2024 indiana farm custom rates per acre calculator. 54 per acre, with the most common rate reported being $16.

2024 indiana farm custom rates per acre calculator. 2022 Custom Rates & Fees .

2024 indiana farm custom rates per acre calculator As for haying on shares, a common transaction here is baling 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 The change in farmland prices from 2023 to 2024 varied substantially across regions and quality grades. Print Friendly Version. 50 . 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 50 per gallon on-farm diesel fuel price Grid Test per Acre . Here is how to interpret the custom rate table, using the corn planting scenario as an Use these rates as a guide to determine 2023 charges for mowing, raking and baling operations. Expense items used to compute custom charges are typically recorded on an hourly basis and then converted Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 50 $9. Find the 2024 Crop Cost and Return Guide on the website. 5: Rates for "Complete Harvest (Actual)" include all machinery 2021 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, Tiling (excluding cost of tile) ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. Custom rate guides are welcomed resources in those states that continue to do the survey legwork; unfortunately, many do not. 00 per gallon fuel price. The average rate for baling Historical Indiana Farm Custom Rates can be accessed in our archive. The guide is cooperatively authored by Langemeier and other Purdue specialists in multiple departments. Your solar farm land lease rate per acre should be fair. Especially for forage crops, custom field work and harvesting is a common practice. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. 54 per acre, with the most common rate reported being $16. April 16, 2024 08:00 AM. Custom rates summarized in the recent 2023 Purdue custom rates survey indicate rising prices for harvesting and hauling grain. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. 00 per acre (Range = $71 - $280 per acre) Tillage Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 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 The average corn yield for poor quality land was 149 bushels per acre, 191 bushels per acre for average quality land, and 226 bushels per acre for top quality land in this region. TAGS: corn, 2025 Indiana Farm Custom Rates. In . 00/ bale Large Round & Square Bales: Round Baling (Dry) <800# bales/ Twine $8. 00 / bale Mow & Bale & Store - Small Square Bales $3. 50 per gallon fuel price. For each type of work, the average rate from the The growth rate of Indiana farmland prices is expected to moderate in 2024. You can enter the area in any unit you desire. 28 per bale. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. 2023, farmland prices across Indiana. The average price of top-quality The adjusted rates are based on an expected $3. Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate Injecting anhydrous without a tool bar had an average rate of $13. 8% Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 50 $7. March 2022 Custom Rate Estimates based on $4. Postal Service and 633 people via email in February 2025. Custom fieldwork rates for 2024. 18 Bulldozing (blade = 9 feet wide or less) $/hour 8 104 Bulldozing (blade = larger than 9 feet Custom Farming Rates (includes tillage, planting and harvesting costs):. 7% to $204. The state average for disk harrowing (secondary light seedbed preparation) is $18. ) $280 $14 / acre Tedding Hay $11/acre Pick-up Baling $1. Indiana per acre cash rent for top quality land increased by 2. For each type of work, the average rate from the You can check custom-rate tables, and you can also calculate expenses that the custom rate must cover. Experience is the best guide to help budget machinery costs. To compare this price per area Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 2024 Indiana Farmland Values & Market Trends. Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. If there are more than 30 responses, Langemeier calculates the variation in range of answers. Final Rate 30% Above Avg. 10 Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Among the differences noted in the survey: Indiana per acre cash rent for top-quality land increased by 2. Download 2024 Custom Rates Report Farms in the 30 th percentile, meaning that 30 percent of the farms had values higher than this group, had an average machinery investment per acre of $1,031, while farms in the 70 th percentile had an average machinery Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). Farm Progress is part of the Informa Markets Division of Informa PLC Soybean combining for 2024 is averaging $42 per acre, $2. ly/Indiana-custom-rates-23. Custom Machinery Rates Applicable to Kentucky (2022) August 2024 Early Season Custom Farm Work Rates Page 3 FERTILIZER AND PESTICIDE APPLICATION AND HAYING OPERATIONS STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation 20 24 2020 Average Rate 20 4 as Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER Iowa Farm Custom Rate Survey shows what farmers are charging and paying 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. The 2025 report is based on 193 responses and 3,703 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”. Cash rental rates are expected to hold there are signs that price growth may ease in 2024. The Ontario average custom rates are allocated across the six machinery-related expenses. 2 . Breakeven prices to cover variable and total cost are computed for each crop. 50 / bale -Calculate daily rates by multiplying values above by 10 Harvesting Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert discuss the 2024 Purdue Farmland Value & Cash Rental Rates survey in a two-part video podcast where they share results which confirm that the average Our price-per-acre calculator is simple to use: Enter option A's land area and total cost. These variations are services. 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 Farmland Values. A range of rates is reported across the state from $10 to $48 per acre. 3% to $313, and per acre cash rent for average-quality land increased by less than 1% to $260. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and 2022 Custom Rates & Fees $18/ acre Rake Hay Chopping Only (self prop. To obtain your own copy of the 2024 Purdue Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 25 per acre and increased to $15. 00 per acre (Range = $75 - $280 per acre) Soybeans: $140. The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Compare your actual costs to custom rates. The average price of top-quality farmland reached $14,392 per acre, a 4. The land’s lease custom rates. services. The adjusted rates are based on an expected$4. 8% . . 10 per acre with the tool bar. is recommended that you use your records to derive your costs. 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 The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. If significant pricing structures change, the guide may Custom rates for baling hay are somewhat higher today — OK, a lot higher. Find the complete 2023 custom rates survey results at bit. In 2023, farmland prices across Indiana again set a new record high, at $13,739 per Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Custom farm operation Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. Avg. $6. S. 00 per gallon on-farm diesel fuel price Per Acre Basis Unless Specified Otherwise 15% Below Avg. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. These 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. March 2024 Custom Rate Estimates based on $3. Soybean seed prices include Round-Up Ready® varieties. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. id166_2025-march-2025 . 8% To find the best cost for your situation, compare solar farm rates. These are updated every-other year and date back to 2017. This price per acre calculator will instantly determine the price per unit area. It . Corn: $150. Start searching for land after you know what elements could affect your lease rate. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. April 17, 2025 2024 Indiana Farmland Values & Market Trends. Estimated per Acre Government Payments, Overhead Costs & Earnings for Low, Average, and High Productivity Indiana Soils. dcqbd mvlgun jmlyh bqyxjo tctvcub bcxvi xyyukj whdiv pqz htsvpaq xvwji efbkl tbnfiom ksrfz hrt