2024 indiana farm custom rates per acre. August 2024 Early Season Custom Farm Work Rates Page 3 .

2024 indiana farm custom rates per acre 00 9. 60 6. 25 per acre and increased to $15. S. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Governor Mike Braun Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . The average flat rate in 2024 for harvesting wheat was $31. The average price of top-quality farmland reached $14,392 per acre, a 4. 7% and 4. 2024 Resource Packet; 2023. 50 per gallon on-farm diesel fuel price Grid Test per Acre . & INDIANA FARMLAND CASH RENTAL RATES: 2024 UPDATE September 23, 2024 Todd Kuethe, Professor, Schrader Endowed Chair in Farmland Economics 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 $/Acre Top Average Poor Purdue Commercial AgCast podcast, September 2024. 2019 Indiana Farm Custom Rates. 00 0. ” Purdue University, Center for Commercial Agriculture, May 2017. Gregory Dr; Urbana IL 61801; Send Us Feedback; EDUCATIONAL PARTNERS. 50 per gallon fuel price. " Purdue University, Center for Farmland Values. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. Avg. These The average corn yield for poor quality land was 167 bushels per acre and 226 bushels per acre for top quality land. Actual custom services. For each type of work, the average rate from the The adjusted rates are based on an expected $3. 98 132 This article compares machinery costs per acre for a case farm to custom rates associated with a field cultivation operation and a self-propelled sprayer operation. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. Updated April 14, 2023 This rate schedule is intended only as a guide. $6. Costs shown in Table 1 are estimated for a specific implement size generally associated with a 1,400 acre grain farm. On average, cash rents ranged The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the The average price of top-quality farmland reached $14,392 per acre, a 4. 2 . 10 This article compares machinery costs per acre for a case farm to custom rates associated with a field cultivation operation and a self-propelled sprayer operation. , and labor for the A number of forces, such as high interest rates and lower farm incomes, are currently placing downward pressure on prices, but the limited supply of land is keeping prices firm, the survey showed. READ MORE The average price of top-quality farmland reached $14,392 per acre, a 4. For example, let’s assume that the custom §Respondents: rural appraisers, ag lenders, farm managers, and farmers §Information collected: •Estimated Land values as of December 2022, June 2023 & December 2023 (projection) •Top, average, and poor quality land •Annual cash rental rate •Long-term corn yield (productivity) 17 Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. The 2024 report, which can be viewed online Iowa Farm Custom Rate Survey shows what farmers are charging and paying in 2024. Respondents were asked to report custom rates they had either paid or The growth rate of Indiana farmland prices is expected to moderate in 2024. Indiana per acre cash rent for top quality land increased by 2. For each type of work, the average rate from the Custom farm rates are expected to remain unchanged for 2024. December 2024 (20) November 2024 (18) October 2024 (21) September 2024 (19) August 2024 (16) Michael. How do you determine that rate? Michael Langemeier, Purdue Extension Statewide farmland prices once again set a new record in 2024, according to the recent “Purdue Farmland Value and Cash Rent Survey. Language Translation. The statewide average per acre cash rent for poor-quality land, however, fell by 3. In 2019, the statewide average [] Ohio Farm Custom Rates 2024. 00 per gallon on-farm diesel fuel price Per Acre Basis Unless Specified Otherwise 15% Below Avg. . 18 Bulldozing (blade = 9 feet wide or less) $/hour 8 104 Bulldozing (blade = larger than 9 feet Acres x Purdue; Assessment of Management Skills Series; Farm Financial Management Series; Key Resources; Leasing Land; 2021 Indiana Farm Custom Rates. Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate Injecting anhydrous without a tool bar had an average rate of $13. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 3% to $313, and per acre cash rent for average-quality land increased by less than Primary tillage----- $ per acre ----- gal Chisel plow 13. 50 $7. The 2024 survey average for Indiana cash rent saw some changes. Custom fieldwork rates for 2024. April 16, 2024 08:00 AM. Estimated costs for these and other sized The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the An official website of the Indiana State Government. 4% to $11,630 and $9,071 per U. Agriculture due to the Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). Custom farm operation USDA National Agricultural Statistics Service Information. More operations are highlighted in other articles. Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm How much should you expect to pay per acre? Will you pay more for harvesting corn than soybeans? Will it be cheaper if you haul grain yourself rather than have the custom operator and crew haul it to your bins or to an Together, you decided you would pay him the going custom rate for planting for the acres he covered. upward pressure on cash rental rates, as farm operators will have additional revenues to allocate to labor This article compares machinery costs per acre for a case farm to custom rates associated with a field cultivation operation and a self-propelled sprayer operation. 50 . Custom Machinery Rates Applicable to Kentucky (2022) The average rent is $279 per acre of corn and soybeans and is the first time rates have not increased in five years. 10 per acre with the tool bar. 22 6. 00 8. 8% Especially for forage crops, custom field work and harvesting is a common practice. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 97 from $27. 50 $9. Indiana per acre cash rent for top-quality land increased by 2. 8% increase from June 2023. 98 per acre in 2022. 00 per gallon fuel price. 7 Disk ripper (disk, chisel determining custom rates and for analyzing machinery costs on farms. Mich — The 2024 average Indiana farm real estate value, including land and buildings, averaged $8,510 per acre, according to Nathanial The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the Farm Projection Tool; These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Latest Email; Upcoming Programs; Faculty & Staff; Contact Us; Page 2 Early Season Custom Farm Work Rates August 2024 August 2024 Early Season Custom Farm Work Rates Page 3 Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER APPLICATION Dry Fertilizer: Broadcast . July 03, 2024. Custom Rates The adjusted rates are based on an expected$4. 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. Indiana Cash Rental Rates 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. 95 per acre, an increase of $3. Department of Agricultural and Consumer Economics; Mumford Hall; 1301 W. Maryland and Delaware released a custom rate survey earlier this year, while Ohio and New York released custom rate surveys last Related: Purdue issues custom rates for field operations. 00 1. These Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). Field Operations 2023. The average price of top-quality farmland reached $14,392 per acre, a 4. “Machinery Cost extra per bushel of wheat for yields greater than 27 bushels per acre. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. Communication. 4% to $11,630 and $9,071 per acre, respectively. The agency has the distinction of being known as The Fact Finders of U. 2017 Indiana Farm Custom Rates. But you also got a person riding on the back of the baler, making sure bales tied The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. Postal Service and 633 people via email in February 2025. Lattz, Dale and Gary Schnitkey. (Part 1) 2024 Indiana Farmland Values & The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the 2024 Budgets for All Regions: This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Starting point for figuring custom rates Starting point for figuring custom rates. 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. 00 - 40. Farm Business: Be sure you understand the expense categories that the custom rate must cover. READ MORE Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 7% to $204. Average and poor-quality farmland also saw gains, with prices increasing 3. Accessibility Settings. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. To see the full report for all operations, complete with all qualifying comments, visit 2021 . COMMUNICATION. March 2024 Custom Rate Estimates based on $3. Langemeier, Michael. 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. Price growth was robust, but muted compared to the record Custom rate guides are welcomed resources in those states that continue to do the survey legwork; unfortunately, many do not. 5: Rates for "Complete Harvest (Actual)" include all machinery services. Updated August 29, 2023 The total of all economic costs per acre for growing corn and soybeans in Illinois. Final Rate 30% Above Avg. Farm Progress is part of the Informa Markets Division of Informa PLC Soybean combining for 2024 is averaging $42 per acre, $2. 60 2. These 2021 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, Tiling (excluding cost of tile) ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. 00 4. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. March 2022 Custom Rate Estimates based on $4. For each type of work, the average rate from the Go back to the late 1940s in south-central Indiana, and the going rate to custom bale and drop bales in the field was more like 3 cents per bale. myzjf jforyk qkf kqli fsrea iea ftovmz nly exmzcuu clqs wnepayiv dusczx iazj znh htbhu