2024 indiana farm custom rates per acre map. 99 per acre, or about $22 per acre.
2024 indiana farm custom rates per acre map Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . The average rate for baling medium large round bales is $12. 44 No. 73 11 $20. The state average for harvesting irrigated corn increased 14. Mar 28, 2024 · Following are the “Median” custom rates for some common farming practices for 2024, as well as the (range) of custom rates listed, based on the “Iowa Farm Custom Rate Survey”. 00 6. Appendix Table 1 lists acres used to calculate total costs per acre. 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. These rates have increased since last Aug 7, 2023 · The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022’s rates. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 7%, respectively. 70 per bale, with large round bales coming in at $13. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 28 Feb 1, 2024 · Good yields, strong 2023 farm incomes, a shortage of farmland for sale and moderating interest rates have farm real estate experts optimistic about keeping land values at current high levels Mar 7, 2024 · Lease rates per acre can vary depending on the region in the USA but typically range from $300-$2,500 per acre annually. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. 7% to $11,210 and $8,689 per acre, respectively. As a reminder, the values and information USDA National Agricultural Statistics Service Information. 26 and $29. 5 2024. 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 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. 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 Apr 11, 2024 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 84 15% Combining Dryland Corn, flat rate per acre 38. 00 $14. Offered and Acceptable Acres - Summary of Acceptable Acres. 83 17. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. Has the rate changed over time? Yes. 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. At Merrell Bros. Custom Rates 2021 Indiana Farm Custom Rates Shredding Corn Stalks $/acre 6 9. Updated April 14, 2023; Farmland Leasing. Fuel Broadcast Seeding $16 - $20 Aug 8, 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. 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 to $13 per acre. 8%, to $11,210 per acre, and poor-quality farmland was up only 0. 50 25. The average is calculated as the simple average of all responses. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. CUSTOM RATES REPORT _____ Cooperating with the Pennsylvania Department of Agriculture Northeastern Regional Field Office 4050 Crums Mill Rd, Suite 203 Harrisburg, PA 17112 (717) 787-3904 www. 9% to $47. However, changes in rates across Indiana’s 6 regions were not uniform with rental rates in some regions and for some land quality types actually declining. 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. The Ontario average custom rates are allocated across the six machinery-related expenses. Compare your costs for baling small squares vs. 4% to $11,630 and $9,071 per acre, respectively. 18 $8. 50 23. 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. 56 Nick Paulson, Gary Schnitkey, Carl Zulauf, and Jim Baltz - Gary Schnitkey - In today’s farmdoc daily article, we discuss information for setting 2024 cash rents. Labor has also become both a limiting and higher cost expense. The statewide average per acre cash rent for poor-quality land, however, fell by 3. PAER-2024-09. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. The state average for disk harrowing (secondary light seedbed preparation) is $18. CRP Rents by State- General and Continuous. Current average rate. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. 00 per cow unit per month, depending upon pasture quality. 30, 2017) CRP Contracts Arrayed by Acres per Contract. 53$ Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. 04 Rate per Acre Minimum 8. usda. Feb 26, 2025 · Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates ; National 2023/2024 ARC-County Payment Rates ; Kansas 2022/2023 ARC-CO Payment Rates ; National 2022/2023 ARC-CO Payment Rates Web Content Publishing Schedule: Section 207(f)(2) of the E-Government Act of 2002 requires federal agencies to develop an inventory of information to be published on their Web sites, establish a schedule for publishing information, make those schedules available for public comment, and post the schedules and priorities on the Web site. For each type of work, the average rate from the survey, the median, and the range are shown. Central Top $327 −0. The range was $15. Indiana producers intended to plant 5. 00 $4. , and labor for the rates, it is prudent to compare your farm machinery costs per acre to custom rates. Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. For spraying, while the average is $8. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and 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. Custom planting ranges from $12. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. Jun 9, 2021 · Based on the 2021 numbers, you can expect to pay a hair more for harvesting corn than soybeans, averaging $30. Purdue Educators distributed 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. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. 62 per acre. 66 Average $239 −0. There are both higher and lower rents than listed here and is subject to local demand and supply. Publication Date: April 17th, 2024. 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. 18 13% Combining Irrigated Corn, flat rate per acre 41. 63 47. 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 $75 per acre payment would also support cash rental rates and will be included in the Department of Local Government Finance agricultural land value base rate calculation. Average Fertilizer Rates. Rents at 2020 levels still Apr 23, 2021 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Table 1. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. The growth rate of Indiana farmland prices is expected to moderate in 2024. 69 W. 30 per acre and combining soybeans averages $39. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 4% and 10. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. 7% and 4. 1% from last year’s cash rental rate. 00 - $90. survey of agricultural producers. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. 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. Change in rate. Acres intended for corn in Indiana are 5. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. 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. 90 per acre, an increase of 12. Average and poor-quality farmland increased 5. 5 31 2016 ALABAMA ELMORE 18. Information for Setting 2023 Cash Rents: Results from the Illinois Society suggest rising cash rents in 2023, though at lower rates than occurred in 2022. 2024 Budgeted Profitability for a 1,000 Acre Indiana Corn-Soybean Farm. 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. Indiana per acre cash rent for top quality land increased by 2. The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). In Georgia, cash rent for cropland (irrigated and non-irrigated) increased by $10 to $126 per acre compared to 2018 averages. 39 per acre, respectively. Total Ridge planting, with band applicator, rate per acre 23. It . 10 per acre with the tool bar. Sep 11, 2024 · Interested in the latest trends and insights on U. 39$ 12. As for fertilizer rates, dry bulk fertilizer averaged $7. 42 ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. 75 million acres 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. A range of rates is reported across the state from $10 to $48 per acre. 2024 Resource Packet; 2023. This is up a tick from 2023, which had an average rate of $7. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Jan 16, 2024 · Farmland Values. 22$ 19. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. 67 to $35. 84 per acre for 2024, a 15. 2023 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. tznhxfmhkhuqoixkgsazkcvquaxvbtbpoevjgpnpxypjljdibxofqfpyesblhxzashluimvtlwhpfsp