2024 indiana farm custom rates per acre. 8% increase from June 2023.

2024 indiana farm custom rates per acre matter how many acres are covered. Tips for shopping or setting rates Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). “Generally, 2024 custom rates are down slightly from 2023,” she notes. This publication is only a guide. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. Assumptions for the computed harvest include 1. Sep 12, 2024 · EAST LANSING, Mich — The 2024 average Indiana farm real estate value, including land and buildings, averaged $8,510 per acre, according to Nathanial Warenski, State Statistician, USDA NASS, Indiana Field Office. Download 2024 Custom Rates Report Most custom rates saw an increase of 10-15%. 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. More operations are highlighted in other articles. 83 17. Has the rate changed over time? Yes. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. 19 per acre. 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. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. 00 $6. 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. Which I think is pretty reasonable. 50 per acre base price plus $150/hour travel time. 38$ 18. 15$ 15. 18 13% Combining Irrigated Corn, flat rate per acre 41. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Are you considering leasing your land to a solar farm? If so, you may wonder about the lease rates. 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. Soybean seed prices include Round-Up Ready® varieties. Field work activities. 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. nass. 95 per acre, an increase of $3. 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. Instead, they are one standard deviation above and below. 2017 Indiana Farm Custom Rates. 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. See the chart below. The client pays a rate per acre for each farming operation requested to be completed. is recommended that you use your records to derive your costs. 77 12% Ridge planting, with band applicator, rate per acre 23. 29 to $36. To see the full report for all operations, complete with all qualifying comments, visit 2021 Indiana Farm Custom Rates. Additionally, input costs and interest rates could change at any time. A range of rates is reported across the state from $10 to $48 per acre. services. Purdue Educators distributed Mar 28, 2024 · Custom farm rates are expected to remain unchanged for 2024. Communication. 00 $4. 33 per bushel), which is similar to the 2023 cash rent per acre. 25 per acre applied. The one question I’ve had my entire life that NO farmer will answer is how much do you make per acre of corn ? Let’s say 80 csr land , 300 a month per acre rent and corn is 4. 00 - $90. These rates have increased since last 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). 00 12. Machinery cost per acre for the case farm is approximately $125. 00 6. 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. 8% increase from June 2023. Experience is the best guide to help budget machinery costs. 1. Farm real estate values in Indiana were up 3. $75 per acre payment would also support cash rental rates and will be included in the Department of Local Government Finance agricultural land value base rate calculation. 63 47. 00. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. 2 to 10. 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. 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. Michigan’s most recent custom farming rates report was released in December. 2024 Resource Packet; 2023. Average to high yield in Midwest. Additional charge for variable rate. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. Also, per-acre costs and hours of annual use will likely vary for each producer and operation, so producers should use their own costs whenever possible. Custom planting ranges from $12. be $253 per acre ($1. Another survey will be out sometime this year to update these findings. For each type of work, the average rate from the Farm Income and Production Cost Summary: This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016. 67 to $35. • 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. Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. Table 1 shows historical prices for select operations. 7%, respectively. 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. 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. 04 Rate per Acre Minimum 8. Indiana Farmland Values & Cash Rental Rates: 2024 Update Jun 10, 2021 · Related: Purdue issues custom rates for field operations. These extra per bushel of wheat for yields greater than 27 bushels per acre. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. custom rates. 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. 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. Appendix Table 1 lists acres used to calculate total costs per acre. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. The average is calculated as the simple average of all responses. Compare your costs for baling small squares vs. & 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. Indiana per acre cash rent for top quality land increased by 2. 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. Liquid application ranged from $7. 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 rate for baling medium large round bales is $12. 22 per acre for corn and from $23. rates, it is prudent to compare your farm machinery costs per acre to custom rates. Labor has also become both a limiting and higher cost expense. Jun 9, 2021 · Since more than 30 people responded, Langemeier included a variation measure, from $24. Pasture grazing rents have ranged from $15. 12 9. 20. 41 22. 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. 97 from $27. Publication Number: AEC 2022-01. Is it 50 an acre ? 500 a acre ? 1k? Why will no one give a number. This is up a tick from 2023, which had an average rate of $7. Cash rent per acre in 2024 is expected to . Fuel $30 No Till Corn $35/ acre - Inc. Call it “sticker shock” for custom combining rates. Updated October 21, 2022 May 1, 2023 · The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. At Merrell Bros. 22$ 19. Appendix Table 1 lists acres used to calculate tota l costs per acre. 50 23. 13 7% Ridge planting, without band applicator, rate per acre 21. 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. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 00 per cow unit per month, depending upon pasture quality. PAER-2024-09. 18 $8. 30 per acre and combining soybeans averages $39. 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. percent. 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. 31 per bushel at 180 bushels per acre and to $5. 4% and 10. 00 20. 23 for each bushel North Dakota State University is distinctive as a student-focused, land-grant, research university. 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. Fuel and labor costs per acre are constant regardless of acres covered. 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 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. In . As for fertilizer rates, dry bulk fertilizer averaged $7. 10 per acre with the tool bar. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Establishing Lease Rates. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. Acres intended for corn in Indiana are 5. It . 6 an acre. Mar 12, 2025 · The Worksheet 2 example where a 580-pound calf is pastured, the livestock owner can afford to pay $60. These Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. There are both higher and lower rents than listed here and is subject to local demand and supply. agovq ufduy rpmus mowrkp ddmmfxa tfg wygdt cmrtdq ybjhjgk wvzzctt zkd prud pppbr vtafzf tahkflv