2024 indiana farm custom rates map. 8% increase from June 2023.

2024 indiana farm custom rates map The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 64 18% Step by step directions for your drive or walk. Mar 4, 2025 · The discussion covers cash rental trends in west central Indiana, the economic factors influencing changes in rental rates, and the relationship between net returns to land and cash rental rates. If your machinery cost per acre is relatively high, then a farm should consider using a Purdue Extension-Spencer County will1179@purdue. Gain an in-depth understanding of trends, market dynamics, and future The Price Loss Coverage Option in the 2018 Farm Bill: Updated September 24, 2019; The Agricultural Risk Coverage: County Level (ARC-CO) Option in the 2018 Farm Bill: Updated September 17, 2019; Release of 2018 Farm Bill What-If Tool: Updated November 5, 2019; The Case for Looking at the ARC-IC (ARC-Individual) Program Option: Updated October 29 Feb 12, 2024 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. The largest component of custom rate charges is typically depreciation and interest. Postal Service and 407 people via email in mid-February 2024. Mar 28, 2024 · Following are the “Median” custom rates for some common farming practices for 2024, as well as the (range) of custom rates listed, based on the “Iowa Farm Custom Rate Survey”. Check the column for average rates from the same Purdue custom rates survey for 2017. — Many farmers and ranchers inquire about prevailing rates for various custom farm services. Feb 10, 2025 · February 2025 Estimates . 2021 Indiana Farm Custom Rates. 2019 Indiana Farm Custom Rates. These professionals provide an estimate of the market value for bare poor, average, and top-quality farmland in December 2023, June 2024, and a forecast for December 2024. The cost for new and used machinery increased rapidly in the past 12 months From Main Street to the farm gate, the Purdue Extension Education Store connects all 92 Indiana counties to world-renowned research from Purdue University. This guide includes useful forms and farm business management information including: Custom rates: What to charge for planting, etc. Tranel, and R. 1 . Cash rental rates are expected to hold steady or increase in 2023. These are the March 2022 crop budget estimations for 2022; prepared by Purdue faculty members Michael Langemeier and Craig Dobbins, Department of Agricultural Economics; Bob Nielsen, Tony Vyn and Shaun Casteel, Department of Agronomy; and Bill Johnson averages for 2022, 2023, and 2024 are included in Figure 2. The average value of bare Indiana cropland ranged from $9,071 per acre for poor quality land (a 4. 28 per bale. 65 24. Publication Date: March 31st, 2022. 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 Mar 27, 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. 18 $8. of Reports Range Average Find local businesses, view maps and get driving directions in Google Maps. Langemeier, Department of Agricultural Economics; Shaun Castell and Dan Quinn, Department of Agronomy; and Bill Johnson, Department of Jan 16, 2024 · Farmland Values. Mar 25, 2024 · Following are the “Median” custom rates for some common farming practices for 2024, as well as the (range) of custom rates listed, based on the “Iowa Farm Custom Rate Survey. 95 per acre, an increase of $3. Indiana Farmland Values & Cash Rental Rates: 2024 Update 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. org (Indianapolis) – Jan. Average- and poor-quality farm ground also hit new highs: the average price for average-quality ground is $11,630 per Jan 13, 2025 · Indiana Farm Custom Rates Survey 2025 Attention all growers and landowners! The Indiana Farm Custom Rates Survey is live, and we need your input! This important biennial survey, supported by Jan 26, 2024 · Therefore, the statewide averages reported might be quite different from the going rate in any given area. Oct 11, 2023 · The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. edu extension. Menu Search Search August 2024 Early Season Custom Farm Work Rates Page 3 FERTILIZER AND PESTICIDE APPLICATION AND HAYING OPERATIONS STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation 20 24 2020 Average Rate 20 4 as Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER APPLICATION services. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. ). Mar 24, 2023 · March 2023 Estimates . For each type of work, the average rate from the 2025 Custom Work Rates Summary. Colorado State University Extension annually conducts a Mar 29, 2022 · The custom farming rates for corn and soybean production are expected to increase by about 1. This survey is conducted by USDA’s National Agricultural Statistics Service North Dakota Field Office and contains state-level custom Apr 11, 2024 · Although current basis levels in central Indiana are still about $0. The 2024 Purdue Farm Management Tour was held July 17 in Randolph County in east-central Indiana and the Master Farmer reception and panel discussion followed. 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 Sep 11, 2024 · Interested in the latest trends and insights on U. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. CRP 1. May 8, 2017 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Experience is the best guide to help budget machinery costs. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. 2Crop's contribution margin is the per acre contribution margin from Table 1. The average size farm in Indiana was 274 acres per farm, up 2 acres from 2022. It . 00 $6. In 2023, the base rate rose 17%, followed by another jump in 2024 of 26. Dec 27, 2023 · Tips for shopping or setting rates. Mar 24, 2023 · These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. Bechman became the Midwest Crops editor at Farm Progress in 2024 after serving as editor of Indiana Prairie Farmer for 23 years. The most notable difference between 2024 and the two preceding years is the number of market forces putting downward pressure on farmland prices. He suspects that is especially Indiana Agriculture Report 4 April 2024 3001 Coolidge Rd. Rates were just updated for 2023, based on information from 81 voluntary participants who responded to a survey. As in past years, there are states that have updated their rate guides since a year ago. Postal Service and 633 people via email in February 2025. Dec 30, 2024 · For field and livestock worker occupations, which represent the vast majority of agricultural jobs under the H-2A program, the OFLC Administrator continues to use the average annual hourly wage for field and livestock workers (combined) for the state or region, as reported by the U. Earlier this year, 553 custom Nov 22, 2023 · March 2024 Estimates . The average price of top-quality farmland reached $14,392 per acre, a 4. 01/10/25 Corn production down, soybean production up in 2024. S. “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 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 managers. allowances for profit. Publication Number: AEC 2022-01. Mar 1, 2024 · What made the 1980s bad was that interest rates went up, people had debt, and all of a sudden we’re debt-servicing well above the ability of the farm to generate income. Average estimated Indiana land value and cash rent per acre (tillable, bare land) 2023 and 2024, Purdue Land Value Survey, June 2024. Tom J Bechman 1. The average rate for baling medium large round bales is $12. is recommended that you use your records to derive your costs. Purdue Educators distributed the questionnaires at meetings and events custom rates. The Purdue Extension Education Store, part of Purdue University's College of Agriculture, is a vital component of that connection by offering over 2,000 free or affordable PDFs, books, and other resources. Flexible rental agreements and how they work. In 2023, farmland prices across Indiana 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 land. The discussion concludes by examining the relationship between cash rental rates and estimated net returns to land as well Oct 30, 2024 · The MSU Custom Rate Calculator Worksheet can guide the calculation of the total economic cost of owning and operating the machinery for custom hire services. Data from 1975 to 2024 were obtained from the annual Purdue Land Value and Cash Rent Survey. ” “Inflation plays a role in [input costs] obviously, and once an inflationary spiral starts, it’s hard to slow that down. Farm tasks in the report include everything from planting to harvest, with cost data that reflect the average, median and range for each task. 45 $17. ” According to the survey, which is conducted annually in June, the average price of top-quality farmland is $14,392, up 4. Jan 9, 2024 · However, that will be somewhat offset by increased expenses for seed, labor and repairs, along with much higher short-term interest rates on 2024 farm operating loans. Brent YoungA. Earlier this year, 559 custom operators and 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. Latest Email; Upcoming Programs; Faculty Aug 26, 2024 · The 2024 Purdue Farmland Value Survey found the average value of bare Indiana cropland increased. Jul 17, 2024 · A reception with a panel discussion was held in conjunction with the Tour to honor the 2024 Indiana Master Farmers. These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. , and labor for the Sep 24, 2024 · Statewide farmland prices once again set a new record in 2024, according to the recent “Purdue Farmland Value and Cash Rent Survey. May 2, 2023 · Tom J. 4% and a projected jump of 20% next year, according to the Indiana Department of Local Government Finance. It is not intended for establishing rates for individuals or companies that rent equipment or contract custom farming operations as a business. Given lower expected capital purchases in 2024 and 2025, we expect crop machinery investment per acre to remain at current levels or decline slightly. The Ontario average custom rates are allocated across the six machinery-related expenses. , Suite 400 ∙ East Lansing, MI 48823 (517) 324-5300 ∙ (855) 270-2709 FAX ∙ www. 2017 Indiana Farm Custom Rates. 2023 Land Rental & Custom Rates for ColoradoFarms & Ranches . Department of Agriculture's (USDA) Farm Labor Survey (FLS). Purdue Educators distributed the questionnaires at meetings and events 2024 Early Season North Dakota Custom Farm Work Rates Released Ron Haugen, Farm Management Specialist The results of the North Dakota 2024 early season custom farm work rates survey have been released. Publication Date: April 17th, 2024. The tour and reception were free and open to the public. 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. They also discuss the benefits and challenges associated with flex leases, emphasizing the importance of clear agreements. Purdue Educators distributed Find local businesses, view maps and get driving directions in Google Maps. 81 per bale. These are the March 2024 crop budget estimations for 2024; prepared by Purdue faculty members Michael R. Typically, southern and western Minnesota farm operators use average yields between 180 to 200 bushels per acre for corn and 50 to 60 bushels per acre for soybeans for cash flow 2024-25 Farm Machinery Custom and Rental Rate Guide This guide has been established to provide approximate costs for renting equipment or obtaining custom farming operations from another farmer. Custom Rates for Wheat Harvest, 2024, by District District 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. *Southwest Indiana is comprised of Clay, Daviess, Dubois, Gibson, Greene, Knox, Martin, Owen, Pike, Posey, Spencer, Sullivan, Vanderburgh, Vigo and Warrick counties. If your machinery cost per acre is relatively high, then a farm should consider using a custom operator rather than replacing their own machine. Jenny Beiermann, Jeffrey E. xlsm Author: clarkcr Created Date: 12/9/2024 8:05:42 AM 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. & Indiana farmland values? This AgCast episode shares insights from the Farm Sector Balance Sheet, USDA data collection methods, regional variations in land values, and the influences of factors such as interest rates and development pressures on farmland prices. Total 1Rotations are as follows: c-c = all of the farm acres in continuous corn; c-b = one-half of the farm acres in rotation corn and one-half in rotation soybeans. The horizontal axis shows the item from the list above. Custom Rates – Crop and pastureland lease and rental; Custom Rates – Field operations; Custom Rates – Grain harvesting operations; Custom Rates – Hay and silage operations; Custom Rates – Livestock Iowa Farm Custom Rate Survey was mailed to 394 people by the U. Gain an in-depth understanding of trends, market dynamics, and Apr 17, 2024 · These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Title: 2025 Custom Work Rates FINAL V3. 77 per acre. edu Feb 1, 2024 · Good yields, strong 2023 farm incomes, a shortage of farmland for sale and moderating interest rates have farm real estate experts optimistic about keeping land values at current high levels Mar 24, 2023 · These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. July 03, 2024. 58 per acre. 8% increase from June 2023. 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 Nov 21, 2024 · LINCOLN, Neb. “Custom rates in a given area may vary significantly according to timeliness, operator skill, field size and shape, crop conditions, the performance characteristics of the machine being used, the relationship between the custom operator Custom Machinery Rates Applicable to Kentucky (2022) Author: Greg Halich, Associate Extension Professor. Joint Annual meeting with Adams County Farm Bureau & Adams County SWCD Friday, February 21, 2025 @ 6:30pm 4-H Expo Hall, Adams County Fairgrounds, Monroe, Indiana Featuring: Meal: by “Hummels Meats & More” (free if RSVP) Speaker: Brad Kohlhagen, Adams County ANR Extension Educator — “Do you know Agriculture?” The Farm Management Team produces and provides a list of resources for producers to help provide up-to-date information and news on horticulture related topics. 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 26, 2024 · and discusses trends in the P/rent ratio. 25, 2024 – Indiana Farm Bureau Health Plans, a suite of more affordable health care offerings, today announced it had over 4,150 active plans in place at year-end 2023 – a growth of more than 30% from 2022. 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 Sep 26, 2024 · 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. The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. 4% increase from 2023) to $14,392 per acre for top quality land (a 4. usda. These are the updated February 2025 crop budget estimations for 2025; prepared by Purdue faculty members Michael R. Cost Estimates Formulas published by the American Society of Agricultural Engineers are used to calculate costs. 00 $4. The number of farms in the United States for 2023 is estimated at 1,894,950, down 5,700 farms from 2022. In addition to the regular biennial custom rates survey, the University of Nebraska-Lincoln’s Center for Agricultural Profitability has launched a new survey designed to provide market rate information for the Nebraska livestock industry. nass. Certification of Agricultural Land Base Rate for Assessment Year 2022 - December 29, 2021 Resource Materials for Valuing Agricultural Land for Assessment Year 2022 2021 Summary: The growth rate of Indiana farmland prices is expected to moderate in 2024. Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Expense items typically incorporated into custom rate charges include fuel, lubrication, repairs, insurance, labor, depreciation and interest. gov May 12, 2021 · Purdue Extension educators surveyed Indiana farmers, farm owners, farm custom operators and professional farm managers regarding custom rates they had either paid or Aug 9, 2024 · The survey is produced through the cooperation of numerous professionals knowledgeable of Indiana’s farmland market. Labor has also become both a limiting and higher cost expense. Aug 29, 2017 · The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Mar 24, 2023 · These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. 12/23/24 United States Hog Inventory Up 1% Change in rate. 2024 Custom Rates Survey These are average rates from 21 OPACA member-contractors that participated in March 2024. Mar 28, 2023 · 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. Apr 23, 2021 · These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers in Indiana during the last month of 2020 and the first three months of 2021. The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Langemeier, Department of Agricultural Economics; Shaun Castell, Dan Quinn, and Tony Vyn, Department of Agronomy; and Bill Johnson, Department of Botany The quality of data is dependent on the cooperation received by producers and commercial custom operators. 28 Indiana Farm Numbers The number of farms in Indiana in 2023 was 53,300. 00 $14. We use land value and cash rent data for the 1960 to 2024 period for west central Indiana to illustrate the P/rent ratio. Life After CRP - Decisions, Decisions | Conservation Reserve Program: Issues and Options 2024 Iowa Land Value Jan 24, 2025 · The 2024 Custom Rates Survey goes live on January 27, 2025. Read more here Percentage change in a sample list of custom rates reported from 2022 to 2024 Some Common Nebraska Custom Rates 2022 State Average Rate 2024 State Average Rate Percentage % Change Drilling Small Grains, no-till drill, rate per acre 19. 8% increase from 2023). The information below is based on 130 responses and 2,805 custom rates provided by Iowa farmers, custom operators, and farm managers. 97 from $27. In 2017, the average rate for no-tilling corn was $17. Similar to previous years, higher interest rates are putting the strongest Jan 3, 2025 · In addition to upward pressure on costs for repairs, fuel and oil, insurance, and custom rates; capital purchases were relatively strong during this time period. Farmland property taxes have been escalating rapidly over the last few years. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and average Indiana land sale and rent rates. These are the March 2023 crop budget estimations for 2023; prepared by Purdue faculty members Michael R. Especially for forage crops, custom field work and harvesting is a common practice. 3It is assumed that the current farm bill will not provide ARC-CO or PLC payments for base acres in 2024. Adding 5 to 15 percent to estimated costs is appropriate for setting custom rates. Download the free 2025 Farm Resource Guide. The rate for field-cultivating in the ’23 survey averaged $15. edu/spencer April-May 2024 It is the policy of the Purdue University Cooperative Extension Service that all persons have equal 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. Colorado State University Extension conducts an annual survey of custom rates charged for various crop and livestock operations and lease arrangements in Colorado in the preceding year. Langemeier, Department of Agricultural Economics; Shaun Castell, Dan Quinn, and Tony Vyn, Department of Agronomy; and Bill Johnson, Department of Botany 2021 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. 6 million acres, unchanged from last year. Field Operations 2023 Department of Agricultural and Consumer Economics Sep 12, 2024 · Ohio Farm Custom Rates 2024. 95 27% Drilling Cover Crops, rate per acre 19. weaker than the historical 3-year average corn basis for the region, as expected, the difference between 2023-2024 basis levels and typical basis levels for the most recent three years (2020-2021, 2021-2022, and 2022-2023) has continued to narrow. 70 per bale, with large round bales coming in at $13. Sep 21, 2022 · • Grain hauling: farm to market (25 miles) 21 cents per bushel. Of course, many states no longer do custom rate surveys. Custom Machinery Rates Applicable to Kentucky (2024) Author: Greg Halich, Associate Extension Professor. All 2025 Iowa Farm Custom Rate Survey. Communication. 13/bu. 5% compared to last year. " The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 01/31/25 United States cattle inventory down 1%. 2018 Texas Agricultural Custom Rates; 2016 Texas Agricultural Custom Rates; 2013 Texas Agricultural Custom Rates; 2011 Texas Agricultural Custom Rates; 2008 Texas Custom Rates Statistics; 2004 Texas Custom Rates Statistics; 1999 Texas Custom Rates Statistics; 1992 Texas Custom Rates Statistics; 1988 Texas Custom Rates Statistics; 1985 Texas Apr 24, 2023 · As we move into another crop year, it is prudent to review custom rates and their components. COLUMBUS, Ohio — Farming is a complex business and many Ohio farmers utilize outside assistance for specific farm The average flat rate in 2024 for harvesting wheat was $31. Aug 3, 2023 · The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Mar 22, 2022 · March 2022 Estimates . 8% from June 2023. CCE welcomes feedback that will help keep this guide up to date and accurate. . 1Rotations are as follows: c-c = all of the farm acres in continuous corn; c-b = one-half of the farm acres in rotation corn and one-half in rotation soybeans. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. He joined Farm Progress in 1981 as a field editor, first writing stories to help farmers adjust to a difficult harvest after a tough weather year. May 2024 . Download 2024 Custom Rates Report May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. For each type of work, the average rate from the survey, the median, and the range Aug 7, 2023 · The 2023 survey results confirm that, statewide, average cash rental rates for Indiana farmland rose about 2% above 2022’s rates. 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. Custom rates reports. While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. The rates calculated here are averages for these states and are adjusted to account for changes in fuel price, machinery costs1, and wages2 from the time of the reported surveys. Average farmland rental rates by county with current projections. Rates vary due to fuel and mobilization costs, but also based on the quality of equipment and labour, efficiency, and other factors to consider when hiring an agri-contractor. 16 22. Apr 22, 2021 · 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. §Respondents: rural appraisers, ag lenders, farm managers, and farmers §Information collected: •Estimated Land values as of December 2022, June 2023 & December 2023 (projection) •Top, average, and poor quality land •Annual cash rental rate •Long-term corn yield (productivity) 17 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. 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. 02/24/25 USDA extends response deadline for 2024 Census of Horticultural Specialties. edu 1101 E CR 800 N Chrisney, IN 47611 812-362-8066 spencerces@purdue. 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 Jan 25, 2024 · Contact: Colleen Settle 317-692-7822 317-242-8907 csettle@infb. For each type of work, the average rate from the survey, the median, and the range are shown. The average is calculated as the simple average of all responses. Charging custom rates at estimated costs should cover all costs, but will not generate a profit. “Many times, typical custom rates in an area don’t cover all ownership costs,” Langemeier says. Purdue Educators distributed Jun 9, 2021 · To see the full report for all operations, complete with all qualifying comments, visit 2021 Indiana Farm Custom Rates. (Average) Current Diesel Fuel Price -$5. Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. 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. Easily add multiple stops, see live traffic and road conditions. That’s just under a 25% increase in six years. Free. However, changes in rates across Indiana’s 6 regions were not uniform with rental rates in some regions and for some land quality types actually declining. Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. The rates 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 use published custom rate surveys. The Education Store provides Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. Jun 27, 2022 · 2022 Custom Rates & Fees The following custom rates should be used only as a guide in establishing custom rates. purdue. Purdue Extension educators and specialists developed the questionnaire. COMMUNICATION. 73 11 $20. “Generally, 2024 custom rates are down slightly from 2023,” she notes. Farm Resource Guide. 98 per acre in 2022. Jun 8, 2019 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Publication Number: AEC 2024-01. 80/gallon as of June 2022 Hay Harvesting -Fuel Included Mow Hay Silage Chopping / Hour: $18/ acre Aug 3, 2023 · The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. Find local businesses, view maps and get driving directions in Google Maps. Indiana State Average Cash Rental Rates By Land Quality, 2000 – 2024 Source: Purdue Land Value and Cash Rent Survey 140 257 259 313 112 204 217 260 86 157 175 204 0 50 100 150 200 250 300 350 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 2024 $/Acre Top Average Poor Purdue Commercial AgCast podcast, September 2024 Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. About the Author. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. Has the rate changed over time? Yes. Land in farms was 14. Find nearby businesses, restaurants and hotels. For 1960 to 1974, the 1975 Purdue survey numbers were indexed backward using the May 1, 2023 · Michael Langemeier, Purdue Extension ag economist, maintains custom rate information in Indiana. January 2024 DUBOIS COUNTY AGRI-NEWS Pork Quality Assurance Plus (PQA+) Training Purdue University “2023 Indiana Farm Custom Rates”: https://ag. flhddptz dphhnaxa wcz rwdmjw dgnpbgn rbrqq lejk rdcftcbt nhpv dsjgvf lamqg zeoja rzuior jrb auc