2024 indiana farm custom rates per acre map. highest increase in pasture value per acre at 10.

2024 indiana farm custom rates per acre map 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. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. Read More Farm Resource Guide. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. large round bales. o Wisconsin cropland value in 2024 was $6,800 per acre; up $180 from a year ago. 6 an acre. 78 per acre in 2024, up from $10. The farmers participate in the Minnesota State College Farm Business Management program as well the Over the last 20 years, farmland rental rates per acre in california have risen from an average of $0 per acre in to $0 per acre in 2019. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. Has the rate changed over time? Yes. Custom Rates for Farm Services in Missouri T. JOSEPH WAASH 30 NORTHEAST Outcome: Yes. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. Since more than 30 people responded, Langemeier included a variation measure, from $24. o Cropland cash rent paid to Wisconsin landlords in 2024 averaged $158. The infographic 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. The continuous enrollment programs -- CREP, non-CREP and Wetlands -- now make up 8. Feb 10, 2025 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Average price for top-selling land was $13,739 per acre, up 7. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and Custom fieldwork rates for 2024. 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. Corn: $152. 50. 22$ 19. 22 per acre for corn and from $23. The Iowa Farm Custom Rate Survey was mailed to 394 people by the U. 50 to $45 per acre, depending on the type of planter and setup. The 2024 column in the document is included so you can list your anticipated 2024 land rent. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 2018 Texas Agricultural Custom Rates; 2016 Texas Agricultural Custom Rates; 2013 Texas Agricultural Custom Rates; 2011 Texas Agricultural Custom Rates; 2008 Texas Custom Rates Statistics; 2004 Texas Custom Rates Statistics; 1999 Texas Custom Rates Statistics; 1992 Texas Custom Rates Statistics; 1988 Texas Custom Rates Statistics; 1985 Texas May 8, 2017 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. The United States cropland value averaged $5,460 per acre, an increase of $410 per acre (8. 10 million acres, down 6 percent from last year. 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. 00 - $21. 3% from June 2022. Compare your actual costs to custom rates. 5. 60 foot db60 15 inch. The 2024 Purdue Farmland Values and Cash Rent Survey found that the Southwest region that saw the largest annual growth in average per-acre farmland prices, a 22. Table 4. Dec 13, 2023 · Current forward cash prices for Fall delivery in the 2024 crop year are near $4. 5 acres, had a rental rate of $48 per acre. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Average and poor-quality farmland increased 5. 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. The reason is the rise in the base rate of farmland. Publication Number: AEC 2022-01. 25 per acre. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Sep 11, 2024 · Interested in the latest trends and insights on U. 13 Poor $191 0. 75 to $15. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. 80 $12. 13 Average $233 3. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. Others rent machinery or perform other services. Download the free 2025 Farm Resource Guide. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. Cash rents. Herbicide and seed costs are expected to be similar to Aug 13, 2023 · Todd Kuethe, Schrader Endowed Chair in Farmland Economics, conducted the survey of farm managers and bankers in June. $130 per acre (range: $75-$240 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 May 2, 2023 · Call it “sticker shock” for custom combining rates. 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. 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. PAER-2024-09. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . 90 per acre, an increase of 12. 50 Jul 3, 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. 97 from $27. Sep 3, 2024 · Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - Significant declines in 2025 cash rents are expected and may be necessary given negative expected returns for 2024, and a continued low return outlook for 2025. 50 18. Purdue Educators distributed Mar 28, 2024 · The complete 2024 “Iowa Farm Custom Rate Survey ($43. 74 four years earlier. 18 13% Combining Irrigated Corn, flat rate per acre 41. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 10 per acre with the tool bar. 20. & 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. 8% increase from June 2023. 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. Apr 22, 2021 · Average 2021 farm custom rates for some typical tillage, planting and harvesting practices, as well as custom farming rates, are listed in the table below. 20 18. 8% and 0. Since 2019, when rental rates reached a low of $249 per acre, rents have increased by $64 per acre, or 25%. Therefore, costs per acre decline as acres of use increase for a given implement size. 50 to $13 per acre. 6. 44 No. The total machinery cost per acre ($9. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 50 for over 10gpa and did minimum $300 charge for jobs under 45 acres. These The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. Purdue’s survey found that top-quality Indiana farmland rented for an average of $313 per acre in 2024, up 2. 33 per bushel), which is similar to the 2023 cash rent per acre. 4 million acres since early 2021 -- with an average national rental rate of $57. , and labor for the Farm Resource Guide. Sep 7, 2023 · The Ohio State Extension 2022 corn silage budget calculator values corn silage variable costs at $570/acre and fixed land costs at $390/acre for a total per acre cost of $960/acre to grow and Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. 10 Northeast Top $291 −0. Rents at 2020 levels still Indiana Farmland Prices Continue to Rise August 2023 “While farmland prices reached a new peak in 2023, the appreciation rate from 2022 to 2023 was much lower than the record high price growth observed between 2021 and 2022,” said Todd H. , and labor for the Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. 83 17. 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 Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. Any new customers I'm doing $7. 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. 00 6. Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. 75 per bushel for corn and $12. 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 example, if you paid $30 per acre last year, expect to pay over $38 per acre this year. 80 $14. Fuel $30 No Till Corn $35/ acre - Inc. 1 percent) from the previous year. At Merrell Bros. Average- and poor-quality farm ground also hit new highs: the average price for average-quality ground is $11,630 per Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 00 12. As a benchmark, reducing cash rents back to 2020 levels would help, particularly for cash rents that are at or above NASS averages. 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. Communication. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. The state average for harvesting irrigated corn increased 14. Fuel was around $1. Additionally, input costs and interest rates could change at any time. The information below is based on 130 responses and 2,805 Jul 10, 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. 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. They’ll be going up a lot in 2025 too. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Information for Setting 2023 Cash Rents: Results from the Illinois Society suggest rising cash rents in 2023, though at lower rates than occurred in 2022. Clover/Alfalfa Acre 22. For each type of work, the average rate from the 2024. 69 W. “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 Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. expected to be $39 per acre ($0. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Average farmland was up 5. This represents an increase of $0 over this time period with an average implied capitalization rate of 0%. 90 $12. This is up a tick from 2023, which had an average rate of $7. 5 31 2016 ALABAMA ELMORE 18. 50 per bushel for soybeans at many locations in the Upper Midwest. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. 25. 23 for each bushel The quality of data is dependent on the cooperation received by producers and commercial custom operators. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. 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. 39 per acre, respectively. As a reminder, the values and information Mar 28, 2023 · Average 2023 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. Average farmland rental rates by county with current projections. The land rental data shown in the data tables is extracted from , a database of farm recordFINBIN summaries of over 2,000 Minnesota farms. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. he rates reported in this guide summarize . 8% from June 2023. Custom rates reports. These variations are included in the complete tables online. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and survey of agricultural producers. At the state level, average value in 2024 ranged from $700 per acre in New Mexico to $22,000 in Rhode Island. 50 Production Operations: 2024 Custom Rates This is a budget tool, not a pricing tool. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. Charged $21 an acre. 1% from last year’s cash rental rate. Sep 1, 2021 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 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. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. highest increase in pasture value per acre at 10. Publication Date: March 31st, 2022. There are both higher and lower rents than listed here and is subject to local demand and supply. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. 40 $12. Postal Service and 633 people via email in February 2025. Gain an in-depth understanding of trends, market dynamics, and future Sep 10, 2024 · Average- and poor-quality farmland also saw gains, with prices increasing 3. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. To obtain your own copy of the 2024 Purdue Farmland Value Survey Results, contact your local Extension Office or click here. Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates ; National 2023/2024 ARC-County Payment Rates ; Kansas 2022/2023 ARC-CO Payment Rates ; National 2022/2023 ARC-CO Payment Rates Mar 29, 2022 · One of the best resources for average custom rates is the annual Iowa Farm Custom Rate Survey that is coordinated and analyzed by Iowa State University. Top-quality Indiana farmland values were 4. 7% and 4. Check the column for average rates from the same Purdue custom rates survey for 2017. 12 9. The Ontario average custom rates are allocated across the six machinery-related expenses. 38$ 18. The Oct 21, 2024 · General enrollment only accounts for 7. Many Iowa farmers hire some custom machine work in their farm business or perform custom work for others. "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. Appendix Table 1 lists acres used to calculate total costs per acre. For spraying, while the average is $8. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. 21 per bushel) higher than costs in 2021. Respondents answered questions that corresponded to the expected carrying capacity. 12/23/24 United States Hog Inventory Up 1% 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 27, 2022 · $45-$55/ acre Combining Small Grains $45-$50/ acre Combining Soybeans $45-$50/ acre Tillage and Planting Miscellaneous 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. Adjusting custom rates Mar 20, 2023 · Most custom rates saw an increase of 10-15%. Regional Cash Rents Area Land Class Cash Rent % Change North Top $289 3. Data Source . 4% to $11,630 and $9,071 per acre, respectively. 25 $11. matter how many acres are covered. Liquid application ranged from $7. These rates have increased since last Jun 5, 2020 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 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. Understand that custom rates are often negotiable. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7. , 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. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. 70 per bale, with large round bales coming in at $13. 4% and 10. Table 1 shows historical prices for select operations. 75 $11. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. 28 Dec 27, 2023 · Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. 15$ 15. 00 $4. 01/10/25 Corn production down, soybean production up in 2024. S. “Generally, 2024 custom rates are down slightly from 2023,” she notes. 50/A. The rate for straight combining of small grains averaged $36. The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,080 per acre for 2023, up $280 per acre (7. , and labor for the cropland value from the survey is $6,119 per acre, an increase of 12. 02/24/25 USDA extends response deadline for 2024 Census of Horticultural Specialties. 56 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 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. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . , and labor for the . The average flat rate in 2024 for harvesting wheat was $31. 20 20. 4 percent) from 2022. 50 Jan 24, 2025 · Property taxes on farmland went up a lot in 2023 and 2024. Corn: $150. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. 40 $11. Indiana per acre cash rent for top quality land increased by 2. farm real estate value – the value of all land and buildings on farms – averaged $4,170 per acre in 2024, an increase of $200 per acre from 2023. Price growth was robust, but muted extra per bushel of wheat for yields greater than 27 bushels per acre. 01/31/25 United States cattle inventory down 1%. 90 $11. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 9% to $47. 28$ 21. View online plat & GIS maps - agricultural land value estimators, property lines, soil survey mapping, cropland cover & ownership data. 50 for under 10 gpa, $7 for 10gpa and $7. Planting with coulters, without band applicator, rate per acre 20. Change in rate. 13 7% Ridge planting, without band applicator, rate per acre 21. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 5 38. 70 Poor $185 3. 04 Rate per Acre Minimum 8. 53$ services. Mar 27, 2024 · According to Katrina Hall, senior director of policy strategy and advocacy for Indiana Farm Bureau, farmland taxes rose 17% in 2023, but will be up 27% in 2024. 10 per acre. 00 per cow unit per month, depending upon pasture quality. The first Revised April 2024 Historical Iowa Farm Custom Rate Survey Averages Tillage 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Chopping cornstalks / acre $13. 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. On average, acreage decreases of 50 2024 Nebraska Farm Custom Rates Report May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. This annual survey offers per-acre farmland price information compiled from market professionals at the state level and within six multi-county regions. Harvesting and hauling Section - 4 Oklahoma Agricultural Statistics (2024) Crop Production Summary – Oklahoma: 2023 Crop Planted Harvested Yield per Acre Unit Production Price per Unit acres acres units units dollars Winter Wheat Oats Rye Canola Corn for Grain 1 Corn for Silage Sorghum for Grain 1 Sorghum for Silage Soybeans Peanuts Cotton All Hay Alfalfa Hay Jul 30, 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. 50 23. 2017 Indiana Farm Custom Rates. If there are more than 30 responses, Langemeier calculates the variation in range of answers. , and labor for the Pasture grazing rents have ranged from $15. Aug 29, 2017 · The total machinery cost per acre ($9. 45 $17. Central Top $327 −0. 50 25. 84 per acre for 2024, a 15. 49 per acre, up 11 percent from the previous report. 00 per acre (Range in their farm business or perform custom work for others. 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. All rates, it is prudent to compare your farm machinery costs per acre to custom rates. The average rate for baling medium large round bales is $12. 00 per acre; up $7 from 2023. 98 per acre in 2022. Flexible rental agreements and how they work. 81 per bale. 80 18. Combining corn shows an average of $41. 90 per acre Revised April 2024 Historical Iowa Farm Custom Rate Survey Averages Tillage 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Chopping cornstalks / acre $13. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. Jun 8, 2019 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 35 million acres averaging $149. Aug 7, 2023 · The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022’s rates. Jan 14, 2025 · As an example, vertical tillage averaged $15. Purdue Extension educators and specialists developed the questionnaire. Custom planting ranges from $12. 00 $14. 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. 7% to $11,210 and $8,689 per acre, respectively. Cash rental rates are expected to hold . Postal Service and 407 people via email in mid-February 2024. 25 per acre in 2020. Aug 8, 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. be $253 per acre ($1. with grain cart & truck) Small grain combine: $39. The growth rate of Indiana farmland prices is expected to moderate in 2024. 45 19. County Estimates August 28, 2024 Indiana Cash Rent County Estimates 2024 County and District Non-Irrigated Irrigated Pasture Dollars per Acre Dollars per Acre Dollars per Acre 10 NORTHWEST ENTON JASPER LAKE LA PORTE NEWTON PORTER PULASKI STARKE WHITE 20 NORTH CENTRAL ARROLL ASS ELKHART FULTON KOSIUSKO MARSHALL MIAMI ST. • 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. 60 per acre (Range USDA National Agricultural Statistics Service Information. Updated April 14, 2023; Farmland Leasing. 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 o In 2024, the value of all land and buildings on farms in Wisconsin averaged $6,120 per acre. 00 $6. Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. 73 11 $20. This guide includes useful forms and farm business management information including: Custom rates: What to charge for planting, etc. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. 1% compared to $5,458 in 2023. Farmland Values. The rate for chopping corn silage was $116. 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. Soybean seed prices include Round-Up Ready® varieties. 50 19. 40 18. Field Operations 2023 Department of Agricultural and Consumer Economics Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. 7. View maps featuring agricultural data, sold land, and land for sale. While the farmland market has been robust in recent years Find local businesses, view maps and get driving directions in Google Maps. 8% higher in 2024. Discover farmland values, soil productivity, crop mix, and parcel ownership. 28 per bale. 4. 29 to $36. Jan 16, 2024 · Farmland Values. It . 00 per acre with draper head) ($63. The average price of top-quality farmland reached $14,392 per acre, a 4. *Southwest Indiana is comprised of Clay, Daviess, Dubois, Gibson, Greene, Knox, Martin, Owen, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties. Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 3% from 2023 (Figure 1). The property tax is a tax on the value of property, and the value of Jul 3, 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. 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 Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. usda. $130 per acre (range = $75 - $250 custom rates. "Complete Based on the table, the average rate for planting no-till corn is $21. 11$ 20. 25 per acre applied. 7 million acres -- down 5. Jun 9, 2021 · Based on the 2021 numbers, you can expect to pay a hair more for harvesting corn than soybeans, averaging $30. 5 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. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. 71 21. 95 per acre, an increase of $3. The 2024 Crop Budget Study was completed using a combination of surveys from custom hire businesses, seed cleaners, farm suppliers, crop advisors and growers. 18 $8. 00-$12. 00 - $90. 85 $11. 74 23. 19 per acre. Experience is the best guide to help budget machinery costs. 41 22. Mar 25, 2024 · Average 2024 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. 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 extra per bushel of wheat for yields greater than 27 bushels per acre. 65 18. Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well 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. These 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. 8%, to $11,210 per acre, and poor-quality farmland was up only 0. 39$ 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. 5% increase. 99 per acre, or about $22 per acre. 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. Rotation Corn in Indiana. 26 and $29. 2024 Farmland and Cash Rent Outlook. 68 per bushel at 200 bushels per acre. Farm Real Estate Value U. 6%. 90 Moldboard plowing / acre 18. Latest Email; 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. 63 47. 20 an acre. 31 per bushel at 180 bushels per acre and to $5. This publication is only a guide. 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. Download 2024 Custom Rates Report per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. The reason that’s been rising is the pandemic. 75 million acres Planting with coulters, without band applicator, rate per acre 20. steady or increase in 2023. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. Mar 23, 2023 · Custom planting ranges from $12. , Inc. COMMUNICATION. Cash rent per acre in 2024 is expected to . The client pays a rate per acre for each farming operation requested to be completed. In Georgia, cash rent for cropland (irrigated and non-irrigated) increased by $10 to $126 per acre compared to 2018 averages. Fuel May 31, 2023 · So I ended up setting my rates for current customers at $6. 50 per acre base price plus $150/hour travel time. is recommended that you use your records to derive your costs. 7% to $204. 23 per acre last year, up from $81. Assumptions for the computed harvest include 1. Acres intended for corn in Indiana are 5. nass. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 30 per acre and combining soybeans averages $39. 67 to $35. 66 Average $239 −0. 7%, respectively. calculated by inflating the 2020 custom rates using two different inflation indexes. April 16, Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing Aug 9, 2024 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Variable Cost, Overhead Cost, and Gross Revenue per Acre . 00 - 7. Indiana producers intended to plant 5. 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. 75 / acre. 00 20. 7%, at $8,689 per acre. 00 per acre ($32 - $45 per acre) Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. Custom Rates 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. Average Fertilizer Rates. Tax bills on farmland increased 11 percent in 2023, 27 percent in 2024, and will probably increase about 20 percent in 2025. 01 per acre, the range is from May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. Which I think is pretty reasonable. These 2024. The Cost Study is from the perspective of a commercial custom farm operation. The rates average Indiana land sale and rent rates. 2024 Resource Packet; 2023. 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. 50-$4. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to Mar 12, 2025 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it Vol. 67 20. 11 per acre for soybeans. Compare your costs for baling small squares vs. This was unchanged from last year’s level. , and labor for the 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. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 Find local businesses, view maps and get driving directions in Google Maps. ). 77 12% Ridge planting, with band applicator, rate per acre 23. 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. The rate for conventional corn is $19. Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. As for fertilizer rates, dry bulk fertilizer averaged $7. uhwujfq yvkj khjsm uukmap zrbm pmdzrlnw wdjm vbsora oqnjhu pvq nbsw oih idj bjubpxa ynoe