Illinois custom farming rates 2024 per acre 2021. Average Fertilizer Rates.

Illinois custom farming rates 2024 per acre 2021 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. 50 (in January) to $11. Has the rate changed over time? Yes. The 2018 survey is the most recent survey prior to 2021. But in 2021, there were only three responses, and the average was $40 per acre. 4% and 10. Consistent with these return expectations, professional farm May 2, 2023 · For example, the rate for combining and binning corn held steady from 2017 to 2021, at $35. As previously discussed, the soybean price is revised down from $11. 5 Since 1975 Alberta Agriculture & Rural Development has annually surveyed custom rates and rental rates to provide information to farmers and custom operators. This is up a tick from 2023, which had an average rate of $7. 2017 Indiana Farm Custom Rates. 200 bushels per acre x $5 x 36% = $360 per acre cash rent; Soybean Example Sep 20, 2023 · Illinois Farm Management Handbook. is recommended that you use your records to derive your costs. 00 25. Labor has also become both a limiting and higher cost expense. 25 $11. Crop machinery investment per acre for the case farm was $458. 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. Total non-land costs for corn are projected at $677 per acre, up by $70 per acre from the 2021 level of $607 per acre. 10 7. 80 0. Ohio Farm Custom Rates . Related: Purdue releases 2023 custom rates for planting, tillage Oct 12, 2021 · Between 2019 and 2021, the list price on a 310 HP tractor increased by 9. 20 20. The provincial average 2018 rates are also listed where available. 50 The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2021 at $227 per acre, up by $5 per acre from the 2020 level of $222 per acre (see Figure 1). Fuel costs vary depending on fuel use. The total machinery cost per acre ($9. 2019 Indiana Farm Custom Rates. 5 Fuel costs are based on a price of $2. 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. FBFM field staff provides on-farm counsel with computerized recordkeeping, farm financial management, business entity planning and income tax management. 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. 00 per acre Grain Hauling 3 $0. 23 for each bushel use published custom rate surveys. 00 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. After consideration, the landowner offers a 38% factor or estimate of generated farm revenue, and the farmer counters with 35%. 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. Then, operator and land returns were relatively low from 2013 to 2019. , and labor for the Nov 21, 2023 · Check grain bins. 36 or 0. 11 Tiling (excluding cost of tile) ¢ / per foot 14 97 Jul 24, 2023 · Following the results of OMAFRA's Custom Rates Survey, OPACA polled 20 of their members in early 2023 and compared current custom rates with OMAFRA's report. Seed costs per acre have increased more consistently over time, with the most rapid growth occurring from 2007 to 2013. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 7 May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. Sep 20, 2023 · Illinois Farm Management Handbook. A farm with $800 in machinery investment and average useful life for their machinery and buildings of 10 years would have machinery ownership cost of $103. 75 Source: Iowa State University Extension and Outreach, Iowa Farm Custom Rate Surveys, FM 1698. This marginally improves projected corn returns, while projected soybean Aug 29, 2017 · Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. Harvesting and hauling Nov 4, 2021 · •Often used as a guideline in setting custom rates and 2021 Conventional Planter in $ per acre. 1 times the tractor hour resulting in a 10% higher cost per tractor hour. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. 70 per acre Soybean $44. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. May 23, 2023 · From 2020 to 2022, average FBFM cash rents increased by $79 per acre. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. Still, overhead costs increased from $122. per acre 192 bushels per acre 211 bushels per acre Your Fixed Variable Fixed Variable Fixed Variable Estimate Preharvest Machinery 1/ $41. 65 139. To get the range of expected cash rents for this farm: 242 (APH) X $4 (fall 2025 average corn price) X 0. 21 per bushel) higher than costs in 2021. "Complete Total costs per acre for soybeans increased in Illinois when compared to 2023. Corn: $150. 66 per bushel for corn and $11. There will be great diversity in cash rent increases across farms. 00 per acre Soybean $11. 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. 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. 70 per acre, nearly $3 per acre below the custom rate average and median. Twenty percent of the respondents perform custom work, 16% 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). Fuel Broadcast Seeding $16 - $20 "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. Cash rent per acre in 2024 is expected to . ) is then divided by the work rate (acre/hr. The 2023 rent is another new record for Illinois, after the average in 2022 surpassed the previous high of $234 set in in 2013. Even given cost reductions, break-even prices 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. Aug 18, 2020 · A 21-foot chisel plow used on 882 acres has a cost of $16. (Google custom farm rates for other examples. Table 4. 20 18. 80 $4. In addition to the MSU numbers, Ohio State University has updated their bi-annual survey for farm custom rates for 2022, the University of Illinois has a machinery cost estimates for 2021 and Purdue has a 2021 Indiana farm custom rates available. 15 and $35. Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. 50 per gallon for diesel fuel. Farmers can expect that contracting rates would be 25 per cent higher than OMAFRA's values. 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. Rotation Corn in Indiana. 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. Units Seed, $3. 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. Higher costs raise breakeven prices, the price required to cover costs. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and Jun 25, 2024 · The 2024 figures are our revised crop budget projections. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. Non-land costs are projected to be even higher for 2023, with a projected return to the $800 range for 2024 with the decline being driven mainly by expectations for lower fertilizer costs. 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 North Dakota State University is distinctive as a student-focused, land-grant, research university. 20 $27. 30 17. 60 19. 00 for Iowa, 2014. , and labor for the 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 Custom rates cover the cost of machinery, fuel, labor and, occasionally, a product such as lime or bale wrap. The cost to mow hay ranged from $8 to $15 per acre. 50 19. iastate. 20 an acre and heavy or offset disking costs an average of $18. 50. 21 ft 205 47,440 12. If you are interested in Mar 20, 2023 · Combining corn shows an average of $41. 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. 40 per acre Grain Hauling 3 $0. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. Purdue Extension educators and specialists developed the questionnaire. Average Fertilizer Rates. he rates reported in this guide summarize . 00 per acre, while a 27-foot chisel plow used on 1,134 acres has nearly the same cost at $15. 5% in 2019 to 4. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. In 2023, total costs are projected at $1,161 per acre, up from the $1,054 level in 2022. This average was about 6% higher than in 2022. 39 23. 85 per bushel for corn and $10. 6 882 197. 6. 10 per acre Soybean $8. The machinery cost for the case farm is $152. 40 in 2019 and 2021 https://farmdocdaily. $130 per acre (range: $75-$240 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. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. Costs include overhead (depreciation, interest, insurance, housing and repairs), fuel and labor. 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. As for fertilizer rates, dry bulk fertilizer averaged $7. Postal Service and 633 people via email in February 2025. Based on a $87,700 grain cart used on 1,900 acres. 45 19. 00 per acre (Range = $75 - $280 per acre) Soybeans: $140. If we examine these crops separately, the machinery cost per acre in 2023 would be $186 for corn and $116 for soybeans. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Based on the table, the average rate for planting no-till corn is $21. 1% from $410,256 in 2019 to $447,479 in 2021. 19 per acre. 20 an acre. 65 18. They are not to be interpreted as the rates you must charge or pay. 30 2. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. 81 per 1,000 kernels 28,000 $106. Fuel Small grain no-till $27/ acre - Inc. bushels per acre higher in 2021 compared to 2020. 40 $11. Custom Rates estimates are useful for determining custom rates and for analyzing machinery costs on farms. 81 per bale. 10 per acre. 20 1. illinois. 65 83. Survey results of rates charged in 2021 by 210 Ontario custom farm work operators are summarized on a provincial basis and by 6 smaller regional areas. As in past years, there are states that have updated their rate guides since a year ago. This table list costs for two types of harvesters: 1. Herbicide and seed costs are expected to be similar to Mar 23, 2023 · Custom planting ranges from $12. 00 181 90. 62 per bushel at a 60 bushel yield. FBFM average cash rents are not available for 2023. Most farm managers expect 2024 cash rents to remain the same or decline from 2023 levels. 50 Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. “Excellent and good-quality farmland experienced a 5 percent decline. 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. 6 882 268. 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. 0 points. More operations are highlighted in other articles. 40 (rent factor) = $348 to $387 per acre cash rent range Costs per bale tend to be more stable for level of production than are costs on a per acre basis. Row markout: Dry row markout: no product applied 20. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 00 - 7. 90 per acre APRIL 2021 2021 Indiana Farm Custom Rates Combine Only $/acre 41 29. Table 2 shows estimated costs in 2017 and 2019 for several different tractors sizes, combining corn and soybeans, a field cultivator, and a conventional planter. Sep 11, 2024 · What are the Solar Land Lease Rates in Illinois? Solar land lease rates in Illinois vary significantly depending on a range of factors, but on average, landowners can expect to earn between $300 and $2,000 per acre annually. Of course, many states no longer do custom rate surveys. 5 Operating Costs 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. It . 50 5. Here are some examples. ) Mowing CRP or pasture, $/ acre average = 16. 00-25. 15 range 10. Holly Spangler Corn $38. Mar 28, 2024 · Custom Farming Rates (includes tillage, planting and harvesting costs):. 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 Apr 3, 2024 · The owner has determined the average yield on the farm is 200 bushels per acre. 35 million acres averaging $149. customer to the custom work provider. Table 1 shows historical prices for select operations. As noted above, the $151 per acre figure represents an average for corn and soybeans. The level of 2023 returns is still uncertain, though average 2023 cash rents likely will be above operator and land returns for 2023 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. 5 31 2016 ALABAMA ELMORE 18. From 2007 to 2013, the average bonus payment was $59 per acre. Higher returns in 2021 likely will lead to debt retirement, causing lower debt levels in 2022 with steady interest rates. Tandem disking costs an average of $16. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. Corn. 28 per bale. Below are the calculations. 7 Sep 17, 2021 · CUSTOM FARMING: Looking at arranging custom farming on your operation? Check out the baseline prices on custom rates from 2019. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. Assumptions for the computed harvest include 1. 65 21. If it occurs, the $25 per acre increase will be the second-highest, only exceeded by a $33 per acre increase in cash rents between 2010 and 1011. 98 per acre in 2022. 65 Machinery operating wage, per hour 3. 4 million acres since early 2021 -- with an average national rental rate of $57. 00 26. 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). $14. edu Sep 11, 2024 · It has an APH of 242 bushels per acre for corn. 7 percent higher than the 2021 average of Total costs per acre mostly decreased in Illinois when compared to 2019. A 40-foot chisel plow used on 1,680 acres has a cost of $11. 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. 30 per bushel while the soybean price has been reduced to $10. This range reflects differences in location, proximity to power grids, and land quality. , and labor for the Vertical tillage averages $19. Revenue Mar 25, 2024 · The 2024 custom farming rates for corn and soybean production are also expected to remain steady compared to a year earlier, following an increase of nearly 20 percent in the previous five years in their farm business or perform custom work for others. Average cash rent levels decreased slightly from 2023 to 2024 for all land productivity classes. 7 million acres -- down 5. The average flat rate in 2024 for harvesting wheat was $31. 00 per acre 2 $20. Oct 21, 2024 · General enrollment only accounts for 7. 21 ft. 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. This unit's list price is Sep 28, 2021 · Landowners could pay farmers per field operation performed or pay a set fee for all field operations, including harvest. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. This publication presents a summary of custom work and rental rates. 5. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. 33 per bushel), which is similar to the 2023 cash rent per acre. 00 117. 25 per acre applied. Michigan’s most recent custom farming rates report was released in December. MSU Custom Work Rates Report. The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. 25 4 20. 90 per acre, an increase of 12. Labor time Indiana Cropland Cash Rental Rates 2024 Indiana Survey Results, State Averages by Land Quality Land Quality Yield (Bu/Ac) 2023 Value ($/A) 2024 Value ($/A) Percent Change Sep 21, 2022 · • Grain hauling: farm to market (25 miles) 21 cents per bushel. Jul 31, 2024 · Per acre bonus payments for the flex cash lease arrangement are illustrated in Figure 1. Dollars per acre Dollars per acre. While many farmers do custom jobs for their neighbours, it can be difficult to know what to charge. The lower costs predominately come from fertilizer price reductions. 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. Use varies with load on the tractor. Oct 29, 2021 · The low profit group had an average machinery cost per acre of $165 or 23. During the 2007 to 2024 period, bonus payments were incurred in 10 years. Farmers who purchased fertilizer later generally had higher costs. 75 to $15. 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). The 2022 rent is a record for Illinois, surpassing the previous high of $234 set in in 2013. 6 Labor costs are based on a $19. In contrast, the high profit group had an average crop machinery cost of $120 per acre or 10. 23. Cash Rents in 2024. 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 18, 2024 · Corn and Soybean Budgets, Jan 2024 Northern Illinois 2022 2023P 2024P Yield per acre 230 215 221 Price per bu $6. In Iowa, the current rate for performing all field operations is $127 per acre for corn and $115 per acre for soybeans (see 2021 Iowa Farm Custom Rate Survey). University of Illinois will publish 2021 machinery cost estimates at the end of September. Breakeven prices to cover total costs (both non-land and land costs) are now included in budgets (see Table 1). 00 20. 10 115. 40 18. Average rates. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm Custom farming, soybeans, per acre 50. 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. Similarly, ISPFMRA rents rose from $183 per acre in 2007 to $396 in 2013. The cost of combining soybeans ranged from $22 to $46 per acre, with an average of $34. Sep 1, 2020 · The economic cost of harvesting soybeans is $32. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm Jan 9, 2024 · Non-land costs in central Illinois have increased from an average of around $600 per acre from 2014 to 2021 to more than $800 in 2022. For each type of work, the average rate from the 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%. 00-30. 00 per hour labor charge. Between 2020 and 2024, average cash rents in Illinois Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Sep 27, 2022 · Soybean costs increased from $85 per acre to $110 per acre, an increase of $25 per ton. 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. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 7. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. A pull-type forage harvester with a 3-row, 30-inch head for harvesting corn. Average Nov 5, 2021 · As noted in a recent article (Langemeier, 2021), the average crop machinery cost per acre for corn and soybeans in 2020 was $115 per acre. Aug 30, 2023 · In the meantime, 63 percent expect interest rates will continue climbing from . 2. 80 $14. An average rate is given when there are at least three Ohio rates. 23 for each bushel 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. 60 per acre. Break-even prices to cover non-land and total costs in 2024 are reported towards the bottom of Table 1. 30 35,000 $133. Ohio State Extension recommends growers calculate their own costs before determining the custom rate to charge or pay. 00 - 28. Total costs are projected to surpass $1,200 per acre for 2023 and decline back to 2022 levels for 2024. 75 $11. 20. Modest positive returns to farm operators are projected under a share rent agreement for both years ($29/acre for 2023 and $36/acre for 2024), compared with the negative returns to farm operators projected under the fixed cash and variable cash cash rents increased from $166 per acre in 2007 to $290 per acre in 2013. 00 65. Similarly, ISPFMRA rents increased from $305 in 2020 to $369 per acre in 2022, an increase of $64 per acre. economics departments conduct periodic surveys of farmers to the determine the rates they pay/receive for custom work. 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. 78 in the new survey. Overall, relatively few acres are controlled by custom farming. 40 $12. 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). 40 $ Seed, Chemical, etc. 65 per acre (Range = $70 - $275 per acre) Apr 22, 2021 · Average 2021 farm custom rates for some typical tillage, planting and harvesting practices, as well as custom farming rates, are listed in the table below. 00 70. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Fertilizer costs experienced large increases and volatility from 2007 to 2012, and then declined and plateaued from 2013 to 2020. 60, and would obviously have a machinery cost per 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. edu 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). Combining1 Corn $50. 35 $ Nitrogen, $0. 60 125. 40 per acre Grain Cart 2 $15. 1 Based on a 470 HP combine used on 2,500 acres. extension. 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. 00 Row markout with one product: 0-30 gal. Combining corn shows an average of $41. Last year, fertilizer prices increased from fall 2021 to spring. Budgets are prepared to include all revenue and all financial non-land costs. The summary information included in this publication is based on the responses of 333 farmers 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. 30 per acre and combining soybeans averages $39. Table C. “Generally, 2024 custom rates are down slightly from 2023,” she notes. The responsiveness of the share lease to returns is highlighted by projections for 2023 and 2024. The list price increase will also increase costs but is countered by a decline in interest rates from 5. The hourly rate ($/hr. 10 per acre for soybeans, or $0. 80 18. University of Illinois June 2024 This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. 25. Experience is the best guide to help budget machinery costs. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors May 1, 2023 · Note that for spreading manure, there are seven responses and a charge of just over $15 per acre. custom rates. Custom farming resulted in the highest return among these arrangements. 80 15. Latest Email; Upcoming Programs; Faculty The 2024 figures are our revised crop budget projections. Central Illinois is further divided into categories for high-productivity farmland and low-productivity farmland. Check the column for average rates from the same Purdue custom rates survey for 2017. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. 8% increase from June 2023. expected to be $39 per acre ($0. 40 $4. 00 per bushel for soybeans. Bonus payments ranged from $0 to $137 per acre, and averaged $36 over the 2007 to 2024 period. 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. 00 per acre (Range = $71 - $280 per acre) Tillage extra per bushel of wheat for yields greater than 27 bushels per acre. The $/acre rate is often used because it fixes the renter’s cost and allows the owner/ operator to adjust the operation to the conditions. These rates are only intended as a guide. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. 67 35. Most corn and soybean producers across the Midwest completed the 2023 harvest season somewhat early and may now need to pay close attention to grain that is stored in on-farm . Surveys were mailed/emailed to past respondents and distributed at various Extension programs through the winter of 2024. 70 per bale, with large round bales coming in at $13. Mar 31, 2021 · Compared to last year, most custom rates saw a decline except for the cost of farm labor. 70 16. 60 per acre (Range = $75 - $275 per acre) Soybeans: $139. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. 00 21. 19 per bushel at a 200 bushel yield, and $37. 60 to $4. 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. Aug 6, 2019 · An $18 per hour rate was used in 2017 compared to $19 per hour rate in 2019. Change in rate. From 2021 to 2023 projections, total costs have increased from $900 per acre to $1,161 per acre, an increase of $261 per acre. 60 2. Tips for shopping or setting rates 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 May 1, 2024 · Each added bushel needs to be harvested and transported. 70 1. 50 193 96. Purdue Educators distributed services. 56 per bushel for 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. Management Nov 21, 2005 · Several land-grant ag. Communication. 50 per pound 168 84. A third of respondents expect stable interest rates. 50 18. The rates 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. 99 per acre, or about $22 per acre. , and labor for the 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. 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. 25 percentage points to over 1. 2 percent higher than the average machinery cost. 14 per bu. usda. 70 0. This publication reports custom rates based on a statewide survey. 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. 20 7. The rental rate for dryland corn and soybeans was $163 per acre in 2024, up nearly 2% from the same fields in 2023 and up 11% since the 2021 Missouri Cash Rental Rate University of Illinois Extension provides equal opportunities in programs and employment. The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2023 at $259 per acre, up by $16 per acre from the 2022 level of $243 per acre (see Figure 1). ) to calculate a cost per acre rate. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. 80 $12. Total costs equal non-land costs and land costs. Break-even prices to cover all costs, including cash rent for farmland, range from $4. 90 $12. 95 per acre, an increase of $3. Revised April 2024 Historical Iowa Farm Custom Rate Survey Averages Tillage 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Chopping cornstalks / acre $13. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. 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. 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. Individual farm costs could vary from those shown in Table 1, with the following being the most likely causes: Timing of purchase. Harvesting Forages as Silage Costs per acre for silage harvesting are shown in Table 4. 10 per bu. 4. Large increases were again experienced from 2021 to 2023, with a decline projected for 2024. Average Illinois Farm Real Estate Value The average Illinois farm real estate values from 1970 through 2022 are listed in Table 1 and graphically in Figure 1. 75 / acre. " professional field staff, is a not-for-profit organization available to all farm operators in Illinois. 00 per bushel. 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. Updated April 14, 2023; Farmland Leasing. This includes the value of all land and buildings. The average rate for baling medium large round bales is $12. 70 6. 60). Costs increased $72 per acre in northern Illinois, $56 per acre in central Illinois with the the result by the estimated annual hours of use. 4 %âãÏÓ 101 0 obj > endobj 121 0 obj >/Filter/FlateDecode/ID[973BC359063F1790B9544335EF3265CF>]/Index[101 48]/Info 100 0 R/Length 99/Prev 185483/Root 102 0 Mar 22, 2023 · Combining corn shows an average of $41. Mar 28, 2023 · Custom Farming Rates (includes tillage, planting and harvesting costs): Corn: $152. 25 per acre. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. ). County yields for ARC-CO are not released until February for fall-harvested crops. 90 Moldboard plowing / acre 18. 85 $11. 50 to $45 per acre, depending on the type of planter and setup. nass. 97 from $27. 205 64,286 12. 2 Based on a $68,300 grain cart used on 1,900 acres. Dec 13, 2024 · Assessing 2024 ARC-CO (Agricultural Risk Coverage – County) Program Payments. Liquid application ranged from $7. Based on recent futures market activity, the 2025 corn price has been increased to $4. Labor time is assumed to be 1. 40 21. Twenty percent of the respondents perform custom work, 16% 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). The 2025 MSU Custom Work Rates Report covers a wide number of basic field machine Dec 7, 2021 · Cash rents in 2022 are projected to average $309 per acre, an increase of $25 per acre from the 2021 level of $284 per acre. The figure was 12. 50 Gross revenue $1,474 $1,038 $995 Total direct costs $533 $547 $494 Total power costs $180 $201 $201 Total overhead costs $108 $112 $121 Total non-land costs $821 $860 $816 Operator and land return $653 $178 $179 %PDF-1. 7%, respectively. 30 per acre, with a range of $12 to $31 per acre. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 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. The continuous enrollment programs -- CREP, non-CREP and Wetlands -- now make up 8. Variable Cost, Overhead Cost, and Gross Revenue per Acre . 20 11. The Ontario average custom rates are allocated across the six machinery-related expenses. Using the Ohio State University custom rates for 2022 (Ward, Barker, and Richer), harvest cost is $38. Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. Others rent machinery or perform other services. Grain Cart. 60 per acre for corn, or $0. Changes in costs per bushel ranged from 23 cents lower in southern Illinois to 14 cents higher in northern Illinois. S. These per hour charges are appropriate for calculating rental costs when the person renting the tractor provides fuel and labor. 00 30. The cost of combining corn ranged from $22 to $45 per acre, with an average of $35. 5 38. Average FBFM cash rents decreased from $293 per acre in 2014 to $267 in 2016 before rising slightly to $274 in 2017 and $275 per 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. The average of the 2025 fall corn delivery price to the local elevator is $4. That’s just under a 20% increase in two years. 90 per acre. 1 percent lower than the average machinery cost. ISPFMRA rents increased from $369 per acre to $412, an increase of $43 per acre. 66 per acre, respectively; then it jumped to $41. “The average just isn’t as reliable when you have very few responses,” Langemeier says. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. Total costs per acre for soybeans increased in Illinois when compared to 2020. 5% in 2021. 01 to $11. 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 Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. 68 30,000 $114. The costs to produce corn and soybeans in 2023 across all Illinois regions are discussed in more detail in the farmdoc Jul 27, 2021 · On corn, for example, interest costs are projected to decline from $14 per acre to $12 per acre. The 2021 rent is the third highest since 1970, below the all-time high of $234 per acre set in 2013 and $228 per acre rent 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. For more information, please contact the State FBFM Office located at the University of Aug 28, 2024 · He reports that respondents expect sales of the 2024 crop to average $3. To see the full report for all operations, complete with all qualifying comments, visit 2021 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. 90 per acre, while a 47-foot chisel plow used on 1,974 acres has nearly the same cost at $12. COMMUNICATION. , and labor for the 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. The average price of top-quality farmland reached $14,392 per acre, a 4. 70 + 1,000 x $35. The average farm real estate value for Illinois in 2022 was $8,900 per acre. Fuel $30 No Till Corn $35/ acre - Inc. If your machinery cost per acre is relatively high, then a farm should consider using a Mar 29, 2022 · Based on the Iowa State data, average custom rates for tillage, planting and harvest operations in 2022 are expected to increase by about 7% compared to the rates for similar operations in 2021 Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. 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. Custom Rates for Farm Services in Missouri T. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. 2021 Indiana Farm Custom Rates. be $253 per acre ($1. 30 9. 50 2 23. Since 2020, total costs have increased from $833 per acre to Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 30. 90 $11. The rate for conventional corn is $19. Survey participants expected continued lower prices for commodities for 2024 production compared to 2021, 2022, and 2023. 50 per acre Soybean $33. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. They reach an agreement at 36%. 90 per acre to $126. mphcb yawzs meggb emgjrv wbvja cmkqn sxfwjcq afcwv feklvsc prz kwzcob rytl crwo wnrpsh hfaki