Illinois custom farming rates 2024 per acre. 50 (in January) to $11.

Illinois custom farming rates 2024 per acre Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Breakeven prices to cover variable and total cost are computed for each crop. 101 Mumford Hall (MC-710) 1301 W. 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. 50 25. extension. 50 per acre Soybean $33. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. As for fertilizer rates, dry bulk fertilizer averaged $7. 97 from $27. The highest custom planting rate was $18. Corn. 70 0. 40 per acre Grain Hauling 3 $0. Fair Quality farmland averages below 180 bushels per acre with a soil productivity index under 100. 18 $3. This publication reports custom rates based on a statewide survey. 00 30. Understand that custom rates are often negotiable. 30 per bushel while the soybean price has been reduced to $10. Average Quality farmland averages between 180 and 200 bushels per acre with a soil productivity index of 100-116 and no irrigation. Didn’t think it was enough for the 20 mile road travel and 1 day only but was helping a friend finish up in canola. extra per bushel of wheat for yields greater than 27 bushels per acre. Ohio Farm Custom Rates . More operations are highlighted in other articles. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. 21 per bushel) higher than costs in 2021. 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. 75 $10. 50 5. 20 an acre. The continuous enrollment programs -- CREP, non-CREP and Wetlands -- now make up 8. 7 Sep 17, 2021 · CUSTOM FARMING: Looking at arranging custom farming on your operation? Check out the baseline prices on custom rates from 2019. 01 to $11. 23 for each bushel As the 2023 crop season get started, landowners and custom service providers are negotiating custom rates, but the newest Custom Rate Guide for Wisconsin is from 2020[1]. 86 $1. 4. Table 1 shows historical prices for select operations. 00 $7. Combining corn shows an average of $41. 66 per bushel for corn and $11. We continue to assume trend yields across regions, which are 227 bushels per acre for corn and 72 bushels per acre for soybeans in central Illinois. 00 per acre Grain Hauling 3 $0. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Has the rate changed over time? Yes. 98 per acre in 2022. ). Assumptions for the computed harvest include 1. 01 per acre, the range is from $6. 87 $1. Significant changes from the initial release are increased corn prices, soybean prices, and non-land costs. Fuel Broadcast Seeding $16 - $20 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. 205 64,286 12. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. , and labor for the Apr 2, 2024 · The range given, based on 15 responses to the 2024 survey, is $15 to $27 per acre for custom strip-till services, with an average of $21. 90 per acre Total costs per acre for soybeans increased in Illinois when compared to 2023. 21 ft. In addition, farmers will no doubt stress the Aug 18, 2020 · A 21-foot chisel plow used on 882 acres has a cost of $16. 23. Total costs will be at all-time highs in 2022. 00 12. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. 67 20. Experience is the best guide to help budget machinery costs. 50 per pound 168 84. 2 Based on a $68,300 grain cart used on 1,900 acres. , and labor for the Oct 18, 2024 · The average rate for good productivity land in 2024 was $340, $13 less than the 2023 average of $353. Note that for spreading manure, there are seven responses and a charge of just over $15 per acre. Of the Variable Cost, Overhead Cost, and Gross Revenue per Acre . Urbana, IL 61801 Email: extension@illinois. 21 ft 205 47,440 12. 50 23. Total costs equal non-land costs and land costs. 40 per acre Grain Cart 2 $15. 2023 Indiana Farm Custom Rates. 20 an acre and heavy or offset disking costs an average of $18. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. 00 with chopper In central Illinois, for high-productivity farmland, the 2023 farmer return is $72 per acre for corn and $92 per acre for soybeans. 00 25. Units Seed, $3. Average cash rent levels decreased slightly from 2023 to 2024 for all land productivity classes. , and labor for the Jul 30, 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. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. Where there are fewer than five responses, the ag economist advises caution using the data. Prices have increased a lot over the past three years. 80 15. 90 per acre, an increase of 12. If we examine these crops separately, the machinery cost per acre in 2023 would be $186 for corn and $116 for soybeans. 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. Consistent with these return expectations, professional farm services. This ISPFMRA survey revealed that professional farm managers are expecting average cash rents on “excellent” quality farmland to fall from $410 per acre in 2024 to $381 per acre in 2025 or an 8% decline. Custom Rates 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 planting ranges from $12. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. 4 million acres since early 2021 -- with an average national rental rate of $57. 00 per acre (Range = $71 - $280 per acre) Tillage Tractor List -- Acres per -- per Tractor Implement Fuel Fuel Use Implement/size HP Price Hour Year Hour Total= Overhead + Overhead + & Lube + Labor Per Acre HP $ ac/hr ac/yr $/hr ----- $ per acre ----- gal. 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. The average flat rate in 2024 for harvesting wheat was $31. 10 per bu. 00 Apr 22, 2021 · Custom farming rates (tillage, planting and harvesting costs): Corn: $130 per acre (range: $75-$240) Soybeans: $115 per acre (range:$70-$220) Small grain: $36. Few responses. 2019 Indiana Farm Custom Rates. expected to be $39 per acre ($0. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. The projected rate for 2025 is expected to decrease to $318/acre, and overall returns slightly improve to -$41/acre. 6 882 197. 88 21. The 2025 MSU Custom Work Rates Report covers a wide number of basic field machine Oct 25, 2024 · The projected rate for 2024 is $319/acre, and returns are projected at -$67/acre. input costs for corn increased from $118 per acre in 2000 ($53/acre for fertilizer, $32/acre for pesticides, $33/acre for seed) to $542 per acre in 2023 ($289/acre for fertilizer, $124/acre for pesticides, $129/acre for seed). 30. Average Custom rates cover the cost of machinery, fuel, labor and, occasionally, a product such as lime or bale wrap. These rates have increased since last year’s survey from $12. 20 7. 40 $ Seed, Chemical, etc. rvey . To see the full report for all operations, complete with all qualifying comments, visit 2021 Mar 21, 2024 · For Excellent quality farmland, traditional crop shares in 2023 averaged an income of $350 per acre, cash rents averaged $350 per acre, and custom farming averaged $370 per acre. Langemeier cautions that these rates should only be used as guidelines. Postal Service and 633 people via email in February 2025. See the chart below. This marginally improves projected corn returns, while projected soybean 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. Apr 3, 2024 · The owner has determined the average yield on the farm is 200 bushels per acre. Tandem disking costs an average of $16. Labor time Custom Rates for Farm Services in Missouri T. 99 per acre, or about $22 per acre. 10 per acre. 35 million acres averaging $149. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. Harvesting Forages as Silage Costs per acre for silage harvesting are shown in Table 4. Budgets are prepared to include all revenue and all financial non-land costs. Costs increased $77 per acre in northern Illinois, $108 per acre in central Illinois with the higher rated soils, $112 per acre in central Illinois with the lower rated soils and $78 per acre in southern Illinois when compared to 2022. 50 upward pressure on cash rental rates, as farm operators will have additional revenues to allocate to labor, investment, and land. 70 Apr 2, 2024 · The Iowa Farm Custom Rate Survey compiled more than 2,800 custom rates provided by 130 farmers, custom operators and farm managers. Fuel $30 No Till Corn $35/ acre - Inc. 6 an acre. 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. 81 per 1,000 kernels 28,000 $106. 18 13% Combining Irrigated Corn, flat rate per acre 41. The costs to produce corn and soybeans in 2023 across all Illinois regions are discussed in more detail in the farmdoc Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). The report also surveyed farm managers in Illinois on their expectations for cash rent rates for the 2025 growing year. Sep 3, 2024 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). Figure 1 shows a history of farmer returns for central Illinois. Feb 10, 2025 · A user can evaluate up to three full-season crops, and the wheat double-crop soybean system. 8% increase from June 2023. 50 (in January) to $11. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. 41 22. The rates Mar 26, 2024 · Iowa State Releases 2024 Custom Farming Rate Data $13. 52 $4. Oct 12, 2021 · A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. Sep 3, 2024 · Cash rent estimates are reported in $ per acre per year, and information is available for most counties from 2008 to 2014 and 2016 to 2024. 70 per acre, nearly $3 per acre below the custom rate average and median. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. 00 8 Custom Rates for Farm and Feb 13, 2024 · Nick Paulson, Gary Schnitkey, Carl Zulauf, and Ryan Batts - Nick Paulson - Given corn and soybean futures prices in the first half of February, projected crop insurance prices will be lower than in 2023, resulting in lower per acre premiums in 2024. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. 00 11 Bed disking (hipper) Dollars per acre $10. 83 17. 00 181 90. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. Combining1 Corn $50. 70 per acre Soybean $44. 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. 85 711 $3. Alternatively, if the operations would have been hired at the state average custom rate, he estimated that it would cost approxi-mately $70 per acre annually. MSU Custom Work Rates Report. Check the column for average rates from the same Purdue custom rates survey for 2017. Row markout: Dry row markout: no product applied 20. He disc Sep 13, 2022 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2022 at $243 per acre, up by $16 per acre from the 2021 level of $227 per acre (see Figure 1). Income for 2024 is projected to decline from previous years. Fuel was around $1. 60 foot db60 15 inch. 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. Ohio rates. 2024 Custom No-Till & Drilling Rates In 2024, no-tillers are charging anywhere from $13 to $42 per acre for custom no-tilling. Surveys were mailed/emailed to past respondents and distributed at various Extension programs through the winter of 2024. Aug 29, 2023 · Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - In today’s farmdoc daily article, we take a look at corn and soybean budgets for 2024, which are now available. 80 $3. Premiums are likely to be 16 to 18% for lower for corn policies and 10 to 12% lower for soybean policies based on current estimates in Champaign 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. The level of 2023 returns is still uncertain, though average 2023 cash rents likely will be above operator and land returns for 2023 May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. 7%, respectively. 20 $27. The summary information included in this publication is based on the responses of 333 farmers Illinois Extension. 14 per bu. 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. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. This is up a tick from 2023, which had an average rate of $7. 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. Gregory Dr. February 4, 2007 Dollars per acre Dollars per acre. Grain Cart. For each type of work, the average rate from the May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 50 to $45 per acre, depending on the type of planter and setup. Thus, he estimated that actual costs are almost 30 percent higher than custom rates. The Farm Service Agency recently announced the Emergency Commodity Assistance Program (ECAP) application process and the per acre payment rates for customer to the custom work provider. 80 0. 00 $12. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. 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. If you are interested in 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. It . 7% to $204. iastate. 00 per acre (Range Sep 20, 2023 · Illinois Farm Management Handbook. Table 4. 20 1. Revenue Jan 9, 2024 · Nick Paulson and Gary Schnitkey - Gary Schnitkey - Illinois crop budgets for 2024 have been revised from their initial release in August. NDSU Agriculture educates students with interests in agriculture, food systems and natural resources; fosters communities through partnerships that educate the public; provides creative, cost-effective solutions to current problems; and pursues fundamental and applied research to help shape a Aug 30, 2023 · Good Quality farmland averages between 200 and 220 bushels per acre, with a soil productivity index of 117-132. Mar 28, 2023 · Custom Farming Rates (includes tillage, planting and harvesting costs): Corn: $152. usda. 00 per acre (Range = $75 - $280 per acre) Soybeans: $140. 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. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm Jun 25, 2024 · The 2024 figures are our revised crop budget projections. , and labor for the Based on the table, the average rate for planting no-till corn is $21. After consideration, the landowner offers a 38% factor (estimate of generated farm revenue), and the farmer counters with 35%. As in past years, there are states that have updated their rate guides since a year ago. The owner has determined the average yield on the farm is 200 bushels per acre. 30 2. University of Illinois will publish 2021 machinery cost estimates at the end of September. The machinery cost for the case farm is $152. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 50 193 96. 00 4 Field cultivating Dollars per acre $8. 19 per acre. 10 per acre with the tool bar. 20. nass. Costs include overhead (depreciation, interest, insurance, housing and repairs), fuel and labor. Table C. land plus average cash rent) in central Illinois have increased from an average of around $875 per acre from 2014 to 2021 to $1,166 in 2022. id166_2025 - february 2025 Aug 2, 2022 · Like non-land costs, can rents have increased since 2020, increasing from $256 per acre up to $301 per acre, an increase of $45 per acre, or 18%. 13 7% Ridge planting, without band applicator, rate per acre 21. Page 4 Early Season Custom Farm Work Rates August 2024 OTHER CUSTOM WORK AND HISTORICAL DATA OTHER CUSTOM WORK, STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation 2024 20 Average Rate 24 as Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate Most custom rates saw an increase of 10-15%. Tips for shopping or setting rates Gary Schnitkey, Carl Zulauf, Nick Paulson, and Jim Baltz - Carl Zulauf - In today’s farmdoc daily article, we analyze how cash rents typically follow agricultural returns. 10 per acre Soybean $8. Purdue Extension educators and specialists developed the questionnaire. 00 per hour labor charge. Mar 29, 2022 · One of the best resources for average custom rates is the annual Iowa Farm Custom Rate Survey that is coordinated and analyzed by Iowa State University. 70 6. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 7. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. 13 $6. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. FBFM average cash rents are not available for 2023. Central Illinois is further divided into categories for high-productivity farmland and low-productivity farmland. Dec 7, 2021 · Gary Schnitkey, Carl Zulauf, Krista Swanson, and Nick Paulson - Gary Schnitkey - Illinois crop budgets for 2022 have been revised from their initial release in July. 60 per acre annu-ally to perform machinery operations. 77 12% Ridge planting, with band applicator, rate per acre 23. Mar 25, 2024 · Average 2024 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. 81 per bale. 00 6. These estimates serve as a foundational tool for farmers, agribusinesses, and agricultural economists to make informed decisions about equipment investments, operational strategies, and budget allocations. 63 47. This publication is only a guide. The main revision in the budgets is a reduction in the corn and soybean prices assumed for both 2023 and 2024, resulting in lower return and profitability projections. 33 per bushel), which is similar to the 2023 cash rent per acre. Are you considering leasing your land to a solar farm? If so, you may wonder about the lease rates. 50 per gallon for diesel fuel. 2021 Indiana Farm Custom Rates. 90 per acre, while a 47-foot chisel plow used on 1,974 acres has nearly the same cost at $12. Surveys were mailed/emailed to past per acre 192 bushels per acre 211 bushels per acre Your Fixed Variable Fixed Variable Fixed Variable Estimate Preharvest Machinery 1/ $41. Corn: $150. Management Average Fertilizer Rates. 00 per acre. Current farmer return expectations are negative for both corn and soybeans across all The 2024 figures are our revised crop budget projections. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 00 Row markout with one product: 0-30 gal. Custom farming resulted in the highest return among these arrangements. 00 $25. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 65 per acre (Range = $70 - $275 per acre) Sep 20, 2023 · Illinois Farm Management Handbook. Of course, many states no longer do custom rate surveys. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. 7 million acres -- down 5. For spraying, while the average is $8. "Complete Aug 29, 2017 · Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. , and labor for the Sep 13, 2023 · The average cash rental rate for non-irrigated farmland reached a record $259 per acre in Illinois this year, up $16 compared to 2022, according to the National Agricultural Statistics Service (NASS). 200 bushels per acre x $5 x 36% = $360 per acre cash rent; Soybean Example Feb 12, 2024 · If income increases at a rate faster than interest rates, then farmland values likely rise or remain the same. 00 per acre ($40. 00 per acre 2 $20. Nov 4, 2021 · •Often used as a guideline in setting custom rates Field Operations per Acre Costs Spraying and ammonia application //farmdocdaily. Nov 21, 2023 · A good custom farming agreement includes a written contract that specifies the typical cropping practices to be performed and the amount of payment per acre to be paid to the custom operator by is often referred to as “custom farm work” or more simply, “custom work”. The rate for conventional corn is $19. Based on a $87,700 grain cart used on 1,900 acres. 70 1. Fair and poor pasture, which uses four to seven acres per cow-calf pair had a rental rate $40 per acre. Lower corn and soybean prices in 2024 will have producers seeking cost reductions. Title: SKM_C300i23041714050 Created Date: 4/17/2023 2:05:50 PM Jul 10, 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. Ohio State Extension recommends growers calculate their own costs before determining the custom rate to charge or pay. These per hour charges are appropriate for calculating rental costs when the person renting the tractor provides fuel and labor. 60). Communication . Since 2020, total costs have increased from $833 per acre to Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. 5. Break-even prices to cover all costs, including cash rent for farmland, range from $4. edu Nick Paulson, Gary Schnitkey, Bradley Zwilling, and Carl Zulauf - Nick Paulson - Illinois crop budgets for 2025 are now available and, overall, projections are for lower production costs for corn and soybeans in 2025 compared with 2024. is recommended that you use your records to derive your costs. 00 26. Below are the calculations. average, it costs Illinois farmers $90. Compare your costs for baling small squares vs. Timber pasture, which requires more than seven acres per cow-calf pair is estimated at $30 per acre. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm University of Illinois June 2024 This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. If your machinery cost per acre is relatively high, then a farm should consider using a estimates are useful for determining custom rates and for analyzing machinery costs on farms. 00 per acre, while a 27-foot chisel plow used on 1,134 acres has nearly the same cost at $15. Nick Paulson, Carl Zulauf, and Gary Schnitkey - Carl Zulauf - The costs of fertilizer, seed, and pesticide inputs have increased by 6-7% annually for corn and 4-6% annually for soybeans since the 2000 crop year. Nick Paulson from the University of Illinois provides an overview of recent data on Illinois farmland rental rates for 2023 and projections for 2024. For each type of work, the average rate from the "Complete Harvest (Computed)" adds individual custom rates for mowing/conditioning, raking, baling, and moving/storing (where applicable) to estimate a custom rate for these combined operations. 00 $10. 00 21. 2. A pull-type forage harvester with a 3-row, 30-inch head for harvesting corn. The cost with the largest increase is fertilizer. ISPFMRA rents increased from $369 per acre to $412, an increase of $43 per acre. 60 per acre (Range = $75 - $275 per acre) Soybeans: $139. 75 to $15. Feb 4, 2007 · Check Out Custom Rates Check Out Custom Rates Here, a look at cost estimates of field, forage and harvesting operations, plus per-hour tractor operating costs. The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. 30 per acre and combining soybeans averages $39. 50. " Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. The USDA reports that machinery values and labor costs have increased by about 23 percent and 18 percent, respectively, since our last custom rate survey in 2019. This unit's list price is Jul 3, 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. 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. 04 Rate per Acre Minimum 8. 28 per bale. , and labor for the Mar 23, 2023 · Custom planting ranges from $12. illinois. 74 23. 00-25. Apr 8, 2024 · AMES, Iowa — Farmers who depend on custom work or provide custom services can review rates charged by others across the state in the latest Iowa Farm Custom Rate Survey. Charged $21 an acre. services. In 2023, the total noncapital living expenses of 1,345 farm families enrolled in Illinois Farm Business Farm Management averaged $97,100–or about $8,000 a month for each family. These Jun 11, 2021 · The lowest average custom rate was $17 per acre for planting soybeans in 15-inch rows in conventional tillage and seeding small grains in conventionally tilled fields. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 91 per acre for no-tilling corn. 00 - 7. 25 per acre and increased to $15. 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. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors 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. After consideration, the landowner offers a 38% factor or estimate of generated farm revenue, and the farmer counters with 35%. Cash rent per acre in 2024 is expected to . 00-30. 2017 Indiana Farm Custom Rates. 02 to $10 per acre. However, in 2023, the cash rental rate exceeded the contribution margin for rotation corn, which puts downward pressure on 2024 rental rates for corn acreage. large round bales. 23 $4. Sep 1, 2020 · The economic cost of harvesting soybeans is $32. County yields for ARC-CO are not released until February for fall-harvested crops. Holly Spangler Tractor List -- Acres per -- per Tractor Implement Fuel Fuel Use Implement/size HP Price Hour Year Hour Total= Overhead + Overhead + & Lube + Labor Per Acre HP $ ac/hr ac/yr $/hr ----- $ per acre ----- gal. 5 Fuel costs are based on a price of $2. Aug 29, 2024 · Good quality farmland averages 200 to 220 bushels per acre, with a soil productivity index of 117 to 132. he rates reported in this guide summarize . Additionally, input costs and interest rates could change at any time. Some relief is expected for fertilizer costs due to lower prices but seed costs are expected to Jul 3, 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. 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. Purdue Educators distributed Jul 12, 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 complete 2022 “Iowa Farm Custom Rate Survey” for all farming practices is available on-line at the following Iowa State University web site: https://www. University of Illinois Extension provides equal opportunities in programs and employment. The average price of top-quality farmland reached $14,392 per acre, a 4. Liquid application ranged from $7. 6. Details on data collection, how data and outliers were handled, sample size, response rates, and coefficients of variation can be found in the section "Methodology and Quality Measures. 50 2 23. 1 times the tractor hour resulting in a 10% higher cost per tractor hour. Call it “sticker shock” for custom combining rates. Even given cost reductions, break-even prices Jul 18, 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. Fuel costs vary depending on fuel use. 25 per acre. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. Break-even prices to cover non-land and total costs in 2024 are reported towards the bottom of Table 1. 90 per acre. In 2023, total costs are projected at $1,161 per acre, up from the $1,054 level in 2022. North Dakota State University is distinctive as a student-focused, land-grant, research university. As noted above, the $151 per acre figure represents an average for corn and soybeans. 00 per acre Soybean $11. 1 Based on a 470 HP combine used on 2,500 acres. edu Page 2 Ca eal ae a2024 e 2020–2024 Overall Average of Typical Cash Rents for Corn and Soybean Acres by Iowa Crop Reporting District (dollars per tillable acre). Indiana per acre cash rent for top quality land increased by 2. Mar 29, 2024 · AMES, Iowa – Farmers who depend on custom work or provide custom services can review rates charged by others across the state in the latest Iowa Farm Custom Rate Survey. Labor time is assumed to be 1. 75 / acre. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. As previously discussed, the soybean price is revised down from $11. 71 21. Updated April 14, 2023; Farmland Leasing. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Herbicide and seed costs are expected to be similar to Nov 11, 2024 · The 2023 Illinois Farm Machinery Cost Estimates provide invaluable insights into the financial aspects of running a farm in the Prairie State. Planting with coulters, without band applicator, rate per acre 20. 200 bushels per acre x $5 x 36% = $360 per acre cash rent; Soybean Example May 23, 2023 · From 2020 to 2022, average FBFM cash rents increased by $79 per acre. A 40-foot chisel plow used on 1,680 acres has a cost of $11. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. 00 20. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 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. Between 2020 and 2024, average cash rents in Illinois 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. Change in rate. 12 9. 4% and 10. 35 $ Nitrogen, $0. 30 9. S. edu/2021/10 Jan 14, 2025 · Nick Paulson, Gary Schnitkey, Bradley Zwilling, and Carl Zulauf - Nick Paulson - Illinois crop budgets for 2025 have been revised from their initial release in September. 10 and $14. From 2004 to 2022, farmer returns averaged $140 per acre for corn and $119 per acre for soybeans. 6 882 268. farm custom rates. 36$ 0. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider. 70 per bale, with large round bales coming in at $13. custom rates. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. 6 Labor costs are based on a $19. Compare your actual costs to custom rates. They reach an agreement at 36%. Rotation Corn in Indiana. “Generally, 2024 custom rates are down slightly from 2023,” she notes. 60 to $4. 60 per acre. Costs increased $2 per acre in northern Illinois, decreased $12 per acre in central Illinois with the higher rated soils, decreased $21 per acre in central Illinois with the lower rated soils and decreased $21 per acre in southern Illinois when compared to 2019. 68 30,000 $114. Harvesting and hauling Sep 11, 2024 · and 7% custom farming; The share of variable cash rent leases has been increasing over time and share rent leases have been declining. 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 Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. , and labor for the Mar 22, 2024 · For Excellent quality farmland, traditional crop shares in 2023 averaged an income of $350 per acre, cash rents averaged $350 per acre, and custom farming averaged $370 per acre. 7 Corn $38. The Ontario average custom rates are allocated across the six machinery-related expenses. 30 per acre, with a range of $12 to $31 per acre. Projected farmer returns for crop share agreements are expected to be -$12/acre in 2024 and $4/acre in 2025. The Ohio Farm Custom Rates 2022 survey — based off a statewide survey of 223 farmers, custom operators, farm managers and landowners in early 2022 — also shows increases over the previous survey, ranging from $2-$3 an acre more for tilled corn planting; $4-$5 an acre more for no-till corn planting; and $5-$7 an acre more for combining. The 2022 rent is a record for Illinois, surpassing the previous high of $234 set in in 2013. Fuel Small grain no-till $27/ acre - Inc. be $253 per acre ($1. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. The lower costs predominately come from fertilizer price reductions. 70 + 1,000 x $35. Total costs per acre mostly decreased in Illinois when compared to 2019. 08 $12. Use varies with load on the tractor. Per acre ARC-CO payment for 2024 will equal the higher of $0 or (86% of 2024 ARC-CO benchmark revenue for a county minus 2024 county revenue), with a 10% payment cap. Michigan’s most recent custom farming rates report was released in December. , and labor for the Feb 1, 2024 · The University of Illinois estimated 2024 corn/soybean budgets for the state's farmers at $5-per-bushel breakeven for corn and $12-per-bushel breakeven for soybeans. 60 2. 25 4 20. Mar 21, 2025 · The annual Iowa Farm Custom Rate Survey, released this week by Iowa State University Extension, shows custom machine work is on the rise in the state, and so are Mar 29, 2022 · Average 2022 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. This average was about 6% higher than in 2022. 25 per acre applied. Total costs are projected to surpass $1,200 per acre for 2023 and decline back to 2022 levels for 2024. 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. 50 4 Stalk cutting/shredding Dollars per acre $7. 38 $5. The total machinery cost per acre ($9. Fair quality farmland averages below 180 bushels per acre, with a soil productivity index under 100. Mar 28, 2024 · Custom Farming Rates (includes tillage, planting and harvesting costs):. 25. 40 21. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. 30 35,000 $133. Does that mean land values will also decline in 2024? Oct 21, 2024 · General enrollment only accounts for 7. $130 per acre (range = $75 - $250 use published custom rate surveys. 56 per bushel for Jun 10, 2021 · Related: Purdue issues custom rates for field operations. Labor has also become both a limiting and higher cost expense. 23 for each bushel Vertical tillage averages $19. This table list costs for two types of harvesters: 1. The 2024 report was published in the March edition of Ag Decision Maker and includes 130 responses and 2,805 custom rates provided by Iowa farmers, custom operators and farm Dec 13, 2024 · Assessing 2024 ARC-CO (Agricultural Risk Coverage – County) Program Payments. Soybean seed prices include Round-Up Ready® varieties. Costs per bale tend to be more stable for level of production than are costs on a per acre basis. Mar 12, 2025 · The American Relief Act of 2025 authorized $10 billion in economic assistance payments to partially offset economic losses suffered by producers of eligible commodities during the 2024 crop year. Based on recent futures market activity, the 2025 corn price has been increased to $4. Still, we are projecting Offset disking Dollars per acre $13. 95 per acre, an increase of $3. The average rate for baling medium large round bales is $12. When spread over the same acres used to calculate farmdoc economic costs, the total average cost for custom combining is $90,650 (1,500 x $36. If income remains the same or declines when interest rates rise, then there is pressure for farmland values to go down. 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. Table 2 shows estimated costs in 2019 and 2021 for several different tractor sizes, combining corn and soybeans, a chisel plow, and a conventional planter. Similarly, ISPFMRA rents increased from $305 in 2020 to $369 per acre in 2022, an increase of $64 per acre. ulyqm onhh nwbo jhko ssfx kvp iwg btwubn ssktt uyzsyw gywe kai ftqva tjl llxgm