Illinois custom farming rates 2024 per acre map. 6 Labor costs are based on a $19.

Illinois custom farming rates 2024 per acre map 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. Harvesting and hauling 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. The average rate for baling medium large round bales is $12. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. 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. Indiana per acre cash rent for top quality land increased by 2. Cash Rents in 2024. of Reports Range Average No. Central Illinois is further divided into categories for high-productivity farmland and low-productivity farmland. Compare your actual costs to custom rates. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. Similarly, ISPFMRA rents increased from $305 in 2020 to $369 per acre in 2022, an increase of $64 per acre. 00 25. 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. The average price of top-quality farmland reached $14,392 per acre, a 4. 320 hp combine 470 hp combine 540 hp combine Table 3. 5 Fuel costs are based on a price of $2. The 2023 rent is another new record for Illinois, after the average in 2022 surpassed the previous high of $234 set in in 2013. Part II of the custom rates survey included questions about fall operations such as harvesting, hauling grain and livestock, as well as miscellaneous custom work activities on the farm. Appendix Table 1 lists acres used to calculate total costs per acre. 77 12% Ridge planting, with band applicator, rate per acre 23. 25. Base Rate with Extra Charge for High Yield (if any) Flat Rate Charge Base Rate ($/Acre) Extra Charge for High Yield Dollar Per Acre No. 00 20. 50 23. 70 per acre creating a rent-to-value ratio of 2. Break-even prices to cover non-land and total costs in 2024 are reported towards the bottom of Table 1. University of Illinois will publish 2021 machinery cost estimates at the end of September. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 7%, respectively. On average, acreage decreases of 50 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. Breakeven prices to cover variable and total cost are computed for each crop. Row markout: Dry row markout: no product applied 20. Intensively managed pasture, which is estimated to support a cow-calf pair on less than 2. Average Illinois cash rents have increased by 21% since 2020 after a period of relative stability from 2015 to 2020 (see farmdoc daily article from September 3, 2024 ). Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. id166_2025 - february 2025 Sep 27, 2022 · Soybean costs increased from $85 per acre to $110 per acre, an increase of $25 per ton. , and labor for the Apr 2, 2024 · The price drops to an average of $24. of Oct 25, 2024 · The projected rate for 2024 is $319/acre, and returns are projected at -$67/acre. The costs of side delivery and wheeled rakes are based on covering 570 acres and 630 acres per year Sep 24, 2023 · So what would a good combination price between Harvest And the use of the grain cart per acre? Custom farming - DLB : 9/24/2023 13:54 RE: Custom farming - ahay68979 : 9/24/2023 14:06 Nov 7, 2017 · Results from the Illinois Society survey suggest that cash rents may decline slightly from 2023 to 2024. Most of the rates are stated per acre, cwt. 00 per acre (Range = $75 - $280 per acre) Soybeans: $140. Liquid spraying costs $7. 5 Mar 23, 2023 · Custom planting ranges from $12. 10 from $24. 00 21. The machinery cost for the case farm is $152. , and labor for the Aug 29, 2017 · The total machinery cost per acre ($9. Sioux (sue) County is in northwest Iowa. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Twenty percent of the respondents perform custom work, 16% Nov 26, 2024 · The average cash rent in Illinois was $269 per acre in 2024, an increase of $10 per acre (3. percent result in 80% increases in costs. Dollars per acre Dollars per acre. Few responses. of Reports Average ($/Bushel) Above Bushels No. Change in rate. Trend yield projections for corn in 2025 are 228 bushels per acre in northern Illinois, 236 (high- Nov 21, 2023 · Check grain bins. 00 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. Fair quality farmland averages below 180 bushels per acre, with a soil productivity index under 100. 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 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. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. The summary information included in this publication is based on the responses of 333 farmers 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. 30. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. Jul 26, 2024 · Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). Clover/Alfalfa Acre 22. matter how many acres are covered. 00-30. The Cost Study is from the perspective of a commercial custom farm operation. This marginally improves projected corn returns, while projected soybean 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. Most custom rates saw an increase of 10-15%. Title: SKM_C300i23041714050 Created Date: 4/17/2023 2:05:50 PM May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. Mar 12, 2025 · Illinois Farm Management Handbook. Experience is the best guide to help budget machinery costs. 02 to $10 per acre. Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. " $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). Feb 10, 2025 · A user can evaluate up to three full-season crops, and the wheat double-crop soybean system. 28 per bale. %PDF-1. Between 2020 and 2024, average cash rents in Illinois increased by $47 per acre. 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. 40 per acre Grain Hauling 3 $0. 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. 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. 71% in 2022, 2023 and 2024, respectively. The report also surveyed farm managers in Illinois on their expectations for cash rent rates for the 2025 growing year. Note that for spreading manure, there are seven responses and a charge of just over $15 per acre. The lower costs predominately come from fertilizer price reductions. 56 per bushel for 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: $36. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. 67 20. 90 per acre to $78. 01 per acre, the range is from $6. 50 25. The 2022 rent is a record for Illinois, surpassing the previous high of $234 set in in 2013. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. More operations are highlighted in other articles. 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 Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. The average flat rate in 2024 for harvesting wheat was $31. is recommended that you use your records to derive your costs. Gregory Dr. February 4, 2007 Find local businesses, view maps and get driving directions in Google Maps. is often referred to as “custom farm work” or more simply, “custom work”. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. However, ten Illinois counties have average cash rents above Iowa’s highest county-wide rate of $323. 23 for each bushel Nov 4, 2021 · •Often used as a guideline in setting custom rates Field Operations per Acre Costs Spraying and ammonia application //farmdocdaily. 20 per acre without attachments and increases to an average of $27 per acre for planting with a high-speed planter. 23 for each bushel 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. 58. Even given cost reductions, break-even prices upward pressure on cash rental rates, as farm operators will have additional revenues to allocate to labor, investment, and land. Combining corn shows an average of $41. 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 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. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 calculated by inflating the 2020 custom rates using two different inflation indexes. 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. This average was about 6% higher than in 2022. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. As in past years, there are states that have updated their rate guides since a year ago. 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. 98 per acre in 2022. 00 per acre 2 $20. Purdue Educators distributed Planting with coulters, without band applicator, rate per acre 20. 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. This is up a tick from 2023, which had an average rate of $7. If you are interested in Vertical tillage averages $19. Download 2024 Custom Rates Report 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. 70 per acre, nearly $3 per acre below the custom rate average and median. 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. Labor time cost per acre was $9. , and labor for the Aug 29, 2024 · Illinois, again, is at $269. Average Fertilizer Rates. Holly Spangler "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. Discover farmland values, soil productivity, crop mix, and parcel ownership. , and labor for the Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 63 47. Last year, fertilizer prices increased from fall 2021 to spring. Oct 18, 2024 · The average rate for good productivity land in 2024 was $340, $13 less than the 2023 average of $353. Current farmer return expectations are negative for both corn and soybeans across all Jun 25, 2024 · The 2024 figures are our revised crop budget projections. 74 23. S. 7% to $204. 5. Then, operator and land returns were relatively low from 2013 to 2019. 1 Based on a 470 HP combine used on 2,500 acres. 30 per acre, with a range of $12 to $31 per acre. Based on recent futures market activity, the 2025 corn price has been increased to $4. $130 per acre (range = $75 - $250 View online plat & GIS maps - agricultural land value estimators, property lines, soil survey mapping, cropland cover & ownership data. 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. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm These per hour charges are appropriate for calculating rental costs when the person renting the tractor provides fuel and labor. 6. Projected farmer returns for crop share agreements are expected to be -$12/acre in 2024 and $4/acre in 2025. Average cash rent levels decreased slightly from 2023 to 2024 for all land productivity classes. 8% increase from June 2023. edu 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 2025 MSU Custom Work Rates Report covers a wide number of basic field machine 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. March 12, 2025 application process and the per acre payment rates for each Sep 20, 2023 · Illinois Farm Management Handbook. 50 Production Operations: 2024 Custom Rates This is a budget tool, not a pricing tool. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. If your machinery cost per acre is relatively high, then a farm should consider using a Find local businesses, view maps and get driving directions in Google Maps. MSU Custom Work Rates Report. 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. illinois. 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. This publication reports custom rates based on a statewide survey. Jan 28, 2025 · Nick Paulson, Gary Schnitkey, Ryan Batts, and Carl Zulauf - Nick Paulson - Farmers have until April 15 to make or change decisions regarding commodity program support, a month longer than in recent years. 84 per acre for 2024, a 15. Corn. 80 $4. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. 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. Lower corn and soybean prices in 2024 will have producers seeking cost reductions. 00 - 7. 50 2 23. 71 21. Corn: $150. The Ontario average custom rates are allocated across the six machinery-related expenses. Where there are fewer than five responses, the ag economist advises caution using the data. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. 66 per bushel for corn and $11. Within those same years, cash rental rates for cropland in North Dakota have increased 3. Of course, many states no longer do custom rate surveys. 00 Row markout with one product: 0-30 gal. 00 per acre ($40. Total costs equal non-land costs and land costs. 65 per acre (Range = $70 - $275 per acre) Corn $38. 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 customer to the custom work provider. 25 per acre. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. The projected rate for 2025 is expected to decrease to $318/acre, and overall returns slightly improve to -$41/acre. Custom farming resulted in the highest return among these arrangements. Surveys were mailed/emailed to past respondents and distributed at various Extension programs through the winter of 2024. 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. , ton, bale, or bushel rather than per hour to reduce the variation due to machinery size. 1% and 14. Similarly, ISPFMRA rents rose from $183 per acre in 2007 to $396 in 2013. cash rents increased from $166 per acre in 2007 to $290 per acre in 2013. 12 9. Consistent with these return expectations, professional farm Mar 28, 2023 · Custom Farming Rates (includes tillage, planting and harvesting costs): Corn: $152. 40 $4. Compare your costs for baling small squares vs. 0 points. 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. 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. , and labor for the The 2024 figures are our revised crop budget projections. 9%) from 2023 (see upper panel of Figure 1). 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to 2024 Nebraska Farm Custom Rates Report Aug 23, 2024 · 2 Illinois Cash Rent County Estimates (August 2024) USDA, National Agricultural Statistics Service, Heartland Regional Field Office Cash Rent by Land Type and County – Illinois: 2024 (continued) County and state Irrigated cropland Non-Irrigated cropland Pastureland (dollars per acre) (dollars per acre) (dollars per acre) 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. Total costs per acre for soybeans increased in Illinois when compared to 2023. 9% to $47. 48%. , and labor for the 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. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Ohio State Extension recommends growers calculate their own costs before determining the custom rate to charge or pay. As previously discussed, the soybean price is revised down from $11. 82%, and 3. 00 per acre (Range = $71 - $280 per acre) Tillage 1 Assumes that 60% of the acres are corn and 40% are soybeans. 20. 12%, 6. 25 per acre applied. The rates shown include the cost of hiring machine with fuel and operator and View maps featuring agricultural data, sold land, and land for sale. 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. 60 per acre (Range = $75 - $275 per acre) Soybeans: $139. 25 4 20. In addition, farmers will no doubt stress the Aug 29, 2024 · Good quality farmland averages 200 to 220 bushels per acre, with a soil productivity index of 117 to 132. As noted above, the $151 per acre figure represents an average for corn and soybeans. 65 per acre on average, while sidedressing is $12. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. 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). 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. 00 26. 75 / acre. 70 per acre Soybean $44. For each type of work, the average rate from the 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. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. Mar 28, 2024 · Custom Farming Rates (includes tillage, planting and harvesting costs):. 00 per hour labor charge. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. Check the column for average rates from the same Purdue custom rates survey for 2017. 00 6. “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 statewide average per acre cash rent for poor-quality land, however, fell by 3. 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. 00 per acre (Range Sep 20, 2023 · Illinois Farm Management Handbook. 30 per bushel while the soybean price has been reduced to $10. 00 30. , and labor for the Illinois Extension. 90 per acre, an increase of 12. FBFM average cash rents are not available for 2023. Dry bulk fertilizer application costs an average of $7. Custom rates cover the cost of machinery, fuel, labor and, occasionally, a product such as lime or bale wrap. Fuel and labor costs per acre are constant regardless of acres covered. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. On average, acreage decreases of 50 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. 50 per acre Soybean $33. Figure 1 shows a history of farmer returns for central Illinois. 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 The pull-type mower/conditioner cuts an 11. Liquid application ranged from $7. 00 per acre. Fuel costs vary depending on fuel use. 1% compared to 2023, respectively. 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. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. ---- $ per acre ---- ---- $ per acre ---- ---- $ per acre ----8-row corn head 12-row corn head 16-row corn head matter how many acres are covered. 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. 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). 60 to $4. edu/2021/10 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 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. Postal Service and 633 people via email in February 2025. 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 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. 7. 83 17. 75 to $15. As for fertilizer rates, dry bulk fertilizer averaged $7. The farmdoc 2025 Farm Bill What-if Tool has been revised to analyze the 2025 decisions. The total machinery cost per acre ($9. Most farm managers expect 2024 cash rents to remain the same or decline from 2023 levels. custom rates. Break-even prices to cover all costs, including cash rent for farmland, range from $4. 60 per acre. Some relief is expected for fertilizer costs due to lower prices but seed costs are expected to 3 farmdoc daily September 24, 2024 1. 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. 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 to $45 per acre, depending on the type of planter and setup. An 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%. 50 (in January) to $11. 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. percent. Table 1 shows historical prices for select operations. 50 per gallon for diesel fuel. In central Illinois, for high-productivity farmland, the 2023 farmer return is $72 per acre for corn and $92 per acre for soybeans. The 2024 statewide average pasture is $1,599 per acre, and the statewide average cash rental rate is $45, an increase of 15. 4% compared to 2023, respectively. 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. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. 2. Therefore, costs per acre decline as acres of use increase for a given implement size. Based on the table, the average rate for planting no-till corn is $21. Custom Rates services. 101 Mumford Hall (MC-710) 1301 W. 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. Ohio Farm Custom Rates . Total costs are projected to surpass $1,200 per acre for 2023 and decline back to 2022 levels for 2024. The rates per acre, an increase of $3. A third of respondents expect stable interest rates. 2 Based on a $68,300 grain cart used on 1,900 acres. 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 . Planting Decision Model. Projected yields are based on historical linear trends fit to each region from 2000 to 2023. Tips for shopping or setting rates The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 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 May 2, 2023 · Call it “sticker shock” for custom combining rates. 13 7% Ridge planting, without band applicator, rate per acre 21. Appendix Table 1 lists acres used to calculate tota l costs per acre. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. Grain Cart. The self-propelled conditioner cuts a 16-foot swath and is assumed to cover 1,520 acres per year. Machinery Costs; 2024. Tandem disking costs an average of $16. 40 per acre Grain Cart 2 $15. At least 10 Illinois counties spread eastward from the state’s capitol in Springfield, have higher published rates, led by Piatt (pie-et) at $377 an acre. 04 Rate per Acre Minimum 8. 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 Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. Sep 17, 2021 · CUSTOM FARMING: Looking at arranging custom farming on your operation? Check out the baseline prices on custom rates from 2019. University of Illinois Extension provides equal opportunities in programs and employment. Labor has also become both a limiting and higher cost expense. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. Aug 30, 2023 · In the meantime, 63 percent expect interest rates will continue climbing from . 50. It . 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 with chopper Oct 12, 2021 · A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. 00 per acre Grain Hauling 3 $0. For each type of work, the average rate from the Find local businesses, view maps and get driving directions in Google Maps. large round bales. 1 times the tractor hour resulting in a 10% higher cost per tractor hour. The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. Individual farm costs could vary from those shown in Table 1, with the following being the most likely causes: Timing of purchase. ISPFMRA rents increased from $369 per acre to $412, an increase of $43 per acre. 10 per acre Soybean $8. 30 per acre and combining soybeans averages $39. To see the full report for all operations, complete with all qualifying comments, visit 2021 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). 97 from $27. Custom Rates for Wheat Harvest, 2022, by District District . 41 22. The state average for harvesting irrigated corn increased 14. On average, acreage decreases of 50 . The statewide average cash rental rate moved upward from $75. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Of the rvey . "Complete extra per bushel of wheat for yields greater than 27 bushels per acre. he rates reported in this guide summarize . Based on a $87,700 grain cart used on 1,900 acres. 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. Custom planting ranges from $12. Updated April 14, 2023; Farmland Leasing. 01 to $11. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. 25 percentage points to over 1. If we examine these crops separately, the machinery cost per acre in 2023 would be $186 for corn and $116 for soybeans. Per Acre Costs for Combines of Different Sizes and Acres Harvested. 4. 5 acres, had a rental rate of $48 per acre. 6 Labor costs are based on a $19. 14 per bu. Combining1 Corn $50. The first estimated 2023 custom rate is calculated by increasing each cost by 23. Between 2020 and 2024, average cash rents in Illinois services. Michigan’s most recent custom farming rates report was released in December. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. The rate for conventional corn is $19. 00-25. Table 4. Table C. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Average 2022 Cash Rents in Illinois. Overall, ARC at the county level (ARC-CO) appears to be the program choice most likely to result in the May 23, 2023 · From 2020 to 2022, average FBFM cash rents increased by $79 per acre. Purdue Extension educators and specialists developed the questionnaire. 20 an acre and heavy or offset disking costs an average of $18. Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. 95 per acre, an increase of $3. Mar 20, 2023 · Combining corn shows an average of $41. In 2023, total costs are projected at $1,161 per acre, up from the $1,054 level in 2022. 00 per acre Soybean $11. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider. Use varies with load on the tractor. 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. Farmers who purchased fertilizer later generally had higher costs. Respondents answered questions that corresponded to the expected carrying capacity. From 2020 through 2022, returns were above average (see Figure 1), providing Jan 18, 2024 · Corn and Soybean Budgets, Jan 2024 Northern Illinois 2022 2023P 2024P Yield per acre 230 215 221 Price per bu $6. 5 31 2016 ALABAMA ELMORE 18. Assumptions for the computed harvest include 1. 23. These Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. 4% and 10. Labor time is assumed to be 1. 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. 99 per acre, or about $22 per acre. 90 per acre 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). Budgets are prepared to include all revenue and all financial non-land costs. Surveys were mailed/emailed to past Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. The economic cost of harvesting soybeans is $32. Urbana, IL 61801 Email: extension@illinois. 96 per acre in 2020. 5% and 32. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. 18 13% Combining Irrigated Corn, flat rate per acre 41. 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). Acreage increases of 50 percent result in cost decreases of 25 . May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 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. Sep 1, 2020 · The economic cost of harvesting corn is $37. 61 per acre, within $2 per acre of the custom rate average and median. 00 12. Has the rate changed over time? Yes. For spraying, while the average is $8. From 2004 to 2022, farmer returns averaged $140 per acre for corn and $119 per acre for soybeans. 5 38. 5-foot swath. 19 per acre. The 2024 Crop Budget Study was completed using a combination of surveys from custom hire businesses, seed cleaners, farm suppliers, crop advisors and growers. Gross revenue, cost, and net returns are evaluated on a per acre and per unit basis. 81 per bale. 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. Per acre costs are based on cutting 610 acres per year. 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. 70 per bale, with large round bales coming in at $13. irrigated cropland is $6,119 per acre, and the statewide average cash rental rate is $170, an increase of 12. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors 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. 10 per bu. Since 2020, total costs have increased from $833 per acre to Custom Rates for Farm Services in Missouri T. anamoz lkspz funys pujklh jedju sel tcadd eokfxf xiow vpk akp mjuyl hwin wprv oilsz