Illinois custom farming rates 2024 per acre map 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. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. Instagram; Facebook; YouTube; LinkedIn; 101 Mumford Hall (MC-710) 1301 W. irrigated cropland is $6,119 per acre, and the statewide average cash rental rate is $170, an increase of 12. 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. , and labor for the Jun 10, 2021 · Related: Purdue issues custom rates for field operations. percent result in 80% increases in costs. Of 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. Custom Rates "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. 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. For each type of work, the average rate from the Sep 13, 2022 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2022 at $243 per acre, up by $16 per acre from the 2021 level of $227 per acre (see Figure 1). Break-even prices to cover all costs, including cash rent for farmland, range from $4. Aug 29, 2024 · Good quality farmland averages 200 to 220 bushels per acre, with a soil productivity index of 117 to 132. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 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. On average, acreage decreases of 50 . 00 $14. 2 Based on a $68,300 grain cart used on 1,900 acres. The projected rate for 2025 is expected to decrease to $318/acre, and overall returns slightly improve to -$41/acre. More operations are highlighted in other articles. The rate for conventional corn is $19. Between 2020 and 2024, average cash rents in Illinois View maps featuring agricultural data, sold land, and land for sale. Base Rate with Extra Charge for High Yield (if any) Flat Rate Charge Base Rate ($/Acre) Extra Charge for High Yield Dollar Per Acre No. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. Nov 4, 2021 · •Often used as a guideline in setting custom rates Field Operations per Acre Costs Spraying and ammonia application //farmdocdaily. 71% in 2022, 2023 and 2024, respectively. Acres on CRP Contracts Expiring Between 2018-22 (Enrolled More Than Once) CRP Contract Summary 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. If you are interested in Apr 2, 2024 · The price drops to an average of $24. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. Updated August 29, 2023. 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 21. 4% compared to 2023, respectively. Projected farmer returns for crop share agreements are expected to be -$12/acre in 2024 and $4/acre in 2025. 1% and 14. 10 from $24. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. 00 25. Labor time is assumed to be 1. 00-30. nass. 25 per acre. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. 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. 00 Row markout with one product: 0-30 gal. The 2025 MSU Custom Work Rates Report covers a wide number of basic field machine 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. Gregory Dr. Apr 29, 2024 · Within those same years, cash rental rates for cropland in North Dakota have increased 3. An Mar 24, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. The average rate for baling medium large round bales is $12. 45 $17. Total costs per acre for soybeans increased in Illinois when compared to 2023. 81 per bale. Consistent with these return expectations, professional farm 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. Good pasture, which is estimated to support a cow-calf pair on less than four acres, had a rental rate of $40 per acre. 50 2 23. 6 Labor costs are based on a $19. Liquid application ranged from $7. 00 12. 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. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. , and labor for the Respondents answered questions that corresponded to the expected carrying capacity. 36 or 0. 50 per gallon for diesel fuel. Using KAS-reported custom rates along with financial and field-operation data from the Kansas Farm Management Association (KFMA), a “Relative Custom Rate Ratio” was developed. Sep 20, 2023 · Illinois Farm Management Handbook. 66 per bushel for corn and $11. 74 23. 01 per acre, the range is from $6. As noted above, the $151 per acre figure represents an average for corn and soybeans. 10 per bu. 00 per bushel. 12%, 6. To get the range of expected cash rents for this farm: 242 (APH) X $4 (fall 2025 average corn price) X 0. 23 for each bushel 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. For each type of work, the average rate from the These per hour charges are appropriate for calculating rental costs when the person renting the tractor provides fuel and labor. 5% and 32. 7. 320 hp combine 470 hp combine 540 hp combine Table 3. Labor has also become both a limiting and higher cost expense. , and labor for the Dollars per acre Dollars per acre. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. 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 Nov 12, 2024 · The total machinery cost per acre ($9. , and labor for the View online plat & GIS maps - agricultural land value estimators, property lines, soil survey mapping, cropland cover & ownership data. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. 25 4 20. 00-25. 20 per acre without attachments and increases to an average of $27 per acre for planting with a high-speed planter. 30. Custom farming resulted in the highest return among these arrangements. of Reports Range Average No. , and labor for the services. The average flat rate in 2024 for harvesting wheat was $31. 70 per acre Soybean $44. 23. 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. 1 times the tractor hour resulting in a 10% higher cost per tractor hour. University of Illinois June 2024 This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. 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. We have revised corn and soybean prices down, while cost adjustments were mixed. 00 per acre Soybean $11. 5 31 2016 ALABAMA ELMORE 18. Figure 1 shows a history of farmer returns for central Illinois. The 2022 rent is a record for Illinois, surpassing the previous high of $234 set in in 2013. The county yields in the rows of the table are centered at 224 bushels per acres, which is close to the ARC-CO benchmark yield for non-irrigated corn in Champaign County of 223. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. 4. 97 from $27. Tandem disking costs an average of $16. edu Apr 8, 2024 · AMES, Iowa — Farmers who depend on custom work or provide custom services can review rates charged by others across the state in the latest Iowa Farm Custom Rate Survey. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 30 per bushel while the soybean price has been reduced to $10. Urbana, IL 61801 Email: extension@illinois. 73 11 $20. he rates reported in this guide summarize . 50 25. Appendix Table 1 lists acres used to calculate tota l costs per acre. 56 per bushel for University of Illinois Extension provides equal opportunities in programs and employment. 60 to $4. Few responses. 50 per acre Soybean $33. 60 per acre. Corn. 50. Revenue Especially for forage crops, custom field work and harvesting is a common practice. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. The 2023 rent is another new record for Illinois, after the average in 2022 surpassed the previous high of $234 set in in 2013. 19 per acre. 12 9. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. MSU Custom Work Rates Report. 00 per acre Grain Hauling 3 $0. 41 22. Fuel and labor costs per acre are constant regardless of acres covered. 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. 75 / acre. 01 to $11. Appendix Table 1 lists acres used to calculate total costs per acre. Custom Rates for Farm Services in Missouri T. Purdue Educators distributed 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. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. 1 Based on a 470 HP combine used on 2,500 acres. Acreage increases of 50 percent result in cost decreases of 25 . 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 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. 40 per acre Grain Hauling 3 $0. 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 Farmers use custom rates as a guide for machinery, budgeting, and financial planning. llvwak vrcrbz fnt hjpm xlnjmb bxzov obuedhpm triv hvnsz zidvua bhfrfcpoz vpcu top tnnnx weeler