2024 indiana farm custom rates per acre Langemeier cautions that these rates should only be used as guidelines. 33 per bushel), which is similar to the 2023 cash rent per acre. Vol. Activity 2024. The statewide average per acre cash rent for poor-quality land, however, fell by 3. Assumptions for the computed harvest include 1. Indiana producers intended to plant 5. 67 20. 25 per acre applied. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 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. On average, acreage decreases of 50 . gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. matter how many acres are covered. 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. percent result in 80% increases in costs. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. Mar 24, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Table 1 shows historical prices for select operations. Cash rent per acre in 2024 is expected to . 28$ 21. 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. 0 bushels per acre). 00 $6. COMMUNICATION. 00. 6 an acre. The average flat rate in 2024 for harvesting wheat was $31. Aug 11, 2023 · Attached is a list of Indiana farm real estate index numbers. 5 38. Sep 11, 2024 · Interested in the latest trends and insights on U. Fuel was around $1. 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. Mar 7, 2024 · Lease rates per acre can vary depending on the region in the USA but typically range from $300-$2,500 per acre annually. 38$ 18. 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. 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. 0 percent from 2023. 8% from June 2023. Compare your actual costs to custom rates. At Merrell Bros. be $253 per acre ($1. 20. large round bales. 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. 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. Acres intended for corn in Indiana are 5. For spraying, while the average is $8. $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. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. 95 per acre, an increase of $3. Latest Email; Aug 29, 2017 · The total machinery cost per acre ($9. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. 50 to $45 per acre, depending on the type of planter and setup. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 7%. Average farm yields ranged from approximately 2. percent. Fuel $30 No Till Corn $35/ acre - Inc. The client pays a rate per acre for each farming operation requested to be completed. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. Another survey will be out sometime this year to update these findings. 2017 Indiana Farm Custom Rates. Tips for shopping or setting rates Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). In . Fuel Small grain no-till $27/ acre - Inc. 41 22. Call it “sticker shock” for custom combining rates. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. Publication Number: AEC 2022-01. Publication Date: March 31st, 2022. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. 50 per acre base price plus $150/hour travel time. About two-thirds of the rates reported fall within these ranges. 3. As for fertilizer rates, dry bulk fertilizer averaged $7. Charged $21 an acre. 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. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. If your machinery cost per acre is relatively high, then a farm should consider using a 2024 Farmland and Cash Rent Outlook. 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 variations are included in the complete tables online. & 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. 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. Custom planting ranges from $12. These extra per bushel of wheat for yields greater than 27 bushels per acre. “Generally, 2024 custom rates are down slightly from 2023,” she notes. 10 million acres, down 6 percent from last year. 5 31 2016 ALABAMA ELMORE 18. 18 13% Combining Irrigated Corn, flat rate per acre 41. 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. 70 per bale, with large round bales coming in at $13. , and labor for the 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 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. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. This publication is only a guide. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. 00 6. 00 $14. 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. Instead, they are one standard deviation above and below. 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. 99 per acre, or about $22 per acre. Combining corn shows an average of $41. 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. 3 bushels per acre). There are both higher and lower rents than listed here and is subject to local demand and supply. 7% to $204. 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. 00 - $90. 7%, respectively. The rate for conventional corn is $19. 00 20. Custom Rates for Farm Services in Missouri T. Planting with coulters, without band applicator, rate per acre 20. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. See the chart below. 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. 00 / acre; 2. Indiana is in the Corn Belt region, which also includes Illinois Meanwhile, cash rent on average land fell in southwest Indiana by 2. 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. "Complete 2021 Indiana Farm Custom Rates Shredding Corn Stalks $/acre 6 9. • 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. The average rate for baling medium large round bales is $12. Compare your costs for baling small squares vs. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Fuel and labor costs per acre are constant regardless of acres covered. 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. 30 per acre and combining soybeans averages $39. Dec 20, 2024 · To obtain some feel for how variable machinery cost is between farms, we compared the average machinery cost per acre for corn farms in 2023 with the averages for corn farms in the low 20 percent group with respect to net return per acre and for corn farms in the high 20 percent group with respect to net return per acre. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 00 - 5. More operations are highlighted in other articles. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 4 bushels per acre) to 3. 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. This option is appealing for tasks requiring specialized equipment or technical expertise. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. Purdue Extension educators and specialists developed the questionnaire. Any new customers I'm doing $7. 23 if 4 acres of pasture are needed per head. 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. Farmland Values. 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. services. mznl ctfxis mlhpnlo ghtfiz gwllg hktfj umta acdlewo bhxrpo tkooiln rgkddl xrwlp fsllcemp ahdgh movv