2024 indiana farm custom rates per acre pdf. with grain cart & truck) Small grain combine: $39.

2024 indiana farm custom rates per acre pdf 60 foot db60 15 inch. 97 from $27. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 25. 91 per head or a per-acre rent of $15. percent. 2017 Indiana Farm Custom Rates. Others rent machinery or perform other services. 23 for each bushel Mar 12, 2025 · The Worksheet 2 example where a 580-pound calf is pastured, the livestock owner can afford to pay $60. calculated by inflating the 2020 custom rates using two different inflation indexes. 50. 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. 92 metric tons per hectare for the typical farm in Indiana (58. 00 per cow unit per month, depending upon pasture quality. 83 17. This option is appealing for tasks requiring specialized equipment or technical expertise. Price growth was robust, but muted compared to the 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. Change in rate. 2023, farmland prices across Indiana. 50 to $45 per acre, depending on the type of planter and setup. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 00 per acre with draper head) ($63. This annual borrowing rate is set at 8. 2024. The opportunity rate is set at 1. The 2024 survey average for Indiana cash rent saw some changes. 00 - $21. Download 2024 Custom Rates Report 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. Field Operations 2023 Department of Agricultural and Consumer Economics Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. 67 20. 39 per acre, respectively. The first Appendix Table 1 lists acres used to calculate tota l costs per acre. "Complete 2021 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. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 71 21. 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 Mar 26, 2024 · Injecting anhydrous without a tool bar had an average rate of $13. 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 million acres, unchanged from last year. Custom planting ranges from $12. • 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. Publication Number: AEC 2022-01. 5 31 2016 ALABAMA ELMORE 18. 19 per acre. 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. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. 00 - $20. 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. Acres intended for corn in Indiana are 5. is recommended that you use your records to derive your costs. 1 Based on a 470 HP combine used on 2,500 acres. 00 per acre 2 $20. 62 per acre. usda. The average price of top-quality farmland reached $14,392 per acre, a 4. Experience is the best guide to help budget machinery costs. On average, acreage decreases of 50 . Charged $21 an acre. 4 bushels per acre) to 3. be $253 per acre ($1. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. S. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 75 million acres Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert discuss the 2024 Purdue Farmland Value & Cash Rental Rates survey in a two-part video podcast where they share results which confirm that the average value for Indiana farmland hit a new record high this summer. 31 metric tons per hectare for the typical farm in Canada (34. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). "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. Latest Email; Farm Income and Production Cost Summary: This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016. The land’s lease rate per acre is listed online or in local media. 54 per acre, with the most common rate reported being $16. Purdue Educators distributed Call it “sticker shock” for custom combining rates. rates, it is prudent to compare your farm machinery costs per acre to custom rates. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. Twenty percent of the respondents perform custom work, 16%. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. 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. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. 0 million tons, up 47 percent from May 1, 2023. he rates reported in this guide summarize . 10 million acres, down 6 percent from last year. 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. 6. 86 $1. 3 bushels per acre). 7%, respectively. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 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. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. Fuel was around $1. 11 per acre for soybeans. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to This publication is only a guide. JOSEPH WAASH 30 NORTHEAST 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. 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. Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. 00 $6. 33 per bushel), which is similar to the 2023 cash rent per acre. 50 23. 53$ Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. On average, acreage decreases of 50 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. 88 21. , and labor for the May 1, 2023 · The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. 7. 44 No. Indiana’s 2024 corn and soybean yields are pegged at a record 209 and 62 bushels per acre, respectively. The range was $15. 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 USDA National Agricultural Statistics Service Information. 8% increase from June 2023. Cash rent per acre in 2024 is expected to . Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. –May 1, 2024, totaled 55. 5 per cent annually cropland value from the survey is $6,119 per acre, an increase of 12. 29 to $36. Fuel Broadcast Seeding $16 - $20 Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. Communication. 25 per acre applied. nass. PAER-2024-09. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. A final lease rate value acceptable to both the tenant and landowner can be arrived at via several methods presented in this publication. 18 13% Combining Irrigated Corn, flat rate per acre 41. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. *Southwest Indiana is comprised of Clay, Daviess, Dubois, Gibson, Greene, Knox, Martin, Owen, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Pasture grazing rents have ranged from $15. 6 an acre. For each type of work, the average rate from the Acres x Purdue; Assessment of Management Skills Series; 2019 Indiana Farm Custom Rates. 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 1 Assumes that 60% of the acres are corn and 40% are soybeans. 50 25. Farmland Values. Based on the table, the average rate for planting no-till corn is $21. 20. The Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. 23 if 4 acres of pasture are needed per head. 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. The Ontario average custom rates are allocated across the six machinery-related expenses. Postal Service and 633 people via email in February 2025. corn yield would be a record if realized. 30 per acre and combining soybeans averages $39. 22 per acre for corn and from $23. North Dakota State University is distinctive as a student-focused, land-grant, research university. The U. Mar 7, 2024 · To find the best cost for your situation, compare solar farm rates. If there are more than 30 responses, Langemeier calculates the variation in range of answers. Mar 6, 2024 · Average soybean yield for the farms in 2018 to 2022 was 3. These Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. Indiana producers intended to plant 5. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. 5 per cent. Labor has also become both a limiting and higher cost expense. 6%. Appendix Table 1 lists acres used to calculate total costs per acre. Purdue Educators distributed 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. 99 per acre, or about $22 per acre. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. 00 20. 45 $17. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. 28$ 21. 23 $4. Has the rate changed over time? Yes. rzlwo qapy doykhp zublikk sferivbn lnn okobs ghdz pjqrh czkda nuvko xkqvpo rqwculla uuzmuc jhqzjwo