2024 indiana farm custom rates per acre map. Additional Data Tables (As of Sept.

2024 indiana farm custom rates per acre map Compared to 2024, what are your expectations for cash rents in your area in 2025? Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 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. 18 13% Combining Irrigated Corn, flat rate per acre 41. Average and poor-quality farmland increased 5. Table 1. Average- and poor-quality farm ground also hit new highs: the average price for average-quality ground is $11,630 per Aug 29, 2017 · The total machinery cost per acre ($9. 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. 74 23. Change in rate. 00 per cow unit per month, depending upon pasture quality. The average rate for baling medium large round bales is $12. 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. 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. 30, 2017) CRP Contracts Arrayed by Acres per Contract. 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. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Acres intended for corn in Indiana are 5. Statewide, the average price of top-quality farmland averaged $13,739 per acre, up 7. 5 2024. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. Sep 26, 2024 · Negotiating cash rental rates? This AgCast episode explores 2024 farmland cash rent trends in the Purdue Farmland Value and Cash Rental Rates survey and long-term trends in Indiana cash rental rates, including an examination of regional variation in rates within Indiana. 50 to $45 per acre, depending on the type of planter and setup. 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. Custom rates reports. Farm real estate values in Indiana were up 3. Gain an in-depth understanding of trends, market dynamics, and future Mar 22, 2022 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 1% from last year’s cash rental rate. Find local businesses, view maps and get driving directions in Google Maps. Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. 00 $14. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. Read More Sep 10, 2024 · Average- and poor-quality farmland also saw gains, with prices increasing 3. 7% to $11,210 and $8,689 per acre, respectively. If your machinery cost per acre is relatively high, then a farm should consider using a Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. 28$ 21. These Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. Postal Service and 633 people via email in February 2025. COMMUNICATION. Purdue Extension educators and specialists developed the questionnaire. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. 71 21. 5 31 2016 ALABAMA ELMORE 18. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. 00 - $21. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. 81 per bale. North Dakota State University is distinctive as a student-focused, land-grant, research university. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. For no-till corn, 32 people responded. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. As a benchmark, reducing cash rents back to 2020 levels would help, particularly for cash rents that are at or above NASS averages. The average is calculated as the simple average of all responses. Indiana farmland prices once again hit record highs in 2023, according to the recent Purdue Farmland Value and Cash Rents Survey. For spraying, while the average is $8. 50 25. 6 million acres, unchanged from last year. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 10 per acre with the tool bar. 98 per acre in 2022. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. 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. Fuel Small grain no-till $27/ acre - Inc. 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. 19 per acre. 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). 00 20. The average price of top-quality farmland reached $14,392 per acre, a 4. The quality of data is dependent on the cooperation received by producers and commercial custom operators. Pasture grazing rents have ranged from $15. 8% increase from June 2023. 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. A range of rates is reported across the state from $10 to $48 per acre. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. is recommended that you use your records to derive your costs. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. All Twenty-Year Rate of Return (left axis) and P/rent10 at the Time of Purchase (horizontal axis) 1970 to 2003 0% 2% 4% 6% 8% 10% 12% 14% 16% 5 10 15 20 25 30 35 Rate of Return P/Rent10 at Time of Purchase 2003 Rate of return includes cash rent and capital gains P/rent10 = Farmland price / 10-year moving average of cash rent Land Purchase Year Vol. 38$ 18. This is up a tick from 2023, which had an average rate of $7. 2017 Indiana Farm Custom Rates. 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. 00 $4. Kuethe, Schrader Endowed Chair in Farmland Economics and the survey’s author. 10 million acres, down 6 percent from last year. 7%, respectively. “While farmland prices increased between 2023 and 2024, survey respondents noted that much of the growth appears to have taken place in the latter half of 2023,” said Todd Kuethe , the Schrader Endowed Chair May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. Field Operations 2023 Department of Agricultural and Consumer Economics Sep 3, 2024 · Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - Significant declines in 2025 cash rents are expected and may be necessary given negative expected returns for 2024, and a continued low return outlook for 2025. 66 Average $239 −0. & Indiana farmland values? This AgCast episode shares insights from the Farm Sector Balance Sheet, USDA data collection methods, regional variations in land values, and the influences of factors such as interest rates and development pressures on farmland prices. Compare your costs for baling small squares vs. 90 per acre, an increase of 12. 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. 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”. 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. There are both higher and lower rents than listed here and is subject to local demand and supply. 10 Northeast Top $291 −0. Consistent with these return expectations, professional farm matter how many acres are covered. Sep 11, 2024 · Interested in the latest trends and insights on U. 13 Average $233 3. 84 15% Combining Dryland Corn, flat rate per acre 38. 3% from June 2022. The range was $15. 00 6. 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. 69 W. Farm work completed by others 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. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. For each type of work, the average rate from the survey, the median, and the range are shown. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. As for fertilizer rates, dry bulk fertilizer averaged $7. Custom planting ranges from $12. Tips for shopping or setting rates Indiana Farmland Prices Continue to Rise August 2023 “While farmland prices reached a new peak in 2023, the appreciation rate from 2022 to 2023 was much lower than the record high price growth observed between 2021 and 2022,” said Todd H. Land in farms was 14. 8% from June 2023. 75 million acres 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. Latest Email; extra per bushel of wheat for yields greater than 27 bushels per acre. Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. 18 $8. usda. If there are more than 30 responses, Langemeier calculates the variation in range of answers. jnjyjg vizhcochm rqie dbliqk jvzuu lvwv mnbzc vqxybo evcze hqwr bchd zpvuz ctf olyyol yqtgu