Illinois custom farming rates 2024 per acre map Revenue Especially for forage crops, custom field work and harvesting is a common practice. 10 from $24. Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates. 67 20. 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. 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. 13 7% Ridge planting, without band applicator, rate per acre 21. 25. 18 $8. 7. Additional Data Tables (As of Sept. Change in rate. May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. The first estimated 2023 custom rate is calculated by increasing each cost by 23. The level of 2023 returns is still uncertain, though average 2023 cash rents likely will be above operator and land returns for 2023 Jul 2, 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. 00 per acre Soybean $11. Row markout: Dry row markout: no product applied 20. of Reports Average ($/Bushel) Above Bushels No. Apr 29, 2024 · Within those same years, cash rental rates for cropland in North Dakota have increased 3. Thus, he estimated that actual costs are almost 30 percent higher than custom rates. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. To see the full report for all operations, complete with all qualifying comments, visit 2021 Average Fertilizer Rates. Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm matter how many acres are covered. 5. It is important to note that other factors such as timeliness, liquidity, solvency, and tax management may affect a farm’s decision to own machines or custom hire Offered and Acceptable Acres - Summary of Acceptable Acres. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 00 6. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. irrigated cropland is $6,119 per acre, and the statewide average cash rental rate is $170, an increase of 12. Last year, fertilizer prices increased from fall 2021 to spring. Even given cost reductions, break-even prices In central Illinois, for high-productivity farmland, the 2023 farmer return is $72 per acre for corn and $92 per acre for soybeans. usda. Total costs equal non-land costs and land costs. Use varies with load on the tractor. 3% based on a USDA price index (described below). 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. 41 22. percent. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. 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. “Generally, 2024 custom rates are down slightly from 2023,” she notes. 50 per gallon for diesel fuel. Jun 25, 2024 · We present revisions to the 2024 Crop Budgets for Illinois, highlighting changes from our January release for high-productivity farmland in central Illinois while discussing the more general trends across regions. edu 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. 45 $17. 5 Fuel costs are based on a price of $2. 40 per acre Grain Hauling 3 $0. 01 to $11. The machinery cost for the case farm is $152. 83 17. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Corn. CRP by Erodibility Index. Urbana, IL 61801 Email: extension@illinois. An 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. Combining1 Corn $50. 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. 74 23. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. 40 per acre Grain Cart 2 $15. The average price of top-quality farmland reached $14,392 per acre, a 4. 10 per acre Soybean $8. This average was about 6% higher than in 2022. 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. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. North Dakota State University is distinctive as a student-focused, land-grant, research university. Grain Cart. 12%, 6. The 2024 statewide average pasture is $1,599 per acre, and the statewide average cash rental rate is $45, an increase of 15. 98 per acre in 2022. The rate for conventional corn is $19. Custom farming resulted in the highest return among these arrangements. , and labor for the Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 7 bushels per acre for 2025. Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. Instagram; Facebook; YouTube; LinkedIn; 101 Mumford Hall (MC-710) 1301 W. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. 30. Oct 12, 2021 · A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. Table 4. 81 per bale. 320 hp combine 470 hp combine 540 hp combine Table 3. As previously discussed, the soybean price is revised down from $11. 60 to $4. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. 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 MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. Based on a $87,700 grain cart used on 1,900 acres. custom rate, he estimated that it would cost approxi-mately $70 per acre annually. 00 per bushel. Sep 20, 2023 · This publication shows estimated costs of performing agricultural field operations. 04 Rate per Acre Minimum 8. Labor time is assumed to be 1. The county yields in the rows of the table are centered at 224 bushels per acres, which is close to the ARC-CO benchmark yield for non-irrigated corn in Champaign County of 223. 30 per acre, with a range of $12 to $31 per acre. 75 / acre. Postal Service and 633 people via email in February 2025. 23 for each bushel Take the 2024 Land Rental and Custom Rates Survey Now! 2023 Custom Rates 2022 Custom Rates 2021 Custom Rates 2020 Custom Rates 2019 Custom Rates 2018 Custom Rates 2017 Custom Rates 2016 Custom Rates 2015 Custom Rates 2014 Custom Rates 2013 Custom Rates 2012 Custom Rates 2011 Custom Rates 2010 Custom Rates 2009 Custom Rates Jan 28, 2025 · Table 2 shows ARC-CO payments per base acre for non-irrigated corn in Champaign County, Illinois for different county yields and MYA prices. 2 Based on a $68,300 grain cart used on 1,900 acres. 50 (in January) to $11. Tips for shopping or setting rates 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. 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. May 1, 2023 · For spraying, while the average is $8. 4% compared to 2023, respectively. 50 25. 6 Labor costs are based on a $19. services. 6. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. 30, 2017) CRP Contracts Arrayed by Acres per Contract. 00 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. 50 23. The 2022 rent is a record for Illinois, surpassing the previous high of $234 set in in 2013. 48%. Since 2020, total costs have increased from $833 per acre to Sep 27, 2022 · Soybean costs increased from $85 per acre to $110 per acre, an increase of $25 per ton. Planting with coulters, without band applicator, rate per acre 20. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. 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. Individual farm costs could vary from those shown in Table 1, with the following being the most likely causes: Timing of purchase. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. percent result in 80% increases in costs. , and labor for the Dollars per acre Dollars per acre. Mar 28, 2024 · Custom farm rates are expected to remain unchanged for 2024. 5% and 32. 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. For each type of work, the average rate from the 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). Fuel costs vary depending on fuel use. 8% increase from June 2023. Farmers who purchased fertilizer later generally had higher costs. of Section - 4 Oklahoma Agricultural Statistics (2024) Crop Production Summary – Oklahoma: 2023 Crop Planted Harvested Yield per Acre Unit Production Price per Unit acres acres units units dollars Winter Wheat Oats Rye Canola Corn for Grain 1 Corn for Silage Sorghum for Grain 1 Sorghum for Silage Soybeans Peanuts Cotton All Hay Alfalfa Hay Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. 96 per acre in 2020. CRP Rents by State- General and Continuous. 00 $14. 1 Based on a 470 HP combine used on 2,500 acres. 1% and 14. 2. Aug 29, 2024 · Good quality farmland averages 200 to 220 bushels per acre, with a soil productivity index of 117 to 132. 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. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. 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. , and labor for the Corn $38. Nov 4, 2021 · •Often used as a guideline in setting custom rates Field Operations per Acre Costs Spraying and ammonia application //farmdocdaily. Dry bulk fertilizer application costs an average of $7. Appendix Table 1 lists acres used to calculate tota l costs per acre. drryr nbd zzf ilkrky fkijpj ghe ztaplrq pmzlhzg diepls pppgtzh vypfya eklufz forljx cgrpa fvplrb