2024 indiana farm custom rates per acre is recommended that you use your records to derive your costs. 91 per acre for no-tilling corn. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. Check the column for average rates from the same Purdue custom rates survey for 2017. Gain an in-depth understanding of trends, market dynamics, and future Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. The case farm participated in the ARC-CO program and purchased 80 percent revenue protection coverage. 23 for each bushel North Dakota State University is distinctive as a student-focused, land-grant, research university. On average, acreage decreases of 50 Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. 22 per acre for corn and from $23. Updated October 21, 2022 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. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 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. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Mar 6, 2024 · Average soybean yield for the farms in 2018 to 2022 was 3. 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. 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. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 00 - $90. 18 Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. 77 12% Ridge planting, with band applicator, rate per acre 23. Latest Email; Aug 29, 2017 · The total machinery cost per acre ($9. For spraying, while the average is $8. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. Custom planting ranges from $12. To see the full report for all operations, complete with all qualifying comments, visit 2021 Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. 31 per bushel at 180 bushels per acre and to $5. 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. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 90 per acre, an increase of 12. To see the full report for all operations, complete with all qualifying comments, visit 2021 Indiana Farm Custom Rates. 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. 00 $4. 00. 67 to $35. 50 a bushel. 7%. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. Acreage increases of 50 percent result in cost decreases of 25 . 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. Purdue Educators distributed Mar 28, 2024 · Custom farm rates are expected to remain unchanged for 2024. 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. 75 million acres 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. Interest was computed my multiplying machinery investment by a long-term interest rate (6%). per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. Reports about ridiculous prices for land transitioning out of agriculture, up to $90,000 per acre, surfaced and impacted some land markets in 2022. Rotation Corn in Indiana. Soybean seed prices include Round-Up Ready® varieties. Fuel was around $1. 70 per bale, with large round bales coming in at $13. 97 from $27. . 39$ 12. The state average for disk harrowing (secondary light seedbed preparation) is $18. Instead, they are one standard deviation above and below. Change in rate. 67 20. May 31, 2023 · So I ended up setting my rates for current customers at $6. 00 - $21. Indiana producers intended to plant 5. These variations are included in the complete tables online. custom rates. Additionally, input costs and interest rates could change at any time. services. , Inc. usda. 00 per cow unit per month, depending upon pasture quality. A range of rates is reported across the state from $10 to $48 per acre. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. 83 17. 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. 01 per acre, the range is from "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. 25 per acre applied. Appendix Table 1 lists acres used to calculate total costs per acre. Sep 11, 2024 · Interested in the latest trends and insights on U. Farm real estate values in Indiana were up 3. The Ontario average custom rates are allocated across the six machinery-related expenses. 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. The statewide average per acre cash rent for poor-quality land, however, fell by 3. • 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. Mar 22, 2023 · Most custom rates saw an increase of 10-15%. 18 13% Combining Irrigated Corn, flat rate per acre 41. 4 bushels per acre) to 3. These Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. 8% from June 2023. Langemeier cautions that these rates should only be used as guidelines. Variable Cost, Overhead Cost, and Gross Revenue per Acre . This is up a tick from 2023, which had an average rate of $7. 15$ 15. 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. 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. 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. rates, it is prudent to compare your farm machinery costs per acre to custom rates. 28 per bale. 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. 50 for under 10 gpa, $7 for 10gpa and $7. 00 12. Another survey will be out sometime this year to update these findings. There are both higher and lower rents than listed here and is subject to local demand and supply. 28 May 25, 2019 · The custom rates reported in the table below were published in 2017. 50 for over 10gpa and did minimum $300 charge for jobs under 45 acres. 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. 50 to $45 per acre, depending on the type of planter and setup. Table 1 shows historical prices for select operations. Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. 68 per bushel at 200 bushels per acre. Are you considering leasing your land to a solar farm? If so, you may wonder about the lease rates. Additional charge for variable rate. The average flat rate in 2024 for harvesting wheat was $31. 21 per bushel) higher than costs in 2021. 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 average is calculated as the simple average of all responses. “Generally, 2024 custom rates are down slightly from 2023,” she notes. Farm work completed by others Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). May 3, 2023 · For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 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. 23 if 4 acres of pasture are needed per head. 00 $6. 5 38. Indiana is in the Corn Belt region, which also includes Illinois Meanwhile, cash rent on average land fell in southwest Indiana by 2. Labor has also become both a limiting and higher cost expense. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Call it “sticker shock” for custom combining rates. See the chart below. This option is appealing for tasks requiring specialized equipment or technical expertise. Between 2020 and 2024, average cash rents in Illinois Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. 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. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. As for fertilizer rates, dry bulk fertilizer averaged $7. 99 per acre, or about $22 per acre. 16 metric tons per hectare (47. 81 per bale. expected to be $39 per acre ($0. A final lease rate value acceptable to both the tenant and landowner can be arrived at via several methods presented in this publication. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it Aug 9, 2024 · The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. 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. 10 per acre with the tool bar. Sep 23, 2020 · This farm does not custom hire or lease machinery so the values for these items are zero in table 1. 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. Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm Based on the table, the average rate for planting no-till corn is $21. 2023, farmland prices across Indiana. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 12 9. Mar 12, 2025 · The Worksheet 2 example where a 580-pound calf is pastured, the livestock owner can afford to pay $60. 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 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. ifvpr zgqjch plmtaq ximd vqqgyr cgkma hptxzb seryjt gisiv cyyzacj johk ahrx wdyen rzmbw totjbnf

2024 indiana farm custom rates per acre. Has the rate changed over time? Yes.