Custom farming rates 2024 per acre The report contains state and regional level custom work rates for harvesting, drying and hauling crops, seed preparation, hauling hay and livestock, and other custom work for fall operations. Tips for shopping or setting rates Custom Rates for Farm Services in Missouri T. Soybean seed prices include Round-Up Ready® varieties. News 27 March 2024 Feb 4, 2025 · To use the spreadsheet, producers should provide their own costs for the different expense items listed. The 2020 Custom Rate Guide, release in April 2021 replaces the 2017 version. 10 per acre Soybean $8. This guide includes useful forms and farm business management information including: Custom rates: What to charge for planting, etc. Row markout: Dry row markout: no product applied 20. 40 $12. 35 per acre for broadcast, with a self-propelled sprayer on a tall crop. Here is just a sampling of Michigan’s custom rates, total cost per hour of use. The MSU Custom Work Rates report offers a base to determine a fair exchange value for both the provider and recipient of custom work. 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. 50 19. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. 00 6. Ohio State Extension recommends growers calculate their own costs before determining the custom rate to charge or pay. The average rates increased, and the reported Using Increase in Iowa Custom Rate: Cost Per Acre $/acre $/acre $/acre % Change: Mowing: $14. Ohio will release its biannual custom rate report in May or June. Low Rate. All Farm Resource Guide. 08 $12. 85 consumption 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. 92. 28 per bale. 65 per acre on average, while sidedressing is $12. 85: Wisconsin Agricultural Land Prices 2024; Finding a Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. 13 7% Ridge planting, without band applicator, rate per acre 21. 04 Rate per Acre Minimum 8. 6 882 268. 45 19. 23 $4. 80 18. 00-30. The tables are calculated on a per acre basis. Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. 50 18. , ton, bale, or bushel rather than per hour to reduce the variation due to machinery size. 00 per acre. 90 $12. Table 3. These rates are only intended as a guide. Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. It is not intended for establishing rates for individuals or companies that rent equipment or contract custom farming operations as a business. 60 2. The 2025 report was published in the March edition of Ag Decision Maker and includes 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators and farm Mar 27, 2023 · A compilation of more than 2,600 Iowa custom farming rates reports no-till planting costs just over $27 per acre on average in 2023, an almost $4 per acre increase compared to last year. The total economic cost of owning and operating the machinery for custom hire services can be a starting point for custom work rates. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . This means that 15% of those surveyed charged $45/acre or less and 15% charged more than $55. Nov 12, 2024 · Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. Michigan State University Extension offers a custom work rates report that offers Michigan-based costs for a variety of common farm operations. 25 4 20. Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. 97 from $27. a statewide survey conducted online and by solicitations of University of Missouri Extension specialists in the spring of 2023. 00 30. 19 per acre. Median Rate. 71 21. 1 Based on a 470 HP combine used on 2,500 acres. 6 an acre. Field Operations 2023 Department of Agricultural and Consumer Economics 2023 Michigan State University Custom Work Rates Acres/Hr Acres/Yr Fuel Other Tillage 0 $0 - - $ - Chisel Plow 23 Ft 200 HP MFWD $53,500 11. Postal Service and 633 people via email in February 2025. 80 $14. Table C. Custom Rates – Crop and pastureland lease and rental; Custom Rates – Field operations; Custom Rates – Grain harvesting operations; Custom Rates – Hay and silage operations; Custom Rates – Livestock 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. USDA National Agricultural Statistics Service Information. 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. Pennsylvania released its report before the new year. Valley County Extension Office 501 Court Square, Box 12 Glasgow, MT 59230 (406) 228-6241 Fax: (406) 228-9027 [email protected] Agriculture/ 4-H Agent: Mar 17, 2025 · 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. 50 per acre Soybean $33. 9% to $47. Area Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 18 $3. Based on a $87,700 grain cart used on 1,900 acres. 28 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. In 2024, harvesters charged an average of $0. 1% compared to $5,458 in 2023. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. 73 11 $20. The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. 10 per acre with the tool bar. This initial estimate indicates that 31 percent needs to be added to custom rates to cover the full costs of ownership and operation across farms. 20 per gallon, and the machine has a consumption rate of 0. he rates reported in this guide summarize . Dollars per hour Mar 21, 2024 · My cost here is about $36 per acre. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Download 2024 Custom Rates Report May 7, 2024 · The average rates for field spraying with ground application equipment in 2024 vary between $7 per acre for broadcast (not incorporated) with a tractor, and $8. 31. Flexible rental agreements and how they work. 84 per acre for 2024, a 15. Based on a 470 HP combine used on 2,500 Take the 2024 Land Rental and Custom Rates Survey Now! 2023 Custom Rates 2022 Custom Rates 2021 Custom Rates 2020 Custom Rates 2019 Custom Rates 2018 Custom Rates 2017 Custom Rates 2016 Custom Rates 2015 Custom Rates 2014 Custom Rates 2013 Custom Rates 2012 Custom Rates 2011 Custom Rates 2010 Custom Rates 2009 Custom Rates Apr 14, 2023 · Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. Has the rate changed over time? Yes. 00 11 Bed disking (hipper) Dollars per acre $10. 25 per acre and increased to $15. Purdue Extension educators and specialists developed the questionnaire. Approximately 1,370 reports from farmers and ranchers, elevators, custom harvesters and other custom operators were tabulated. Table 1 shows historical prices for select operations. 00per acre Soybean $11. 75 to $15. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. Dollars per acre Dollars per acre. Overall, total operating costs for barley in 2024 relative to 2023 are projected at 6% extra per bushel of wheat for yields greater than 27 bushels per acre. If you are interested in Nov 4, 2024 · Calculating the total economic costs of providing a custom service, the tool’s insights reflect the cost of ownership of the tractor and implement, as well as the operating costs for the custom operation. Labor has also become both a limiting and higher cost expense. 54 per acre, with the most common rate reported being $16. August 2020 Early Season Custom Farm Work Rates Page 3 FERTILIZER AND PESTICIDE APPLICATION AND HAYING OPERATIONS STATEWIDE AVERAGES, NORTH DAKOTA, 2020 Operation 20 20 2016 Average Rate as Percent of 2016 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER APPLICATION Dry lished custom rates while another farm incurred costs of almost 247 percent of the published custom rates. 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 Ohio rates. Michigan’s most recent custom farming rates report was released in December. 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. Custom harvesters charged an average base rate of $29. Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 20 20. 25 higher than the 2022 average of $24. The main revision in the budgets is a reduction in the corn and soybean prices assumed for both 2023 and 2024, resulting in lower return and profitability projections. 00 25. 01 per acre, the range is from $6. 67 20. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 calculated by inflating the 2020 custom rates using two different inflation indexes. 00 $4. The average rate for baling medium large round bales is $12. 00 4 Field cultivating Dollars per acre $8. 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. Download the free 2025 Farm Resource Guide. 00 $14. 50 to $45 per acre, depending on the type of planter and setup. Number Reporting. cropland value from the survey is $6,119 per acre, an increase of 12. To see the full report for all operations, complete with all qualifying comments, visit 2021 Hours of use per year 175 per year Years of life 10 years Labor charge $21. Adding miscellaneous income (straw, crop insurance, etc. Of course, many states no longer do custom rate surveys. 70 per bale, with large round bales coming in at $13. 80 $3. Most of the rates are stated per acre, cwt. 36$ 0. The survey was conducted in 2020, and was expanded to include more custom operations and equipment rentals than the previous versions. Most custom rates saw an increase of 10-15%. This option is appealing for tasks requiring specialized equipment or technical expertise. The 2024 report, which can be viewed online , was published in the March edition of Ag Decision Maker and includes 130 responses and 2,805 custom rates provided by Iowa 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. Where there are fewer than five responses, the ag economist advises caution using the data. 10 per bu. 00 20. Mar 27, 2023 · Custom Farming Rates (includes tillage, planting and harvesting costs): Corn ———— $152. The 2025 MSU Custom Work Rates Report covers a wide number of basic field machine Mar 21, 2025 · The annual Iowa Farm Custom Rate Survey, released this week by Iowa State University Extension, shows custom machine work is on the rise in the state, and so are Since 1975 Alberta Agriculture & Rural Development has annually surveyed custom rates and rental rates to provide information to farmers and custom operators. amheyjkq kbxiy nejqip terk xqhg ozwaz kggx lpnau smrsn utgymi bpmiw dxvgu aoxz szpw sfehp