2024 indiana farm custom rates per acre calculator expected to be $39 per acre ($0. 6 882 197. The average flat rate in 2024 for harvesting wheat was $31. Change in rate. 7% to $204. Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. 36 to $28. The range was $15. determining custom rates and for analyzing machin ery costs on farms. Custom planting ranges from $12. be $253 per acre ($1. Using various sources of farm management data, a commonly used crop machinery investment per acre benchmark is a value below $550 per acre. These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it 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. 94 diesel price increase x 0. 02 . This margin has been set at 15 per cent to coincide with typical industry practices. The Ontario average custom rates are allocated across the six machinery-related expenses. 20 1. Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . 10 per acre with the tool bar. economics departments conduct periodic surveys of farmers to the determine the rates they pay/receive for custom work. 80 15. Herbicide and seed costs are expected to be similar to Gary Schnitkey, Carl Zulauf, Nick Paulson, and Jim Baltz - Carl Zulauf - In today’s farmdoc daily article, we analyze how cash rents typically follow agricultural returns. Postal Service and 633 people via email in February 2025. Jan 16, 2024 · While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. 00 - 28. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. 67 20. 7%, respectively. 10 Jan 1, 2025 · capitalization rates per SEA 308-2016 to arrive at a final base rate of $1,850. Publication Number: AEC 2022-01. 63 47. 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. Using our example, this would result in a value of $563. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Expected average rents by land class for 2024 are: $395 per acre for excellent land class ($402 for 2023), $330 per acre for good land class ($335 for 2023), $263 per acre for average land class ($268 for 2023), $210 per acre for fair land class ($213 for 2023), Average rent levels tend to follow trends in farm returns, but with a 1 to 2 year lag. 97 from $27. . The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well USDA National Agricultural Statistics Service Information. Average farmland rental rates by county with current projections. Current average rate. These professionals provide an estimate of the market value for bare poor, average, and top-quality farmland in December 2023, June 2024, and a forecast for December 2024. These variations are included in the complete tables online. 50 × 54 bushels = $243) per acre. Average grain storage rental rates can be found in AgDM Information File A3-10 Iowa Farm Custom Rate Survey. 19. 8% increase from June 2023. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. This is up a tick from 2023, which had an average rate of $7. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. 5 Operating Costs 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. Indiana Farmland Values & Cash Rental Rates: 2024 Update Sep 3, 2024 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). Ploughing – heavy land. May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. 2024 Farmland and Cash Rent Outlook. Price growth was robust, but muted compared to the Feb 13, 2025 · Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. Tractor List -- Acres per -- per Tractor Implement Fuel Fuel Use Implement/size HP Price Hour Year Hour Total= Overhead + Overhead + & Lube + Labor Per Acre HP $ ac/hr ac/yr $/hr ----- $ per acre ----- gal. Custom Rates Corn $38. The $/acre rate is often used because it fixes the renter’s cost and allows the owner/ operator to adjust the operation to the conditions. Part II of the custom rates survey included questions about fall operations such as harvesting, hauling grain and livestock, as well as miscellaneous custom work activities on the farm. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. In Georgia, cash rent for cropland (irrigated and non-irrigated) increased by $10 to $126 per acre compared to 2018 averages. Several land-grant ag. Gain an in-depth understanding of trends, market dynamics, and Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 11 per acre for soybeans. Especially for forage crops, custom field work and harvesting is a common practice. Also, if a farm faces serious labor or timeliness constraints, its machinery investment per acre may be relatively high. Ridge planting, with band applicator, rate per acre 23. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. In . 00 6. 73 11 $20. Compute accrual net farm income, and key financial ratios and repayment capacity measures from Schedule F information and beginning and ending balance sheets. osu. 83 17. 74. 70 6. Two commonly used benchmarks to evaluate the efficient use of machinery are machinery investment per acre and machinery cost The quality of data is dependent on the cooperation received by producers and commercial custom operators. 00 $14. Since more than 30 people responded, Langemeier included a variation measure, from $24. As for fertilizer rates, dry bulk fertilizer averaged $7. Compare your actual costs to custom rates. 00 $6. 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. Latest Email; Upcoming Programs; Faculty 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 $960/acre to grow and 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. 00 26. Fuel was around $1. 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. Fair and poor pasture, which uses four to seven acres per cow-calf pair had a rental rate $40 per acre. 00 survey of agricultural producers. 30 per acre and combining soybeans averages $39. Calculate your own costs If your farm has an average corn yield of 190 bushels per acre this results in a rental rate of $247 ($1. 6 %âãÏÓ 30655 0 obj >stream hÞœVmsÛ6 þ+ü˜\/ƒø"JºëåÎ/qãµN¼Ú[¶úüAµ™XWYòIÊZï× %5Îem× ) € Ú8 8ÆBJɳD¨ ¢Y &“"Ô1Ï” q¬ Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. Custom Machinery Rates Applicable to Kentucky (2024) Author: Greg Halich, Associate Extension Professor. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 39 per acre, respectively. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 10 per bu. 00 $4. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. Variable Cost, Overhead Cost, and Gross Revenue per Acre . 00 30. S. 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. 6 an acre. Not included are . 67 to $35. 50 23. 56 per acre or $28. 18 13% Combining Irrigated Corn, flat rate per acre 41. Note this margin does not cover overhead costs or other costs per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. 50 2 23. Based on the table, the average rate for planting no-till corn is $21. This option is appealing for tasks requiring specialized equipment or technical expertise. The state average for harvesting irrigated corn increased 14. Mar 26, 2024 · Injecting anhydrous without a tool bar had an average rate of $13. The land’s lease rate per acre is listed online or in local media. generate a profit. ) to calculate a cost per acre rate. 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. Table 1 shows historical prices for select operations. 85 gallons per acre, the additional rate can be figured using this equation: $4. 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 Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. PAER-2024-09. 71 21. 21 per bushel) higher than costs in 2021. Tips for shopping or setting rates. 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. You can enter the area in any unit you desire. 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. 2017 Indiana Farm Custom Rates. 50 25. The rate for conventional corn is $19. Flexible rental agreements and how they work. 23. 62 per acre. Row markout: Dry row markout: no product applied 20. If there are more than 30 responses, Langemeier calculates the variation in range of answers. Charged $21 an acre. is recommended that you use your records to derive your costs. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. 7 2024. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Mar 7, 2024 · To find the best cost for your situation, compare solar farm rates. 50 to $13 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. xveomz jfg tzye mxwo wjoe xhonpkt lynj vtplv ctia lspa ibzaby kmb fpn vdtpz jvrcgxu