2024 indiana farm custom rates. This year’s survey, published in .

2024 indiana farm custom rates Author: mark althouse Created Date: 9/1/2017 12:04:32 PM Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate Survey, which provides average pricing for common agricultural services such as tillage, spraying and fertilizer application. Publication Date: April 17th, 2024. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. 09, up $7. Bechman became the Midwest Crops editor at Farm Progress in 2024 Here are updated Indiana custom rates for various harvest operations. edu. 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 farmers, custom 2021 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 2026 Iowa Farm Custom Rate Survey mailing list, send your mail or email address to: Ann Johanns, Iowa State University, Borlaug Learning Center, 3327 290th St. As for haying on shares, a common transaction here is baling Indiana Farm Custom Rates Survey 2025 Attention all growers and landowners! The Indiana Farm Custom Rates Survey is live, and we need your input! This important biennial survey, supported by Custom rate guides are welcomed resources in those states that continue to do the survey legwork; Custom farm operation inputs and associated costs have trended higher over the past five years, State custom rate surveys as of April 2024. S. COLUMBUS, Ohio — Farming is a complex business and many Ohio farmers utilize outside assistance for specific farm-related work. 2024 Statewide farmland prices once again set a new record in 2024, according to the recent “Purdue Farmland Value and Cash Rent Survey. In 2023, farmland prices across Indiana again set a new record high, at $13,739 per If your neighbor charges more for a custom farming operation, Purdue Extension ag economist, maintains custom rate information in Indiana. May 3, 2023. 54 per acre, with 2024 Budgets for All Regions: There will be times that you hire custom machine work for your farm business or provide that service to others. The business is based in Wabash, Indiana, and oversees farmland assets in 22 states. Apr 2, 2025. The MSU Custom Rate Calculator Worksheet can guide the calculation of the total economic cost of owning and operating the machinery for custom hire services. Nebraska. PAER-2024-09. ” Iowa State University Extension and Outreach, Ag Decision Maker, A3-10, March 2017. 2 Min The latest custom rates available for Indiana can be found online. Go to Archive. 2024 Resource Packet; 2023. Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 22$ 19. Download 2024 Custom Rates Report U. & INDIANA FARMLAND CASH RENTAL RATES: 2024 UPDATE September 23, 2024 Todd Kuethe, Professor, Schrader Endowed Chair in Farmland Economics 2024 Indiana Cash Rental Rates By Region Area Land Class Cash Rent % Change Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Purdue Extension educators surveyed Indiana farmers, farm owners, farm custom operators and professional farm managers regarding custom rates they had either paid or received during the past year. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. " 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 Use these rates as a guide to determine 2023 charges for mowing, raking and baling operations. All soil tests for phosphorus and potassium are assumed to be in the maintenance range, and the pH is in the recommended range. The average price of top-quality farmland reached $14,392 per acre, a 4. Publication Number: AEC 2024-01. 50$ Large Rectangular Baler 3x3 , Farmland prices in west central Indiana increased slightly in 2024 (0. The state average for disk harrowing (secondary light seedbed preparation) is $18. happens is to be determined. This article compares machinery costs per acre for a case farm to custom rates associated with a field cultivation operation and a self-propelled sprayer December 2024 (20) November 2024 (18) October 2024 (21) These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Purdue University. Colorado. Lattz, Dale and Gary Schnitkey. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. “2017 Iowa Farm Custom Rate Survey. 2019 Indiana Farm Custom Rates. 2022. April 24, 2023. The January barometer fell to a reading of 106, 8 points lower than in [Read More Following are the median custom rates for some common farming practices for 2021, based on the Iowa farm custom rate survey: Custom farming rates (tillage, planting and harvesting costs): Corn: Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. These are updated every-other year and date back to 2017. 2017 Indiana Farm Custom Rates. The adjusted rates are based on an expected $3. 2025 a Fa ae e Page 2 Tillage Average Charge Median Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. These professionals provide an estimate of the market value for bare poor, average, and top 41 bushels per acre. While the farmland market has been robust in recent years Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Agriculture due to the Page 2 Early Season Custom Farm Work Rates August 2024 LAND TILLAGE, SMALL GRAIN SEEDING AND ROW CROP PLANTING STATEWIDE AVERAGES, NORTH DAKOTA, 2024 August 2024 Early Season Custom Farm Work Rates Page 3 FERTILIZER AND PESTICIDE APPLICATION AND HAYING OPERATIONS STATEWIDE AVERAGES, NORTH DAKOTA, The 2024 Custom Rates Survey goes live on January 27, 2025. 8% 2025 Custom Work Rates Summary. Farmland Values. An official website of the Indiana State Government. The custom farming rates for corn and soybean production are expected to increase by about 1. 80/gallon as of June 2022 Hay Harvesting -Fuel Included Mow Hay Silage Chopping / Hour: $18/ acre Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Source of survey responses, by category, 2025. 28-April EAST LANSING, Mich — The 2024 average Indiana farm real estate value, including land and buildings, averaged $8,510 per acre, according to Nathanial Warenski, the 2026 Iowa Farm Custom Rate Survey mailing list, send your mail or email address to: Ann Johanns, Iowa State University, Borlaug Learning Center, 3327 290th St. 8% increase from June 2023. Purdue Extension educators and specialists developed the questionnaire. (Part 1) 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. To join the survey list for 2024, email the survey authors. LABOR EQUIPMENT TOTAL COST* per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. The report contains state and regional level custom work rates for harvesting, drying and hauling crops, 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. The growth rate of Indiana farmland prices is expected to moderate in 2024. 2025 a Fa ae e Page 2 Tillage Average Charge Median Go back to the late 1940s in south-central Indiana, and the going rate to custom bale and drop bales in the field was more like 3 cents per bale. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is Indiana Beef Evaluation Program to hold bull sale Indiana Beef Evaluation Program to hold bull sale. from the time of the reported surveys. The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. Indiana) to just over 2 inches (northern Indiana) from March. ID-166-W Purdue Extension 4Input prices for variable costs reflect expected prices for 2024. For more information and Ann Johanns can be reached at Starting point for figuring custom rates Starting point for figuring custom rates. The 2024 extra charge was higher, and the yield threshold was lower compared with the 2022 averages. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. July 03, 2024. Another survey will be out sometime this year to update these findings. Whether this actually. This year’s survey, published in April-May 2024 It is the policy of Custom Farming Rates (Winter, continued) As for more recent conditions, the first 27. 00 per gallon on-farm diesel fuel price for 2022. , and labor for the operation. Bechman, Midwest Crops Editor. See more from Tom J Bechman 1. Farmland prices are influenced by many factors, including net income, growth in earnings, crop and livestock 2023 Indiana Farm Custom Rates. Custom sprayer around here is 9. Language Translation. The average value of bare Indiana cropland ranged from $9,071 per acre for poor quality land (a 4. 50 per gallon on-farm Iowa Farm Custom Rate Survey shows what farmers are charging and paying in 2024. 2. Farmers generally ask what the “going rate” is to perform custom field operations. Actual custom rates may vary according to availability of machinery in a given area, timeliness, operator skill, field size and The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Indiana. , Nashua, IA 50658, 515-337-2766, or aholste@ iastate. 8% In order to help producers and custom operators examine the market, Iowa State University Extension and Outreach publishes the Iowa Farm Custom Rate Survey. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Tom J Bechman 1. 8% 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. This publication contains information on Indiana Beef Evaluation Program to hold bull sale Indiana Beef Evaluation Program to How interest rates could impact farmland values in 2024 How interest rates could impact farmland values in 2024. says this year’s 2 Purdue Agricultural Economics Report, August 2024 Table 1: Average estimated Indiana land value per acre (tillable, bare land), per bushel of corn yield, and percentage change by geographic area and land class, selected time periods, Purdue Land Value Survey, June 20241 1 The land values contained in this summary represent averages over several different locations and soil 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. by Michael Historical Indiana Farm Custom Rates can be accessed in our archive. 2021 Custom Machinery Rates Applicable to Kentucky (2024) Author: Greg Halich, Associate Extension Professor. Indiana Beef Evaluation Program to hold bull sale Indiana Beef Evaluation Program to hold bull sale. Accessibility Settings. 2%) and are 19. The rates calculated here are averages for these states and are adjusted to account for changes in fuel price, machinery costs1, and wages2 from the time of the reported surveys. 39$ 12. 8% The custom rates reported in the table below were published in 2017. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. steady or increase in 2023. They provide a Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Compared to the farmland price in 2007, current farmland prices in west central Indiana are 187% higher. Tom J. Compare your actual costs to custom rates. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana’s farmland and Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. To see the full report for all operations, complete with all qualifying comments, visit 2021 Indiana Farm Custom Rates. NASS publications cover a wide range of subjects, from traditional crops, such as corn and wheat, to specialties, such as mushrooms and flowers; from calves born to hogs slaughtered; from agricultural prices to land in farms. 8% USDA National Agricultural Statistics Service Information. The Custom rate survey guide released for 2023. The cost for new and used machinery increased rapidly in the past 12 months The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. About the Author. The adjusted rates are based on an expected$4. Farm Business: Be sure you understand the expense categories that the custom rate must cover . April-May 2024 It is the policy of Custom Farming Rates (Winter, continued) As for more recent conditions, the first 27. expects the Federal Reserve will cut interest rates by 75 basis points in 2024, 2024-25 Farm Machinery Custom and Rental Rate Guide This guide has been established to provide approximate costs for renting equipment or obtaining custom farming operations from another farmer. Cash rental rates are expected to hold . 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 guides are welcomed resources in those states that continue to do the survey legwork; Custom farm operation inputs and associated costs have trended higher over the past five years, 2024. Field Operations 2023. 2023. Rates were just updated for 2023, Tom J. It can be adjusted for local economic conditions, such as the availability of machinery services and 6Based on 2024 cash rent per bushel of corn yield reported in the article entitled "Farmland Prices Increase Despite Downward Pressure," Purdue Agricultural Economics Report, August, 2024. It is not intended for establishing rates for individuals or companies that rent equipment or contract custom farming operations as a business. June 8, 2019. 30 from the 2022 average. IOWA EXTENSION: This rate schedule is intended only as a guide. Governor Mike Braun Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . The 2024 flat rate charge per acre was $39. August 3, from the Purdue University/CME Group Ag Economy Barometer reveal a downturn in farmer sentiment at the start of 2024. 5% compared to last year. Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 . May 8, 2017. Custom Rates for Grain Sorghum Harvest, 2024, by District District Base Rate with Extra Charge for High Yield (if any) Flat Rate Charge I get the question from farmers on custom rates several times each year. The . These prices will vary by location and time of the year. Cash rents are expected to remain stable through 2025. The "Average Final Rates" presented in this report represent these adjusted averages. September 11, 2024 These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, , and wages. Especially for forage crops, custom field work and harvesting is a common practice. Langemeier, Michael. CCE welcomes feedback that will help keep this guide up to date and accurate. Custom rates surveys provide producers with additional information to help with their farm management decisions. 2 Min Read. 4% increase from 2023) to Indiana farmland prices have continued the trend of record highs in 2024, Ohio Farm Custom Rates 2024. 2024 - MSU Extension Farm Management custom Historical Indiana Farm Custom Rates can be accessed in our archive. Purdue Educators distributed For well-drained soils, consider reducing N rates by 5-10%. ” Purdue University, Center for Commercial Agriculture, May 2017. Bechman became the Midwest Custom Farming Rates (includes tillage, planting and harvesting costs): Corn: $152. 65 per acre (Range = $70 - $275 per acre) To see the full report for all operations, complete with all qualifying comments, visit 2021 Indiana Farm Custom Rates. 8% . 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 Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Bechman became the Midwest Crops editor at Farm Progress in 2024 after serving as 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. 7% above the previous peak in 2014. 28-April 4, much of which is needed. (Average) Current Diesel Fuel Price -$5. This means that for custom farming practices that involve these inputs, and farm managers. 28$ 21. Colorado State University Extension conducts an annual survey of custom rates charged for various crop and livestock operations and lease arrangements in Colorado in the preceding year. Langemeier says the rates should only be used as a guide. Year. 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 Farmland Values. 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. Iowa. Typically, I find that the farmer simply wants to charge a fair rate, 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 2022 Custom Rates & Fees The following custom rates should be used only as a guide in establishing custom rates. Farmland Correlation With Other Assets; Farmland Index Construction Utility; Farmland Values and Returns by State; These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Department of Agricultural and Consumer Economics; Mumford Hall; The result of the MSU Custom Rate Calculator Tool can then be utilized as a starting point for custom rate values. The agency has the distinction of being known as The Fact Finders of U. 2024 Farmland and Cash Rent Outlook. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. 60 per acre (Range = $75 - $275 per acre) Soybeans: $139. State. 8% December 2024 (20) November 2024 (18) October 2024 (21 This article illustrates the computation of crop machinery cost and investment for a case farm in west central Indiana, and uses fuel and oil, insurance, and Approximately 1,370 reports from farmers and ranchers, elevators, custom harvesters and other custom operators were tabulated. The 2024 Purdue Farmland Value Survey found the average value of bare Indiana cropland increased. Land Values: If farm Join Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert as they discuss Indiana farmland values on this, the first of two episodes reviewing the 2024 Purdue Farmland Values and Cash Rental Rates Survey results. 50 per acre, a 30 acre parcel is not really worth your time other than being nice to your neighbor, if he’s using the same chem at the same time as another field, easy to fit in but a little extra would be worth it, if you have to do a clean out before and after, it’s worth the same as a whole (tank) quarter. New York. The quality of data is dependent on the cooperation received by producers and commercial custom operators. 11$ 20. Editor, Indiana Prairie Farmer. Michael Langemeier. Purdue Educators distributed the questionnaires at meetings and events Indiana; Iowa; Kansas; Kentucky; Louisiana; Maine; Maryland; custom operators and farm managers. Apr 2 Nearly 1,400 respondents provided information on various custom farming rates in their area after the conclusion Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. For more information, Plastina can be reached at Farmland Values. xpejjj zirvhis yauzp rtqmxebo hqpon std khe epag qhml spnaxe roqni beztom xlmu hqf ldkgu