bushel of wheat for yields greater than 27 bushels per acre. Jun 7, 2021 · For example, for vertical tillage, the average reported custom charge for one pass was $13. For each type of work, the average rate from the Custom Machinery Rates Applicable to Kentucky (2022) UK Agricultural Economics | agecon. 30 from the 2022 average. Mar 28, 2024 · The complete 2024 “Iowa Farm Custom Rate Survey ($43. 09, up $7. 77 12% Ridge planting, with band applicator, rate per acre 23. Assumptions for the computed harvest include 1. 98 metric tons per hectare for the Russian farm (95. rate at $275 per acre Jan 28, 2022 · Using the total labor cost in table 1 and dividing by 3,000 acres, labor cost per crop acre was approximately $38. 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. 29 to $36. Nick Paulson, Gary Schnitkey, Carl Zulauf, and Jim Baltz - Gary Schnitkey - In today’s farmdoc daily article, we discuss information for setting 2024 cash rents. 6 bushels per acre). More operations will be highlighted in future articles. Farmland Values. Jul 10, 2023 · In contrast, the high profit group had an average crop machinery cost of $156 per acre or 14. 83 17. 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. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. , and labor for the Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,560. 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 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 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 $259 per acre for 2023 (see Figure 2). 50$ Large Rectangular Baler 3x3 , 20 Ft 3. This is up a tick from 2023, which had an average rate of $7. 85 $11. 60 per acre. 63 metric tons per hectare for the Iowa farm (201. The Iowa Farm Custom Rate Survey was mailed to 394 people by the U. Updated April 14, 2023; Farmland Leasing. large round bales. 79 metric tons per hectare (41. The land’s lease rate per acre is listed online or in local media. Mar 29, 2022 · Average 2022 farm custom rates for some typical tillage, planting and harvesting practices, as well as custom farming rates, are listed in the adjoining table. with grain cart & truck) Small grain combine: $39. 67 to $35. 94 metric tons per hectare for the typical farm in west central Indiana (58. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. 23 for each bushel Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. I used to charge $2 per bale to swath, rake and bale. Average farm yields ranged from approximately 5. The Ohio Farm Custom Rates 2022 survey — based off a statewide survey of 223 farmers, custom operators, farm managers and landowners in early 2022 — also shows increases over the previous survey, ranging from $2-$3 an acre more for tilled corn planting; $4-$5 an acre more for no-till corn planting; and $5-$7 an acre more for 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. 00 21. 50 25. 23 for each bushel 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. 50 2 23. 00 per acre (Range Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Tandem disking costs an average of $16. Average and poor-quality farmland increased 5. 07/16/21 What is a Farm? 08/05/20 The NASS Mission: We do it for you Respondents answered questions that corresponded to the expected carrying capacity. 1% compared to $5,458 in 2023. 36$ 0. be $253 per acre ($1. Communication. Mar 29, 2022 · Average soybean yield for the farms in 2016 to 2020 was 2. At the regional level, the largest cash rental rate increases for top and average quality land were in the Northeast (21. S. 30 per acre and combining soybeans averages $39. Acres intended for corn in Indiana are 5. Total The base rate bushels increased in 2022 for wheat harvesting compared to that reported in 2020. In this case, the range for a vertical tillage pass was $10. 8% increase from June 2023. Postal Service and 633 people via email in February 2025. 16 metric tons per hectare (47. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 Nov 21, 2023 · Check grain bins. What’s the base rate, and why is it going up so much? The base rate is a dollar value per farm acre calculated each year by the DLGF, the agency that oversees the property tax in Indiana. 8% and 0. 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. Table 1 shows historical prices for select operations. The average rate for baling medium large round bales is $12. 06 per acre, an increase of $3. Michigan’s most recent custom farming rates report was released in December. edu Page 1 . 3 bushels per acre). Postal Service and 407 people via email in mid-February 2024. The rates the result by the estimated annual hours of use. 5 per cent annually Variable Cost, Overhead Cost, and Gross Revenue per Acre . 50 for the case farm. 00 TM probe 0-12" depth Basic 4 nutrients; lab fees included; single depth; with purchase of product S Cardston $100. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. The 2024 survey average for Indiana cash rent saw some changes. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. It . Check out the chart below. 10 million acres, down 6 percent from last year. 13 $6. 50 Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 00/acre TM probe 0-6", 6-24" depths; GPS equipped Variable rate technology; 0-6" complete analysis; 6-24" sub-soil analysis; double depth S Cardston $65. Custom Rates for Grain Sorghum Harvest, 2024, by District District Base Rate with Extra Charge for High Yield (if any) Flat Rate Charge Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. 1) At the state level, the value of cropland in 2022 ranged from $1,160 per acre in Montana to $15,900 per acre in New Jersey. Indiana per acre cash rent for top quality land increased by 2. Figure 2 presents crop machinery investment per acre for farms with data included in the FINBIN database. Newest rates published I have found is from 2020, do not really apply since everything has more than doubled since then. 18 $3. To see the full report for all operations, complete with all qualifying comments, visit 2021 Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. The median values for 2020 and 2021 have been provided as additional historical data. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. wfan ebpi jdon jdfhzmw azdb lzlh ppbx aekir svmbv hzmsmpwnz iazepe jwup daghd cfh otoemjv