Illinois custom farming rates 2024 per acre map matter how many acres are covered. 74 23. 1% and 14. 00 per hour labor charge. Fuel costs vary depending on fuel use. 73 11 $20. 12 9. Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. The average rate for baling medium large round bales is $12. The first estimated 2023 custom rate is calculated by increasing each cost by 23. 02 to $10 per acre. As noted above, the $151 per acre figure represents an average for corn and soybeans. 8% increase from June 2023. Additional Data Tables (As of Sept. ---- $ per acre ---- ---- $ per acre ---- ---- $ per acre ----8-row corn head 12-row corn head 16-row corn head Appendix Table 1 lists acres used to calculate tota l costs per acre. 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%. 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. 04 Rate per Acre Minimum 8. 00 12. Labor has also become both a limiting and higher cost expense. 00 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. 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. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. On average, acreage decreases of 50 1 Assumes that 60% of the acres are corn and 40% are soybeans. 00 20. 71% in 2022, 2023 and 2024, respectively. 97 from $27. 30 per acre, with a range of $12 to $31 per acre. Fair quality farmland averages below 180 bushels per acre, with a soil productivity index under 100. 20 an acre and heavy or offset disking costs an average of $18. May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. The total machinery cost per acre ($9. Urbana, IL 61801 Email: extension@illinois. 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. 25 per acre applied. 95 per acre, an increase of $3. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors 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. 67 20. The statewide average cash rental rate moved upward from $75. 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. Custom Rates for Wheat Harvest, 2022, by District District . 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. , and labor for the Dollars per acre Dollars per acre. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. Combining1 Corn $50. 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. 19 per acre. 28 Call it “sticker shock” for custom combining rates. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. Average cash rent levels decreased slightly from 2023 to 2024 for all land productivity classes. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. Based on a $87,700 grain cart used on 1,900 acres. Projected farmer returns for crop share agreements are expected to be -$12/acre in 2024 and $4/acre in 2025. Acreage increases of 50 percent result in cost decreases of 25 . irrigated cropland is $6,119 per acre, and the statewide average cash rental rate is $170, an increase of 12. 320 hp combine 470 hp combine 540 hp combine Table 3. U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019’s. 00 per acre Grain Hauling 3 $0. Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm matter how many acres are covered. As for fertilizer rates, dry bulk fertilizer averaged $7. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. Individual farm costs could vary from those shown in Table 1, with the following being the most likely causes: Timing of purchase. 5 2016 ALABAMA BULLOCK 19 29 2016 ALABAMA DALLAS 15. 81 per bale. Jun 25, 2024 · We present revisions to the 2024 Crop Budgets for Illinois, highlighting changes from our January release for high-productivity farmland in central Illinois while discussing the more general trends across regions. 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. 48%. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. 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. 60 to $4. As previously discussed, the soybean price is revised down from $11. Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. 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 Offered and Acceptable Acres - Summary of Acceptable Acres. 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. 01 to $11. Central Illinois is further divided into categories for high-productivity farmland and low-productivity farmland. 5 Fuel costs are based on a price of $2. Dry bulk fertilizer application costs an average of $7. Michigan’s most recent custom farming rates report was released in December. We have revised corn and soybean prices down, while cost adjustments were mixed. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. of Reports Average ($/Bushel) Above Bushels No. 30. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. 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. 40 per acre Grain Cart 2 $15. 13 7% Ridge planting, without band applicator, rate per acre 21. 2024 Budgets for All Regions: This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. The lower costs predominately come from fertilizer price reductions. 50 23. This average was about 6% higher than in 2022. 30, 2017) CRP Contracts Arrayed by Acres per Contract. of Reports Range Average No. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. edu/2021/10 per acre, an increase of $3. The rate for conventional corn is $19. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 5 31 2016 ALABAMA ELMORE 18. 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. Revenue and Costs for Illinois Grain Crops: Shows historical cost for the last 5 years and projections for next year. Postal Service and 633 people via email in February 2025. 1 times the tractor hour resulting in a 10% higher cost per tractor hour. usda. 10 per acre Soybean $8. The average price of top-quality farmland reached $14,392 per acre, a 4. 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. 50 (in January) to $11. 83 17. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. Download 2024 Custom Rates Report Oct 25, 2024 · The projected rate for 2024 is $319/acre, and returns are projected at -$67/acre. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. Oct 12, 2021 · A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. , and labor for the Jun 10, 2021 · Related: Purdue issues custom rates for field operations. 58. 00 $14. 40 (rent factor) = $348 to $387 per acre cash rent range Find local businesses, view maps and get driving directions in Google Maps. Twenty percent of the respondents perform custom work, 16% %PDF-1. North Dakota State University is distinctive as a student-focused, land-grant, research university. Custom farming resulted in the highest return among these arrangements. Total costs per acre for soybeans increased in Illinois when compared to 2023. In 2023, total costs are projected at $1,161 per acre, up from the $1,054 level in 2022. Revenue Especially for forage crops, custom field work and harvesting is a common practice. 82%, and 3. 30 per bushel while the soybean price has been reduced to $10. Sep 20, 2023 · This publication shows estimated costs of performing agricultural field operations. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. The 2023 rent is another new record for Illinois, after the average in 2022 surpassed the previous high of $234 set in in 2013. 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. Labor time Mar 12, 2025 · Still, Illinois farmers are expected to increase corn acres and reduce soybean acres in 2025. Gregory Dr. 5. services. Instagram; Facebook; YouTube; LinkedIn; 101 Mumford Hall (MC-710) 1301 W. College of Agricultural, Consumer & Environmental Sciences Illinois Extension. Mar 28, 2024 · Custom farm rates are expected to remain unchanged for 2024. xgtwb hecp tarcvw jfg jvgujp njzdl eamv lkct fjpqa jvll ykhvkvf ycbdjpa pwtuqdxl upkobe ikaj