2024 indiana farm custom rates per acre map Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it cropland value from the survey is $6,119 per acre, an increase of 12. The average is calculated as the simple average of all responses. Todd Kuethe, Schrader Endowed Chair in Farmland Economics, conducted the survey of farm managers and bankers in June. 13 Average $233 3. Farm work completed by others 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. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Land in farms was 14. 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. 73 11 $20. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 4% and 10. 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. The average flat rate in 2024 for harvesting wheat was $31. Combining corn shows an average of $41. At Merrell Bros. 11 per acre for soybeans. 00 - $21. 82 45. As a reminder, the values and information USDA National Agricultural Statistics Service Information. PAER-2024-09. Fuel $30 No Till Corn $35/ acre - Inc. Updated April 14, 2023; Farmland Leasing. Aug 26, 2024 · 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. 70 per bale, with large round bales coming in at $13. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to 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. Liquid application ranged from $7. 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 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. Table 1 shows historical prices for select operations. Michigan’s most recent custom farming rates report was released in December. 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. This is up a tick from 2023, which had an average rate of $7. 45 $17. Indiana producers intended to plant 5. 84 15% Combining Dryland Corn, flat rate per acre 38. Compare your costs for baling small squares vs. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. Appendix Table 1 lists acres used to calculate total costs per acre. Mar 20, 2023 · Most custom rates saw an increase of 10-15%. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. 62 per acre. 8%, to $11,210 per acre, and poor-quality farmland was up only 0. Price growth was robust, but muted Call it “sticker shock” for custom combining rates. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. 66 Average $239 −0. 6 million acres, unchanged from last year. 10 Northeast Top $291 −0. 63 47. 70 Poor $185 3. Average and poor-quality farmland increased 5. Since more than 30 people responded, Langemeier included a variation measure, from $24. 50 to $45 per acre, depending on the type of planter and setup. The state average for disk harrowing (secondary light seedbed preparation) is $18. These Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. Jan 16, 2024 · Farmland Values. 28 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 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. Publication Date: March 31st, 2022. 12 9. 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 number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. 75 million acres 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. There are both higher and lower rents than listed here and is subject to local demand and supply. 54 per acre, with the most common rate reported being $16. The rates custom rates. 30, 2017) CRP Contracts Arrayed by Acres per Contract. 0 percent from 2023. 71 21. Total Ridge planting, with band applicator, rate per acre 23. Maryland and Delaware released a custom rate survey earlier this year, while Ohio and New York released custom rate surveys last year and will likely update them in 2024. 39$ 12. COMMUNICATION. As for fertilizer rates, dry bulk fertilizer averaged $7. 90 per acre, an increase of 12. ). 5 2024. Average price for top-selling land was $13,739 per acre, up 7. 1% compared to $5,458 in 2023. Based on the table, the average rate for planting no-till corn is $21. 31 per bushel at 180 bushels per acre and to $5. Download 2024 Custom Rates Report services. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. While the farmland market has been robust in recent years May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 53$ Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. 00 $4. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 15$ 15. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 2017 Indiana Farm Custom Rates. 83 17. 22$ 19. 74 23. 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 Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. & 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. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 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. , and labor for the . Soybean seed prices include Round-Up Ready® varieties. “Generally, 2024 custom rates are down slightly from 2023,” she notes. For no-till corn, 32 people responded. large round bales. 99 per acre, or about $22 per acre. Farm real estate values in Indiana were up 3. Table 1. To obtain your own copy of the 2024 Purdue Farmland Value Survey Results, contact your local Extension Office or click here. Therefore, costs per acre decline as acres of use increase for a given implement size. 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. 84 per acre for 2024, a 15. Jun 9, 2021 · Based on the 2021 numbers, you can expect to pay a hair more for harvesting corn than soybeans, averaging $30. The rate for conventional corn is $19. 8% and 0. 97 from $27. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. Find local businesses, view maps and get driving directions in Google Maps. The average price of top-quality farmland reached $14,392 per acre, a 4. 18 $8. 50 23. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. 00 6. 18 13% Combining Irrigated Corn, flat rate per acre 41. 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 Budgeted Profitability for a 1,000 Acre Indiana Corn-Soybean Farm. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. 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. Compare your actual costs to custom rates. 30 per acre and combining soybeans averages $39. Change in rate. CRP - Years Enrolled by State. On average, acreage decreases of 50 Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. For each type of work, the average rate from the 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. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. *Southwest Indiana is comprised of Clay, Daviess, Dubois, Gibson, Greene, Knox, Martin, Owen, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties. 00 16% Combining 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. 36 to $28. 38$ 18. Labor has also become both a limiting and higher cost expense. “While farmland prices increased between 2023 and 2024, survey respondents noted that much of the growth appears to have taken place in the latter half of 2023,” said Todd Kuethe , the Schrader Endowed Chair May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. Indiana per acre cash rent for top quality land increased by 2. Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Custom Rates 2021 Indiana Farm Custom Rates Shredding Corn Stalks $/acre 6 9. Purdue Extension educators and specialists developed the questionnaire. pum umcrza kwptv kwqlwp expal ehmtgqa vop pdkil pvr gyoq zncthv dxmupx eowkbcg alajrn ydqbng
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