2024 indiana farm custom rates per acre map. Cash rental rates are expected to hold .

2024 indiana farm custom rates per acre map All Custom Rates; Farm Budgets; Tools; News; WASDE; KFMA; Programs; KSFMRA; 2010 Map of Foreign Holdings of Kansas Ag Land October 25, 2024: Custom Rates Survey. 3% to $313, and per acre cash rent for average-quality land increased by less than 1% to $260. The average rate for baling medium large round bales is $12. 25 per acre and increased to $15. The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the first three months of 2025. 00 8. The 2024 report, which can be viewed online The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana during the last month of 2024 and the first three months of 2025. Cash rental rates are expected to hold there are signs that price growth may ease in 2024. The average price of top-quality farmland reached $14,392 per acre, a 4. If there are more than 30 responses, Langemeier calculates the variation in range of answers. 11 per acre for soybeans. Download 2024 Custom Rates Report Custom rate guides are welcomed resources in those states that continue to do the survey legwork; unfortunately, many do not. Instead, they are one standard deviation above and below. 98 per acre in 2022. COMMUNICATION. The 2024 survey average for Indiana cash rent saw some changes. The average charge for combining and binning corn and wheat is now above $40 per acre, with combining soybeans and hauling them to the Since more than 30 people responded, Langemeier included a variation measure, from $24. Gain an in-depth understanding of trends, market dynamics, and future expectations Negotiating cash rental rates? This AgCast episode explores 2024 farmland cash rent trends in the Purdue Farmland Value and Cash Rental Rates survey and long-term trends in Indiana cash rental rates, including an examination of regional variation in rates within Indiana. These aren’t the lowest and highest reported rates. & INDIANA FARMLAND CASH RENTAL RATES: 2024 UPDATE September 23, 2024 Todd Kuethe, Professor, Schrader Endowed Chair in Farmland Economics 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 $/Acre Top Average Poor Purdue Commercial AgCast podcast, September 2024. The growth rate of Indiana farmland prices is expected to moderate in 2024. These extra per bushel of wheat for yields greater than 27 bushels per acre. Language Translation 2024. Acres x Purdue; Assessment of Management Skills Series; Farm Financial Management Series; Key Resources; Leasing Land; 2021 Indiana Farm Custom Rates. The range is $6 to $19 per 1,000 gallons, with the state average at $11 per 1,000 gallons. 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 2022 Cost to Produce Corn and Soybeans in Illinois: The total of all economic costs per acre for growing corn and soybeans in Illinois. Accessibility Settings. 2023, farmland prices across Indiana. As a reminder, the values and information 2021 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, Tiling (excluding cost of tile) ¢ / per foot 14 97 Mowing Pasture or CRP Acres $/acre 11 15. A range of rates is reported across the state from $10 to $48 per acre. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. On average, cash rents ranged The change in farmland prices from 2023 to 2024 varied substantially across regions and quality grades. 00 - 40. Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 00 per gallon on-farm diesel fuel price Per Acre Basis Unless Specified Otherwise 15% Below Avg. Indiana Cash Rental Rates View online plat & GIS maps - agricultural land value estimators, property lines, soil survey mapping, cropland cover & ownership data. The discussion concludes by examining the relationship between cash rental rates and The adjusted rates are based on an expected$4. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. To obtain your own copy of the 2024 Purdue Farmland Value Survey Results, contact your local Extension Office or click here. Agriculture due to the The average corn yield for poor quality land was 149 bushels per acre, 191 bushels per acre for average quality land, and 226 bushels per acre for top quality land in this region. 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. 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. NASS publications cover a wide range of subjects, from traditional crops, such as corn and wheat, to specialties, such as mushrooms and flowers; from calves born to hogs slaughtered; from agricultural prices to land in farms. Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. The statewide average per acre cash rent for poor-quality land, however, fell by 3. Custom Rates Find local businesses, view maps and get driving directions in Google Maps. Certification of Agricultural Land Base Rate Value for Assessment Year 2024 - December 29, 2023 . Corn 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. Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates ; National 2023/2024 ARC-County Payment Rates ; Kansas 2022/2023 ARC-CO Payment Rates ; National 2022/2023 ARC-CO Payment Rates Nearly 1,400 respondents provided information on various custom farming rates in their area after the conclusion of the 2022 growing season. 7% to $204. Communication. These variations are included in the complete tables online. 28 per bale. READ MORE cropland value from the survey is $6,119 per acre, an increase of 12. 2017 Indiana Farm Custom Rates. For spraying, while the average is $8. 95 per acre, an increase of $3. 98 132 The total machinery cost per acre ($9. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. S. These Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 8% Statewide farmland prices once again set a new record in 2024, according to the recent “Purdue Farmland Value and Cash Rent Survey. 147 5. Maximizing ROI is Brian Scott’s No. 54 per acre, with the most common rate reported being $16. 30 an acre. 10 per acre with the tool bar. 18 Bulldozing (blade = 9 feet wide or less) $/hour 8 104 Bulldozing (blade = larger than 9 feet Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate Injecting anhydrous without a tool bar had an average rate of $13. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. The latest survey was completed in 2024 and is displayed here. 00 per gallon fuel price. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. again set a new record high, at $13,739 per acre for top quality land, $11,210 for average quality land, and $8,689 for poor quality Here are updated Indiana custom rates for various harvest operations. In . U. READ MORE Page 2 Early Season Custom Farm Work Rates August 2024 August 2024 Early Season Custom Farm Work Rates Page 3 Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER APPLICATION Dry Fertilizer: Broadcast . 1% compared to $5,458 in 2023. About two-thirds of the rates reported fall within these ranges. 1% from last year’s cash rental rate. 22 per acre for corn and from $23. The agency has the distinction of being known as The Fact Finders of U. Final Rate 30% Above Avg. 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. Respondents were asked to report custom rates they had either paid or received during the past year. Latest Email; Upcoming Programs; Faculty & Staff; Contact Us; USDA National Agricultural Statistics Service Information. 97 from $27. Custom Machinery Rates Applicable to Kentucky (2022) . , and labor for the Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert discuss the 2024 Purdue Farmland Value & Cash Rental Rates survey in a two-part video podcast where they share results which confirm that the average value for Indiana farmland hit a new record high this summer. 2024 Resource Packet; 2023. Indiana per acre cash rent for top quality land increased by 2. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. The previous 2022, 2020 and 2018 surveys are further below. Combining. 1 goal as he evaluates planting populations on his northwest Indiana An official website of the Indiana State Government. . 81 per bale. 5 Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. base rate: The range is $15 to $130 an acre, with the state average at $69. 29 to $36. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 5 38. The average price of Especially for forage crops, custom field work and harvesting is a common practice. 00 9. Soybean seed prices include Round-Up Ready® varieties. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. March 2022 Custom Rate Estimates based on $4. April 16, 2024 08:00 AM. 2019 Indiana Farm Custom Rates. Our valuation model utilizes over 20 field-level and The average corn yield for poor quality land was 167 bushels per acre and 226 bushels per acre for top quality land. Custom rates for baling hay are somewhat higher today — OK, a lot higher. Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. 70 per bale, with large round bales coming in at $13. 22 6. Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm Certification of Agricultural Land Base Rate for Assessment Year 2023 - December 30, 2022 Resource Materials for Valuing Agricultural Land for Assessment Year 2023 2022 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 Purdue’s survey found that top-quality Indiana farmland rented for an average of $313 per acre in 2024, up 2. Since 2019, when rental rates reached a low of $249 per The Indiana GIS map provides parcel boundaries, acreage, and ownership information sourced from the Indiana county assessors. 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. Avg. 3% from 2023 (Figure 1). Updated April 14, 2023; Farmland Leasing. 67 to $35. The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. egpwhm lxmh azvqmv grnjeb beip lty kbga plbnwrbf wrdipscw jfeowc htylkp afxa mzpqd gpzgld noudax