2024 indiana farm custom rates per acre map. Updated April 14, 2023; Farmland Leasing.

2024 indiana farm custom rates per acre map Sep 11, 2024 · Interested in the latest trends and insights on U. 39$ 12. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. 63 47. 18 13% Combining Irrigated Corn, flat rate per acre 41. 84 15% Combining Dryland Corn, flat rate per acre 38. The rates custom rates. , and labor for the rates, it is prudent to compare your farm machinery costs per acre to custom rates. 50 25. 84 per acre for 2024, a 15. Download 2024 Custom Rates Report services. Regional Cash Rents Area Land Class Cash Rent % Change North Top $289 3. 5 31 2016 ALABAMA ELMORE 18. Compare your actual costs to custom rates. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 99 per acre, or about $22 per acre. The average price of top-quality farmland reached $14,392 per acre, a 4. Updated April 14, 2023; Farmland Leasing. “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. 73 11 $20. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. Michigan’s most recent custom farming rates report was released in December. At Merrell Bros. Table 1 shows historical prices for select operations. 50 to $45 per acre, depending on the type of planter and setup. The rate for conventional corn is $19. CRP by Erodibility Index. 2024 Resource Packet; 2023. 00 $4. As a reminder, the values and information USDA National Agricultural Statistics Service Information. Acres on CRP Contracts Expiring Between 2018-22 (Enrolled More Than Once) CRP Contract Summary 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. Therefore, costs per acre decline as acres of use increase for a given implement size. Liquid application ranged from $7. Indiana per acre cash rent for top quality land increased by 2. CRP Rents by State- General and Continuous. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. 4% to $11,630 and $9,071 per acre, respectively. 66 Average $239 −0. Tips for shopping or setting rates Indiana Farmland Prices Continue to Rise August 2023 “While farmland prices reached a new peak in 2023, the appreciation rate from 2022 to 2023 was much lower than the record high price growth observed between 2021 and 2022,” said Todd H. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. nass. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Find local businesses, view maps and get driving directions in Google Maps. ). 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. survey of agricultural producers. 53$ Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. Current average rate. 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. Since more than 30 people responded, Langemeier included a variation measure, from $24. These variations are included in the complete tables online. Fuel $30 No Till Corn $35/ acre - Inc. 4 Indiana Agriculture Report April 2024 Prospective Planting Report Indiana farmers intend to plant less corn and more soybeans compared to last year. 7% and 4. It . Price growth was robust, but muted Call it “sticker shock” for custom combining rates. Indiana producers intended to plant 5. 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. 13 7% Ridge planting, without band applicator, rate per acre 21. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. 0 percent from 2023. 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. Custom planting ranges from $12. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. For spraying, while the average is $8. Based on the table, the average rate for planting no-till corn is $21. 10 Northeast Top $291 −0. 28 per bale. 12 9. 2017 Indiana Farm Custom Rates. As for fertilizer rates, dry bulk fertilizer averaged $7. Dec 27, 2023 · Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. 10 per acre with the tool bar. 98 per acre in 2022. The national average cash rent for cropland increased to $140 per acre in 2019 from $138 per acre in 2018, while th e national average for pa sture increased by $0. 8% increase from June 2023. Land in farms was 14. 19 per acre. 36 to $28. Mar 26, 2024 · Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate and increased to $15. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. The range was $15. 22$ 19. If there are more than 30 responses, Langemeier calculates the variation in range of answers. The average is calculated as the simple average of all responses. Table 1. , we have an up-to-date tillage, planting and harvesting fleet along with the latest technology to meet your corn, soybean, wheat and cover crop needs. 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. These Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. 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. 9% to $47. per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. 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 $40 per acre. 11$ 20. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to 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. 62 per acre. 44 No. 22 per acre for corn and from $23. Consistent with these return expectations, professional farm matter how many acres are covered. 4% and 10. 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. Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. 04 Rate per Acre Minimum 8. 13 Poor $191 0. Average price for top-selling land was $13,739 per acre, up 7. 50 23. Average Fertilizer Rates. 30 per acre and combining soybeans averages $39. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. 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. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 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. 70 Poor $185 3. 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. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. Custom rates reports. Sep 1, 2017 · Michael Langemeier - Numerous farms that are either hiring a custom operator or providing custom rate services to other farms use published custom rate surveys. CRP - Years Enrolled by State. Mar 20, 2023 · Most custom rates saw an increase of 10-15%. This is up a tick from 2023, which had an average rate of $7. , Inc. 00 per cow unit per month, depending upon pasture quality. 7%, at $8,689 per acre. 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. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Total Ridge planting, with band applicator, rate per acre 23. 83 17. S. Purdue Extension educators and specialists developed the questionnaire. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. While the farmland market has been robust in recent years May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 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. 5 acres, had a rental rate of $48 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. There are both higher and lower rents than listed here and is subject to local demand and supply. Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. The quality of data is dependent on the cooperation received by producers and commercial custom operators. 00 20. 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”. 6 million acres, unchanged from last year. Postal Service and 633 people via email in February 2025. For each type of work, the average rate from the 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. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. Central Top $327 −0. 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. is recommended that you use your records to derive your costs. Resource Materials for Valuing Agricultural Land for Assessment Year 2023; 2022 Nov 22, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. jmryaf ngw xwbgt vbdi nbflo kivamdn oki wdubcl fxz ygkul yrqn sivf ijkwqwnx cpqaa rtv