Illinois custom farming rates 2024 per acre map 10 per bu. The first estimated 2023 custom rate is calculated by increasing each cost by 23. 10 per acre Soybean $8. Apr 29, 2024 · Within those same years, cash rental rates for cropland in North Dakota have increased 3. Since 2020, total costs have increased from $833 per acre to Sep 27, 2022 · Soybean costs increased from $85 per acre to $110 per acre, an increase of $25 per ton. 5. 00 $14. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. 36 or 0. 12%, 6. 25. 60 to $4. Mar 28, 2024 · Custom farm rates are expected to remain unchanged for 2024. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. custom rate, he estimated that it would cost approxi-mately $70 per acre annually. Between 2020 and 2024, average cash rents in Illinois View maps featuring agricultural data, sold land, and land for sale. Labor time Mar 12, 2025 · Still, Illinois farmers are expected to increase corn acres and reduce soybean acres in 2025. 97 from $27. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. This is up a tick from 2023, which had an average rate of $7. 320 hp combine 470 hp combine 540 hp combine Table 3. 18 13% Combining Irrigated Corn, flat rate per acre 41. These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Check the column for average rates from the same Purdue custom rates survey for 2017. 00 30. Twenty percent of the respondents perform custom work, 16% %PDF-1. 18 $8. The machinery cost for the case farm is $152. 50 per gallon for diesel fuel. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. The total machinery cost per acre ($9. 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 farming resulted in the highest return among these arrangements. Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. Assumptions for the computed harvest include 1. 95 per acre, an increase of $3. If you are interested in Apr 2, 2024 · The price drops to an average of $24. 20 an acre and heavy or offset disking costs an average of $18. edu/2021/10 per acre, an increase of $3. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. of Reports Average ($/Bushel) Above Bushels No. Purdue Educators distributed Jul 30, 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. 98 per acre in 2022. 48%. Fuel costs vary depending on fuel use. Table 2 shows estimated costs in 2019 and 2021 for several different tractor sizes, combining corn and soybeans, a chisel plow, and a conventional planter. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. Appendix Table 1 lists acres used to calculate tota l costs per acre. 56 per bushel for University of Illinois Extension provides equal opportunities in programs and employment. For each type of work, the average rate from the Sep 13, 2022 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2022 at $243 per acre, up by $16 per acre from the 2021 level of $227 per acre (see Figure 1). We continue to assume trend yields across regions, which are 227 bushels per acre for corn and 72 bushels per acre for soybeans in central Illinois. Ohio’s most recent custom farming report was released last July and includes brand-new rates for aerial application of chemicals, seed and fertilizer by drone. Has the rate changed over time? Yes. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. 7. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. The average price of top-quality farmland reached $14,392 per acre, a 4. 00 per acre Soybean $11. Purdue Extension educators and specialists developed the questionnaire. Custom Rates for Farm Services in Missouri T. The rates Vertical tillage averages $19. College of Agricultural, Consumer & Environmental Sciences Illinois Extension. Gregory Dr. An 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. Jan 14, 2025 · Nick Paulson, Gary Schnitkey, Bradley Zwilling, and Carl Zulauf - Nick Paulson - Illinois crop budgets for 2025 have been revised from their initial release in September. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 1% and 14. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. The average of the 2025 fall corn delivery price to the local elevator is $4. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. Row markout: Dry row markout: no product applied 20. 96 per acre in 2020. , and labor for the Respondents answered questions that corresponded to the expected carrying capacity. Liquid spraying costs $7. Based on a $87,700 grain cart used on 1,900 acres. The lower costs predominately come from fertilizer price reductions. Combining1 Corn $50. S. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. "Complete Find local businesses, view maps and get driving directions in Google Maps. Dry bulk fertilizer application costs an average of $7. 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. 00 Row markout with one product: 0-30 gal. 5 Fuel costs are based on a price of $2. 50 per acre Soybean $33. Thirteen percent reported a custom rate less than $5 per acre, 52 percent reported a custom rate between $5 and $7 per acre, 21 percent reported a custom rate between $7 and $9 per acre, 11 percent reported a custom rate between $9 and $11 per acre, and 4 percent of the respondents reported a custom rate of $11 or more per acre. If your machinery cost per acre is relatively high, then a farm should consider using a The 2024 figures are our revised crop budget projections. 00 Aug 29, 2023 · Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - In today’s farmdoc daily article, we take a look at corn and soybean budgets for 2024, which are now available. 50 2 23. 25 4 20. 23. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. We have revised corn and soybean prices down, while cost adjustments were mixed. Acreage increases of 50 percent result in cost decreases of 25 . services. The USDA Prospective Plantings report indicates a 3% increase in corn acres in Illinois and a 3% reduction in soybean acres compared with the 2024 crop year. 30 per bushel while the soybean price has been reduced to $10. 67 20. The statewide average cash rental rate moved upward from $75. Sep 20, 2023 · Illinois Farm Management Handbook. 2024 Budgets for All Regions: This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. 10 from $24. Projected 2023 and 2024 farmer returns in Illinois are currently negative, reflecting a significant shift from the high farmer returns achieved in 2020, 2021, and 2022. CRP Rents by State- General and Continuous. The rate for conventional corn is $19. 8% increase from June 2023. Use varies with load on the tractor. percent reported a custom rate less than $5 per acre, 52 percent reported a custom rate between $5 and $7 per acre, 21 percent reported a custom rate between $7 and $9 per acre, 11 percent reported a custom rate between $9 and $11 per acre, and 4 percent of the respondents reported a custom rate of $11 or more per acre. “Generally, 2024 custom rates are down slightly from 2023,” she notes. This marginally improves projected corn returns, while projected soybean 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). Where there are fewer than five responses, the ag economist advises caution using the data. of Section - 4 Oklahoma Agricultural Statistics (2024) Crop Production Summary – Oklahoma: 2023 Crop Planted Harvested Yield per Acre Unit Production Price per Unit acres acres units units dollars Winter Wheat Oats Rye Canola Corn for Grain 1 Corn for Silage Sorghum for Grain 1 Sorghum for Silage Soybeans Peanuts Cotton All Hay Alfalfa Hay Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Table C. 00 per acre Grain Hauling 3 $0. 65 per acre on average, while sidedressing is $12. 50 23. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm cost per acre was $9. 25 per acre applied. Total costs per acre for soybeans increased in Illinois when compared to 2023. Corn. 66 per bushel for corn and $11. 75 / acre. 00 - 7. 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. of Reports Range Average No. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 6. On average, acreage decreases of 50 1 Assumes that 60% of the acres are corn and 40% are soybeans. 74 23. Mar 22, 2024 · For Excellent quality farmland, traditional crop shares in 2023 averaged an income of $350 per acre, cash rents averaged $350 per acre, and custom farming averaged $370 per acre. 82%, and 3. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. Budgets are prepared to include all revenue and all financial non-land costs. Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates. 5 31 2016 ALABAMA ELMORE 18. 58. 4. 00-30. 14 per bu. The 2024 statewide average pasture is $1,599 per acre, and the statewide average cash rental rate is $45, an increase of 15. 7 bushels per acre for 2025. 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 Nov 12, 2024 · The total machinery cost per acre ($9. University of Illinois June 2024 This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. 00 25. May 7, 2024 · Ann Johanns, program specialist with ISU Extension and editor of Ag Decision Maker, says this year’s custom rates reflect the current farm economy. 00 20. 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. Of the In 2023, the total noncapital living expenses of 1,345 farm families enrolled in Illinois Farm Business Farm Management averaged $97,100–or about $8,000 a month for each family. 2. Labor has also become both a limiting and higher cost expense. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 5 acres, had a rental rate of $48 per acre. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. zakc thhvazt femwi wifu bedx ivvryz ttctbw uglnzy avguz doauqmc iamdxpmi dvxxphny spghwvrb yljgba rievgm