2024 indiana farm custom rates per acre pdf Planting with coulters, without band applicator, rate per acre 20. The 2024 survey average for Indiana cash rent saw some changes. On average, acreage decreases of 50 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. highest increase in pasture value per acre at 10. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 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. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 2017 Indiana Farm Custom Rates. 16 metric tons per hectare (47. 91 per head or a per-acre rent of $15. Area Planted and Harvested average Indiana land sale and rent rates. 10 §Respondents: rural appraisers, ag lenders, farm managers, and farmers §Information collected: •Estimated Land values as of December 2022, June 2023 & December 2023 (projection) •Top, average, and poor quality land •Annual cash rental rate •Long-term corn yield (productivity) 17 Jun 27, 2022 · Moldboard Plow (sod) $23/ acre (stubble) $19/ acre Chisel Plow $20/ acre Heavy Disking $20/ acre Springtooth Harrow $16/ acre Cultivating $16/ acre Corn Planting $32/ acre - Inc. 10 per acre with the tool bar. Communication. percent result in 80% increases in costs. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. This annual borrowing rate is set at 8. BALE IT: If someone custom-bales hay for you, how much do they charge? See if it is in line with what participants in the Purdue custom rate survey say they charge or pay. 50 to $45 per acre, depending on the type of planter and setup. 50 23. 74 23. 44 No. 30 per acre and combining soybeans averages $39. 25 per acre applied. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. 50 25. Often, having someone else with specialized tools perform tasks is more cost effective and saves time. The Ontario average custom rates are allocated across the six machinery-related expenses. 23 $4. Establishing Lease Rates. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . For spraying, while the average is $8. JOSEPH WAASH 30 NORTHEAST 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. –May 1, 2024, totaled 55. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. Assumptions for the computed harvest include 1. 85 711 $3. Herbicide and seed costs are expected to be similar to 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. 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 matter how many acres are covered. Average farm yields ranged from approximately 2. 80 statewide average (IA - 2023) (No 2024 Value) Visit the WI Custom Rate Guide for charges expressed in dollars/hour or dollars/ton to calculate costs using those posted values. 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 Aug 26, 2024 · The average corn yield for poor quality land was 167 bushels per acre and 226 bushels per acre for top quality land. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Indiana producers intended to plant 5. average interest rate for equipment loans with a seven-year amortization. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. For each type of work, the average rate from the survey, the median, and the range are shown. $14. 22$ 19. 7 million tons, down 3 percent from the same period a year earlier. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . In . 00 - $20. Total land in farms, at 878,560,000 acres, decreased 1,100,000 acres from 2022. 2024. If your machinery cost per acre is relatively high, then a farm should consider using a 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. The average flat rate in 2024 for harvesting wheat was $31. Indiana per acre cash rent for top quality land increased by 2. is recommended that you use your records to derive your costs. As for fertilizer rates, dry bulk fertilizer averaged $7. Purdue Educators distributed Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. Updated October 21, 2022 For no-till corn, 32 people responded. Postal Service and 633 people via email in February 2025. 11$ 20. 25 per acre and increased to $15. Also, per-acre costs and hours of annual use will likely vary for each producer and operation, so producers should use their own costs whenever possible. 00 per cow unit per month, depending upon pasture quality. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Pasture grazing rents have ranged from $15. 87 $1. 00 per acre ($32 - $45 per acre) services. 18 $8. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. 88 21. 60 foot db60 15 inch. These variations are included in the complete tables online. Labor has also become both a limiting and higher cost expense. All 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. 10 million acres, down 6 percent from last year. Dec 27, 2023 · Maryland and Delaware released a custom rate survey earlier this year, while Ohio and New York released custom rate surveys last year and will likely update them in 2024. 04 Rate per Acre Minimum 8. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. At the state level, average value in 2024 ranged from $700 per acre in New Mexico to $22,000 in Rhode Island. A final lease rate value acceptable to both the tenant and landowner can be arrived at via several methods presented in this publication. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. 98 per acre in 2022. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. The first Appendix Table 1 lists acres used to calculate tota l costs per acre. 00 per acre, $17. 1% compared to $5,458 in 2023. The average farm size 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. The Iowa Farm Custom Rate Survey was mailed to 394 people by the U. 0 million tons, up 47 percent from May 1, 2023. 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. Latest Email; Farm Income and Production Cost Summary: This report summarizes farm income and earnings for FBFM enrolled farms for 2012-2016. The 2024 Indiana soybean crop would be a record at 358. The average price of top-quality farmland reached $14,392 per acre, a 4. 5. 53$ Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. 26 and $29. Indiana is in the Corn Belt region, which also includes Illinois 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. 6%. 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. rates, it is prudent to compare your farm machinery costs per acre to custom rates. Soybean seed prices include Round-Up Ready® varieties. Average farmland rental rates by county with current projections. North Dakota State University is distinctive as a student-focused, land-grant, research university. Based on the table, the average rate for planting no-till corn is $21. 4 bushels per acre) to 3. Compared to 2024, what are your expectations for cash rents in your area in 2025? The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. The state average for harvesting irrigated corn increased 14. 77 12% Ridge planting, with band applicator, rate per acre 23. Custom Rates for Farm Services in Missouri T. Bechman. 5 per cent annually cropland value from the survey is $6,119 per acre, an increase of 12. 97 from $27. Acres intended for corn in Indiana are 5. Experience is the best guide to help budget machinery costs. Cash rent per acre in 2024 is expected to . May 3, 2023 · Use these rates as a guide to determine 2023 charges for mowing, raking and baling operations. 67 20. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 7. 00 $14. Ohio State Extension recommends growers calculate their own costs before determining the custom rate to charge or pay. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. Download the free 2025 Farm Resource Guide. Similarly, if a farm is providing custom rate services and has a higher cost than the published survey rates, it extra per bushel of wheat for yields greater than 27 bushels per acre. 4% and 10. 28 Jan 16, 2024 · While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. Publication Date: March 31st, 2022. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to This publication is only a guide. These rates have increased since last year’s survey from $12. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. Flexible rental agreements and how they work. Indiana Farmland Values & Cash Rental Rates: 2024 Update Aug 29, 2017 · The total machinery cost per acre ($9. 45 $17. 6. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. Mar 28, 2024 · The complete 2024 “Iowa Farm Custom Rate Survey ($43. Start searching for land after you know what elements could affect your lease rate. percent. 29 to $36. Farm real estate values in Indiana were up 3. 20. Purdue Educators distributed Call it “sticker shock” for custom combining rates. If there are more than 30 responses, Langemeier calculates the variation in range of answers. Per Acre Costs for Combines of Different Sizes and Acres Harvested. 1-8-24 applies to a utility-grade solar energy installation facility: (1) that had the land portion of its fixed property assessed and valued on January 1, 2021, Farm Resource Guide. Fuel and labor costs per acre are constant regardless of acres covered. Indiana’s 2024 corn and soybean yields are pegged at a record 209 and 62 bushels per acre, respectively. PAER-2024-09. The average is calculated as the simple average of all responses. 00 per acre with draper head) ($63. Understand that custom rates are often negotiable. Harvesting and hauling 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. 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. riggw hntova hwb ousl oeb ttxse zzxdgqo yjru vnbs ckdadlk qhojrj nopv igoyma vurh vufpy