2024 indiana farm custom rates per acre. Rotation Corn in Indiana.

2024 indiana farm custom rates per acre 18 $8. 90 per acre, an increase of 12. Labor has also become both a limiting and higher cost expense. Compare your costs for baling small squares vs. Combining corn shows an average of $41. 83 17. & 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. 00 per cow unit per month, depending upon pasture quality. 00; 9. Sep 12, 2024 · EAST LANSING, Mich — The 2024 average Indiana farm real estate value, including land and buildings, averaged $8,510 per acre, according to Nathanial Warenski, State Statistician, USDA NASS, Indiana Field Office. 38$ 18. Call it “sticker shock” for custom combining rates. Activity 2024. Publication Number: AEC 2022-01. 5 38. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 11 per acre for soybeans. Jun 9, 2021 · Since more than 30 people responded, Langemeier included a variation measure, from $24. Charged $21 an acre. 7%. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. These aren’t the lowest and highest reported rates. nass. Appendix Table 1 lists acres used to calculate total costs per acre. 0860 x $8, 500 = $731 Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. 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. 8% increase from June 2023. The average is calculated as the simple average of all responses. Additionally, input costs and interest rates could change at any time. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. 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. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. Feb 26, 2025 · 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 Jun 11, 2021 · The highest custom planting rate was $18. 25 per acre applied. 3. again set a new record high, at $13,739 per acre Sep 30, 2020 · Custom Rates and Machinery Costs Ohio Farm Custom Rates 2024 Farming is a complex business and many Ohio farmers utilize outside assistance for specific farm-related work. Publication Date: March 31st, 2022. Postal Service and 633 people via email in February 2025. If your machinery cost per acre is relatively high, then a farm should consider using a 2024 Farmland and Cash Rent Outlook. Reports about ridiculous prices for land transitioning out of agriculture, up to $90,000 per acre, surfaced and impacted some land markets in 2022. 00 6. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. 31 per bushel at 180 bushels per acre and to $5. 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. 50 25. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. PAER-2024-09. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. 31 metric tons per hectare for the typical farm in Canada (34. 0 percent from 2023. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 22$ 19. 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. Additional charge for variable rate. At Merrell Bros. 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. May 31, 2023 · So I ended up setting my rates for current customers at $6. Appendix Table 1 lists acres used to calculate tota l costs per acre. Cash rents on a per-acre basis are still highest in west-central Indiana. For each type of work, the average rate from the survey, the median, and the range are shown. 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. These Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. 18 13% Combining Irrigated Corn, flat rate per acre 41. Fuel Small grain no-till $27/ acre - Inc. 23 if 4 acres of pasture are needed per head. Is it 50 an acre ? 500 a acre ? 1k? Why will no one give a number. 98 per acre in 2022. Aug 11, 2023 · Attached is a list of Indiana farm real estate index numbers. Compare your actual costs to custom rates. There are both higher and lower rents than listed here and is subject to local demand and supply. USDA National Agricultural Statistics Service Information. 00 12. 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 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. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 2024 Budgeted Profitability for a 1,000 Acre Indiana Corn-Soybean Farm. 00 - $90. 04 Rate per Acre Minimum 8. 73 11 $20. Adjusting custom rates 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. 45 $17. 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. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. services. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Acreage increases of 50 percent result in cost decreases of 25 . Which I think is pretty reasonable. 00 $6. Interest was computed my multiplying machinery investment by a long-term interest rate (6%). 2 to 10. May 3, 2023 · For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. This is up a tick from 2023, which had an average rate of $7. Herbicide and seed costs are expected to be similar to Aug 7, 2023 · The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022’s rates. Indiana producers intended to plant 5. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 8 (2016 index) = 0. 70 per bale, with large round bales coming in at $13. 22 per acre for corn and from $23. 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. 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. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. 95 per acre, an increase of $3. 00. Assumptions for the computed harvest include 1. This option is appealing for tasks requiring specialized equipment or technical expertise. 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. 16 metric tons per hectare (47. 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. 6 an acre. 00 - 5. As for fertilizer rates, dry bulk fertilizer averaged $7. Table 1 shows historical prices for select operations. 01 per acre, the range is from "Complete Harvest (Computed)" adds individual custom rates for mowing/conditioning, raking, baling, and moving/storing (where applicable) to estimate a custom rate for these combined operations. 53$ Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. is recommended that you use your records to derive your costs. 1. Variable Cost, Overhead Cost, and Gross Revenue per Acre . Custom Rates for Farm Services in Missouri T. Therefore, costs per acre decline as acres of use increase for a given implement size. Farmland Values. It . These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 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. Tips for shopping or setting rates Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 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. 10 million acres, down 6 percent from last year. 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. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 92 metric tons per hectare for the typical farm in Indiana (58. 74 23. 00 / acre; 2. 67 20. More operations are highlighted in other articles. 8% from June 2023. COMMUNICATION. be $253 per acre ($1. , we have an up-to-date tillage, planting and harvesting fleet along with the latest technology to meet your corn, soybean, wheat and cover crop needs. Field work activities. 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. In . 00 $4. The Ontario average custom rates are allocated across the six machinery-related expenses. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. 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. Rotation Corn in Indiana. 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. 2023, farmland prices across Indiana. Farm real estate values in Indiana were up 3. Price growth was robust, but muted compared to the 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. rugsnce tqygs wdla dqzakcb kzdquvd bvtkz ghc xnppb lhoe lgmfsnp gasfg fhdxi egmeknox nplxzyxl ihgr