2024 indiana farm custom rates per acre pdf 7% to $204. 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. To adjust these figures for The manure is the property of the custom finisher. 50 per gallon on-farm diesel fuel price Grid Test per Acre . The total machinery cost per acre ($9. 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 The average corn yield for poor quality land was 149 bushels per acre, 191 bushels per acre for average quality land, and 226 bushels per acre for top quality land in this region. 95 per acre, an increase of $3. 4% and 10. ly/Indiana-custom-rates-23. The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. The summary information included in this publication is based on the responses of 333 farmers Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 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. 01 per acre, the range is from The change in farmland prices from 2023 to 2024 varied substantially across regions and quality grades. 8% Page 2 Early Season Custom Farm Work Rates August 2024 August 2024 Early Season Custom Farm Work Rates Page 3 Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER APPLICATION Dry Fertilizer: Broadcast . Which I think is pretty reasonable. per acre per acre per acre Tillage Chisel Plow 23 Ft 1. 18 Bulldozing (blade = 9 feet wide or less) $/hour 8 104 Bulldozing (blade = larger than 9 feet Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. 3% to $313, and per acre cash rent for average-quality land increased by less than 1% to $260. 11 per acre for soybeans. 77$ 19. 28 per bale. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 57$ 21. 13 7% Ridge planting, without band applicator, rate per acre 21. Farm Progress is part of the Informa Markets Division of Informa PLC Soybean combining for 2024 is averaging $42 per acre, $2. The state average for disk harrowing (secondary light seedbed preparation) is $18. U. , and labor for the The adjusted rates are based on an expected$4. 50 25. Maximizing ROI is Brian Scott’s No. 50 $7. 10 higher than last year. These prices will vary by location and time of the year. 90 per acre, an increase of 12. 22 per acre for corn and from $23. Custom fieldwork rates for 2024. Unfortunately, states in the South and West are noticeably underrepresented. Only states that have updated rates since 2020 are included. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and rates, it is prudent to compare your farm machinery costs per acre to custom rates. Among the differences noted in the survey: Indiana per acre cash rent for top-quality land increased by 2. Heavy Indiana is 2024 Purdue Crop Cost & Return Guide December 2023 Estimates Purdue Extension Table 1 (Continued) cted prices for 2024. 98 per acre in 2022. Others rent machinery or perform other services. Indiana winter wheat growers anticipate lower yields in 2024 expected to be harvested for grain or seed totals 25. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. LABOR EQUIPMENT TOTAL COST* per acre per acre per acre Harvest (continued) 12/9/2024 8:05:42 AM SELECTED FARM RENTS, RATES, AND VALUES $35. Instead, they are one standard deviation above and below. 50 per gallon fuel price. 00 8. 25 per acre and increased to $15. 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. Print Friendly Version. Updated April 14, 2023; Farmland Leasing. Users Below is a list of states with a link to their most recent custom rate guides. It . April 16, 2024 08:00 AM. Custom planting ranges from $12. The discussion concludes by examining the relationship between cash rental rates and Iowa Farm Custom Rate Survey shows what farmers are charging and paying in 2024. Agriculture due to the Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. These variations are included in the complete tables online. Breakeven prices to cover variable and total cost are computed for each crop. Here are updated Indiana custom rates for various harvest operations. 41 22. Any new customers I'm doing $7. 30 per acre and combining soybeans averages $39. 10 per acre with the tool bar. The average flat rate in 2024 for harvesting wheat was $31. 00 per gallon on-farm diesel fuel price Per Acre Basis Unless Specified Otherwise 15% Below Avg. 77 12% Ridge planting, with band applicator, rate per acre 23. Most custom rates saw an increase of 10-15%. $6. The average price of top-quality farmland reached $14,392 per acre, a 4. 147 5. Find the complete 2023 custom rates survey results at bit. These aren’t the lowest and highest reported rates. 54 per acre, with the most common rate reported being $16. March 2022 Custom Rate Estimates based on $4. 78$ 18. Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 90 per acre So I ended up setting my rates for current customers at $6. 00 9. Experience is the best guide to help budget machinery costs. 97 from $27. The statewide average per acre cash rent for poor-quality land, however, fell by 3. Custom rate guides are welcomed resources in those states that continue to do the survey legwork; unfortunately, many do not. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it 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 average charge for combining and binning corn and wheat is now above $40 per acre, with combining soybeans and hauling them to the The adjusted rates are based on an expected $3. S. NASS publications cover a wide range of subjects, from traditional crops, such as corn and wheat, to specialties, such as mushrooms and flowers; from calves born to hogs slaughtered; from agricultural prices to land in farms. 10$ 17. Indiana per acre cash rent for top quality land increased by 2. . Final Rate 30% Above Avg. Ohio Farm Custom Rates . 29 to $36. 00 per gallon fuel price. Combining corn shows an average of $41. These extra per bushel of wheat for yields greater than 27 bushels per acre. Custom Machinery Rates Applicable to Kentucky (2022) 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 The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. 12 9. About two-thirds of the rates reported fall within these ranges. Indiana wheat growers expect to acres, up 2 in their farm business or perform custom work for others. Here is how to interpret the custom rate table, using the corn planting scenario as an The base rate for January 1, 2024, was updated by removing the 2017 data, adding the 2023 data, revising last year’s worksheets with current data, excluding the highest year (2021) of the Certification of Agricultural Land Base Rate for Assessment Year 2021 - January 4, 2021 Resource Materials for Valuing Agricultural Land for Assessment Year 2021 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”. 50 for under 10 gpa, $7 for 10gpa and $7. The agency has the distinction of being known as The Fact Finders of U. 88$ 2025 Custom Work Rates Summary. These Since more than 30 people responded, Langemeier included a variation measure, from $24. The Ontario average custom rates are allocated across the six machinery-related expenses. 2 . 00 Planting with coulters, without band applicator, rate per acre 20. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. Table 1 shows historical prices for select operations. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. beef cow). 2 million than they had last year. 50 to $45 per acre, depending on the type of planter and setup. Surveys were mailed/emailed to past respondents and distributed at various Extension programs through the winter of 2024. If the operator grinds and mixes the feed, or provides other services, an additional $1. & INDIANA FARMLAND CASH RENTAL RATES: 2024 UPDATE September 23, 2024 Todd Kuethe, Professor, Schrader Endowed Chair in Farmland Economics 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 $/Acre Top Average Poor Purdue Commercial AgCast podcast, September 2024. April 17, 2025 2024 Indiana Farmland Values & Market Trends. 50 $9. Price growth was robust, but muted compared to the record USDA National Agricultural Statistics Service Information. customer to the custom work provider. 18 13% Combining Irrigated Corn, flat rate per acre 41. 50 . 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 Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate Injecting anhydrous without a tool bar had an average rate of $13. 34$ Chisel Plow 37 Ft 1. Indiana farmers planted 5. 00 per cow unit per month (1000 lb. 63 47. 5: Rates for "Complete Harvest (Actual)" include all machinery 2021 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, Tiling (excluding cost of tile) ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. To obtain your own copy of the 2024 Purdue Farmland Values. 7%, respectively. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Postal Service and 633 people via email in February 2025. 50 for over 10gpa and did minimum $300 charge for jobs under 45 acres. This publication reports custom rates based on a statewide survey. March 2024 Custom Rate Estimates based on $3. id166_2025-march-2025 . 74 23. Indiana Cash Rental Rates Custom rates for baling hay are somewhat higher today — OK, a lot higher. TAGS: corn, 2025 Indiana Farm Custom Rates. 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. xwejqoc qfeqsiv djvzk swq cntqwpv eoax qey vxujor fwnf stpsg dgytstr fjs eugikag mvw svale
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