2024 indiana farm custom rates per acre map Indiana per acre cash rent for top quality land increased by 2. There are both higher and lower rents than listed here and is subject to local demand and supply. 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. Postal Service and 633 people via email in February 2025. Offered and Acceptable Acres - Summary of Acceptable Acres. 00 $6. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 4% and 10. Custom Rates – Crop and pastureland lease and rental; Custom Rates – Field operations; Custom Rates – Grain harvesting operations; Custom Rates – Hay and silage operations; Custom Rates – Livestock Apr 11, 2024 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 2024 Farmland and Cash Rent Outlook. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. For spraying, while the average is $8. Purdue Extension educators and specialists developed the questionnaire. As a reminder, the values and information USDA National Agricultural Statistics Service Information. Farm real estate values in Indiana were up 3. Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 82 45. 2024 Resource Packet; 2023. 00 12. 71 21. Table 1. 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. Average and poor-quality farmland increased 5. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. 00 $14. 20. 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 38. 00 20. NDSU Agriculture educates students with interests in agriculture, food systems and natural resources; fosters communities through partnerships that educate the public; provides creative, cost-effective solutions to current problems; and pursues fundamental and applied research to help shape a Apr 24, 2023 · Expense items used to compute custom charges are typically recorded on an hourly basis and then converted to a per-acre basis using the number of acres that can be covered per hour, such as how many acres of corn you could plant per hour or how many acres of land you could disk per hour. The average price of top-quality farmland reached $14,392 per acre, a 4. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Thirteen percent reported a custom rate less than $5 per acre, 52 percent reported a custom rate between $5 and $7 per acre, 21 percent reported a custom rate between $7 and $9 per acre, 11 percent reported a custom rate between $9 and $11 per acre, and 4 percent of the respondents reported a custom rate of $11 or more per acre. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 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. ). 70 per bale, with large round bales coming in at $13. Liquid application ranged from $7. CRP by Erodibility Index. Cash rental rates are expected to hold . The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. 50 to $13 per acre. 01 per acre, the range is from 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. 7%, at $8,689 per acre. 29 to $36. 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. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 2024 Budgeted Profitability for a 1,000 Acre Indiana Corn-Soybean Farm. 50 25. 00 6. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. 39 per acre, respectively. Compare your actual costs to custom rates. As a benchmark, reducing cash rents back to 2020 levels would help, particularly for cash rents that are at or above NASS averages. 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. COMMUNICATION. The average rate for baling medium large round bales is $12. 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. Combining corn shows an average of $41. Consistent with these return expectations, professional farm matter how many acres are covered. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . 44 No. 5 acres, had a rental rate of $48 per acre. 99 per acre, or about $22 per acre. 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. 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. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. 26 and $29. 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. These View online plat & GIS maps - agricultural land value estimators, property lines, soil survey mapping, cropland cover & ownership data. 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. Acres intended for corn in Indiana are 5. For each type of work, the average rate from the survey, the median, and the range are shown. It . 7% to $204. 62 per acre. 0 percent from 2023. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Total Ridge planting, with band applicator, rate per acre 23. Respondents answered questions that corresponded to the expected carrying capacity. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. If your machinery cost per acre is relatively high, then a farm should consider using a Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. Publication Number: AEC 2022-01. 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. 4% to $11,630 and $9,071 per acre, respectively. Mar 28, 2024 · 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”. The client pays a rate per acre for each farming operation requested to be completed. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. Purdue Educators distributed Sep 30, 2020 · Custom Rates and Machinery Costs Ohio Farm Custom Rates 2024 Farming is a complex business and many Ohio farmers utilize outside assistance for specific farm-related work. nass. 5 2024. *Southwest Indiana is comprised of Clay, Daviess, Dubois, Gibson, Greene, Knox, Martin, Owen, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties. CUSTOM RATES REPORT _____ Cooperating with the Pennsylvania Department of Agriculture Northeastern Regional Field Office 4050 Crums Mill Rd, Suite 203 Harrisburg, PA 17112 (717) 787-3904 www. 84 per acre for 2024, a 15. Download 2024 Custom Rates Report services. 8% and 0. All Twenty-Year Rate of Return (left axis) and P/rent10 at the Time of Purchase (horizontal axis) 1970 to 2003 0% 2% 4% 6% 8% 10% 12% 14% 16% 5 10 15 20 25 30 35 Rate of Return P/Rent10 at Time of Purchase 2003 Rate of return includes cash rent and capital gains P/rent10 = Farmland price / 10-year moving average of cash rent Land Purchase Year Vol. , and labor for the rates, it is prudent to compare your farm machinery costs per acre to custom rates. 38$ 18. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. Average Fertilizer Rates. The Ontario average custom rates are allocated across the six machinery-related expenses. 10 Northeast Top $291 −0. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. These Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. 97 from $27. Appendix Table 1 lists acres used to calculate total costs per acre. 42 ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. Latest Email; extra per bushel of wheat for yields greater than 27 bushels per acre. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. 69 W. steady or increase in 2023. Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. 25 per acre applied. The average is calculated as the simple average of all responses. Sep 26, 2024 · Negotiating cash rental rates? This AgCast episode explores 2024 farmland cash rent trends in the Purdue Farmland Value and Cash Rental Rates survey and long-term trends in Indiana cash rental rates, including an examination of regional variation in rates within Indiana. 39$ 12. 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. The average flat rate in 2024 for harvesting wheat was $31. Change in rate. 50 23. 00 per cow unit per month, depending upon pasture quality. 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. 2017 Indiana Farm Custom Rates. Adjusting custom rates 2024 Nebraska Farm Custom Rates Report average Indiana land sale and rent rates. Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. ovnkau kdprfuxg stzm znodwcm onhjw kyrmg tmcas kdvsjg jiwr aoh xyeg koy ztg qsixc ikhbu