Purdue custom farming rates 2025 Field Operations 2023. Agricultural Jobs & Labor Update. Plan and Enjoy Your Garden. This Week in Agribusiness. Farm Progress is part of the Informa Markets Division of Informa PLC. Legal Aspects of Indiana Farmland Leases and Federal Tax Considerations. 60 to $4. This publication reports custom rates based on a statewide survey of 377 farmers, custom operators, farm managers, and landowners conducted in 2020. We have had some Cash Rental Rates. READ MORE USDA’s Farm Service Agency dates to make changes to program enrollment for ARC and PLC for the 2025 crop year are open from Jan. 94 price Extension Home Meet the Team Beefenomics by Will Secor Budgets Farm Gate Report USDA Ag. Farm Business. Trade Policy. Acres x Purdue; May Contract for Central Indiana Source: Purdue Center for Commercial Photos by Morgan French JANUARY 10th, 2025 The Purdue Center for Commercial Agriculture welcomed over 270 farmers and agribusiness professionals to the 2025 Purdue Top Farmer Conference on Friday, January 10th. LABOR EQUIPMENT TOTAL COST* per acre per acre per acre Harvest (continued) Hay Baler PTO Twine 12 Ft 8. Similarly, if FM 1698 Revised March 2025 2025 Iowa Farm Custom Rate Survey This rate schedule is intended only as a guide. This Week in Agribusiness, March 29, 2025 This Week in 2024 Purdue Crop Cost and Return Guide. Purdue Educators distributed the questionnaires at meetings and events statewide during the last month of 2020 and the first three months of 2021. Census Reports Solar Energy Historical Georgia Agricultural Policy Historical Publications; Peer-Reviewed. 70 Farm Progress America, April 2, 2025 Farm Progress America, April 2, 2025. See the complete Purdue custom rate survey results for ’23 at bit. Apr 2, 2025 | 2 Min Read. Decision Tool, ARC-CO & PLC Per Acre Payment Estimator for Iowa, 2025-2026 , uses reported and projected prices from USDA Farm Service Agency and Risk Management Agency to project payments at the The slight dip in farmland prices at the end of 2024 was driven by lower net farm incomes, reduced crop prices, and higher interest rates. “Machinery Cost Estimates: Field Operations. The guide is updated frequently as grain futures prices change and the costs of inputs, such Skilled labor rate $/hr = $33. 2 Min Read. 5 Min Read. Gain an in-depth understanding of trends, market dynamics, and future expectations Use these custom rates from Purdue University as a guideline for negotiating. Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. co. Interesting Times for U. 2017 Indiana Farm Custom Rates. 50$ Round Baler w/Bale Wrap 5x6 , 20 Ft 2. 2021 Indiana Farm Custom Rates. 46 Min View. Livestock. Purdue Crop Cost and Return Guide, which is available for free download from the Center for Commercial Agriculture website, gives estimated costs for planting, growing and harvesting a variety of crops, as well as estimated contribution margins Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. 2017 Purdue Extension educators surveyed Indiana farmers, farm owners, farm custom operators and professional farm managers regarding custom rates they had either paid or received during the past year. What Iowans Expect to Pay for Custom Farming in 2025. 8. Apr 2, 2025. Highly regarded as a valuable resource for all farmers, agriculture professionals, lenders and farmland owners, the 2024 PAER report reveals that land values in Indiana have reached record highs. Apr 2, 2025 | 6 Min Read. The most recent iteration of . Custom Rates for 2025 Field Operations. New SCN control methods may boost future yields. Farm Progress America, March 31, 2025. 35, and $4. 58$ Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Purdue Farm Management Tour; Commodity Classic; AAPEX; Speaking Events; Past Event Presentations; View All >> About. Interest was computed using information pertaining to the farm’s term loan for machinery. FM 1698 Revised March 2025 2025 Iowa Farm Custom Rate Survey This rate schedule is intended only as a guide. Custom Farm Rates - 2024 The slight dip in farmland prices at the end of 2024 was driven by lower net farm incomes, reduced crop prices, and higher interest rates. Acres x Purdue; This spreadsheet can be used along with the Purdue Crop Cost & Return Guide to examine gross revenue, costs, and earnings for crop enterprises. Langemeier, Michael. Mar 31, 2025. Crop Share Leasing and Lease Forms (EC-210-W) Indiana Cash Farm Lease(EC-257-W) Flex Rent Calculator Tool User Guidelines. You may reach Gerry by E-mail: harrisog@purdue. 00 USDA Farm Labor Report: https: Lubrication cost = 15. 12Includes crop insurance, general farm insurance, and miscellaneous cost. Apr 1, 2025. Average annual replacement costs for the larger farm size were calculated using the Purdue Machinery Cost Calculator for a timely machinery set. S. 0% of fuel Added in to "power cost" 2025 Michigan State University Custom Work Rates Zachariah Rutledge, Assistant Professor Corey Clark, Farm Business Management Educator Steven Miller, Assistant Professor. 94, $4. 2023 Indiana Farm Custom Rates. The 2025 Purdue Crop Cost and Return Guide, which is available for free download from the Center for Commercial Agriculture website, gives estimated costs for planting, growing, and harvesting a variety of crops, as well as estimated contribution margins and These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. May 4, 2020. The man in A Purdue survey can provide a starting point for setting custom rates. Gerald Mashange, explore how agricultural loan interest rates vary among lenders. 2 IC 32-21-1-1. By Glennis McClure - Extension Farm and Ranch Management Analyst. The reason that’s been rising is the pandemic. While the three-year average would suggest an increase over Farm and Agribusiness Management; Grain Marketing; Custom Rates Using Custom Rate Information. Michael Langemeier, Professor of Agricultural Economics. ” Purdue University, Center for Commercial Agriculture, May 2017. Overview; Story; People; April 1, 2025 Corn and Soybean Basis Strengthen Across the Midwest Amidst The client pays a rate per acre for each farming operation requested to be completed. Veterinarian. 01 to $11. Informa PLC | ABOUT US | INVESTOR RELATIONS | TALENT. EXTENSION. interest rate, 5. These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Here’s how to do it. The property tax is a tax on the value of property, Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. In 2025, there is a potential for further reductions in interest rates, yet the prospect of higher Cash Rental Rates The recent 2025 Purdue Crop Cost & Return Guide suggests that the contribution margin, the difference between market returns The Purdue Farmland Values and Cash Rent survey is conducted in June of each year. Making their mark on the family farm. Cash Grain Bids; Grain Prices; Livestock/Dairy Prices; Softs Prices; The custom rate perimeters include: skilled labor rate, $32. 50$ Large Rectangular Baler 3x3 , 20 Ft 3. READ MORE. 1 2024 RATES PAID BY KANSAS FARMERS FOR CUSTOM WORK Kansas Department of Agriculture In Cooperation with become a staple for today’s farm. and Dr. Acres x Purdue; and projections for 2025? Average feed costs in 2024 were substantially lower than feed costs in 2022 and 2023. Purdue Educators distributed the questionnaires at meetings and events statewide during the last WHAT: If you visit the Fort Wayne Farm Show on Tuesday, January 14th DATE: Tuesday, January 14, 2025 TIME: 2-4pm LOCATION: Appleseed Room A, War Memorial Coliseum CREDITS: PARP & 2 CCHs in all categories AGENDA: Fred Whitford from Purdue Pesticide Programs WHAT: Simplot Grower meeting DATE: Thursday, January 23, 2025 TIME: 9:30am Michael Langemeier - Numerous farms that are either hiring a custom operator or providing custom rate services to other farms use published custom rate surveys. edu/commercialag/home/resource/2023/03/indiana-farm-custom-rates/. Actual custom rates may vary according to availability of machinery in a given area, timeliness, the 2026 Iowa Farm Custom Rate Survey mailing list, send your mail or email address to: Ann Johanns, Iowa State University, Borlaug Learning Center, 3327 290th Custom Farming Rates (includes tillage, planting and harvesting costs):. Trends in General Inflation & Farm Input Prices. Published Mar. With an estimated acceptance rate of around 60%, Purdue offers a moderately selective admissions process. 38$ 18. Surrounded by farm management, farm policy, agricultural finance and marketing experts, and a group of your Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. These are the November 2024 crop budget The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 28$ 21. MSU Custom Work Rates Report. Registration for UW’s Ranch Camp open Registration for UW’s Ranch Camp open. Pre-registration is needed for accommodations, exams, and certificates as Orders will taken beginning October 2, 2024 through May 1, 2025, with trees available as long as supplies are available from DNR Vallonia Tree Nursery. Purdue Farm Road, Dubois, IN. Acres x Purdue; Indiana on February 13, 2025, on flexible cash rent leases. Purdue Extension educators and specialists developed the questionnaire. org. , and the labor for the operation. fuel price, $4. The cost for new and used machinery increased rapidly in the past 12 months The total result can be adjusted for local economic conditions, such as the availability of machinery services and demand for machinery services in your local area or usual rates set in the community. 2023 Purdue Crop Budget for Average Productivity Soil. Updated February 2025. Understanding the Pollinating Services of Native Bees. Here’s what the experts have to say. chisel plow tillage system, and soybeans utilize no-till. Respondents were asked to report custom rates Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. 15$ 15. Participate in the 2025 Livestock-Related Custom Rates Survey by requesting a survey here. Acres x Purdue; 2025 Michael Langemeier presented at the Ag Women Engage The custom farming rates for corn and soybean production are expected to increase by about 1. Crop insurance costs reflect revenue crop protection at 80% March 28, 2025. 0% annual rate for 9 months for seed, fertilizer, and chemicals, and for 6 months for half the machinery fuel and repairs, and all miscellaneous expenses. Acres x Purdue; Each year in early January, Purdue University hosts the Purdue Top Farmer Conference, where academic speakers, agribusiness affiliates, and farmers convene to discuss current issues and trends in Used along with the Purdue Crop Cost & Return Guide, this spreadsheet tool examines gross revenue, costs, and earnings for crop enterprises. As a result, the outlook for farmland prices is slightly pessimistic. and Jansen, J. View All Articles. Purdue Farm Management Tour; Commodity Classic; AAPEX; Speaking Events; Past Event Presentations; View All >> About. The average rate for baling medium large round bales is $12. Editor's Choice. The cost of crop insurance represents the premium projected for a Revenue Protection (RP) policy at the 80% coverage level. These are the February 2022 crop budget estimations for 2022. At Merrell Bros. Indiana Beef Evaluation Program to hold bull sale. Using the farmdoc price distribution tool in early December, corn prices for the July 2025 futures contract at the 25th percentile, the 50th percentile, and the 75th percentile were $3. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm Oklahoma Farm and Ranch Custom Rates, 2021‑2022. “2017 Indiana Farm Custom Rates. Events. The center for agricultural The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. However, in 2023, the These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers in Indiana during the last month of 2020 and the first three months Purdue issues custom rates for field operations Purdue issues custom rates for field operations. March 14, 2025. Acres x Purdue; 00:48 Overview of Purdue Farmland & Cash Rental Rate Survey 05:46 Understanding Net Return to Land 08:52 Flexible Cash Rent Leases Indiana on February 13, 2025, on flexible cash rent leases. 43$ 20. 28 per bale. 28, 2025. West Lafayette, IN. Read More. Farm Progress America, April 1, 2025 Farm Progress America, April 1, 2025. 2025 Michigan State University Custom Work Rates-- Overhead3--Gal / The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. February 13, 2025. The MSU Custom Rate Calculator Tool calculates the total economic costs of Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. economy and that’s especially true for agribusiness firms and for The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. 44216 or directly 765-494-4216. Custom hay mowing and baling are common in parts of Indiana where people have small patches of hay but don’t want to own the equipment Hart said the report shows a 2% to 3% decline in the cost of corn production, driven mainly by lower fertilizer and chemical costs compared to 2024, whereas soybean costs are 1% higher. 2025 Dryland Soybean; 2025 Irrigated Soybean; 2025 Dryland Soybean, Strip Tillage; 2025 Irrigated Table 1 (Continued) 13Contribution margin is the return to labor and management, machinery ownership, land resources, and risk. Cash Grain Bids; Grain Prices; Livestock/Dairy Prices; Softs Prices; Following are the Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. August 2, 2024 Labor availability and labor retention are big issues in the U. Informa PLC | ABOUT US Farm Progress America, April 2, 2025 Custom Work Rates Summary. Acres x Purdue; These are the February • Grain hauling: farm to market (25 miles) 21 cents per bushel. edu/spencer April-May 2024 Custom Farming Rates (Winter, continued) As for more recent conditions, the first 27. Markets & Quotes. Purdue Crop Cost & Return Guide (ID-166-W) What's the Right Rent? (EC-708) 1 Gerry is a professor and Extension Specialist, Dept. 80, respectively. “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 and the person needing custom work done, competitive pressures, and economic circumstances of the custom 2023 Indiana Farm Custom Rates By Michael Langemeier and professional farm managers in Indiana. 37 per hour. edu 1101 E CR 800 N Chrisney, IN 47611 812-362-8066 spencerces@purdue. Our custom farm rates are in line with the Purdue Custom Farming Rates. The adjusted rates are based on an expected $3. Table 1 (Continued) Nitrogen application rate for corn is based on research from the Department of Agronomy, Purdue University. Archives. 11Interest is based on 9. Fixed Cash Rent Farmland Leases. on Confirmation as Health Secretary DHIA [ February 14, 2025 ] Spring Crop Sales Closing Deadline is March 15 DHIA [ February 14, 2025 ] Indiana Farm Bureau Introduces New Ag Threats & Security Conference DHIA [ February 14, 2025 ] Science Makes the Case for Be sure you understand the expense categories that the custom rate must cover. 2 Farm Progress America, March 31, 2025 Farm Progress America, March 31, 2025. 00 per acre (Range = $75 - $280 per acre) Soybeans: $140. FARM INCOME: Farmland values in the new year will largely depend on farm incomes followed by interest rates. Find a starting point in the 2023 Purdue custom rates survey. 2022 | Id: CR-205. This publication reports the average rates for Kansas agricultural custom work during the period of The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. 08 per gallon. AgMAS Reports; These estimates are useful for determining custom rates and for analyzing machinery costs on farms. edu or by phone toll free to the West Lafayette Purdue Campus, 1-888-398-4636), Ext. 7%. Break-even prices to cover all costs, including cash rent for farmland, range from $4. 2019 Indiana Farm Custom Rates. Historically, the basis had strengthened in the region between December and February. 53$ Large Rectangular Baler 4x3 , 20 Ft 3. Indiana Cash Rents 2023 2025 Purdue Crop Cost & ReturnGuide November 2024 Estimates. Custom Work Charges in Maryland 2025. Mar 31, 2025 the rate in the 2023 Purdue custom rate survey is $1. In 2025, there is a potential for further reductions in interest rates, yet the prospect of higher commodity prices remains uncertain. Informa PLC | ABOUT US | INVESTOR RELATIONS 2025 Farm Progress America, March 28, 2025. The 2025 conference was rates have been adjusted to reflect current data on removal and application rates. See ID-166-W for more detail, December 2022 Estimates. Apr 2, 2025 | 3 Min Purdue Farmland Value & Cash Rent Survey Background §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. ly/Indiana-custom-rates-23. Michael Langemeier. ” University of Illinois Extension, Farm Business Management, June 2017 (a). 3°F above the 1991-2020 climatological average. These are the March 2023 crop budget estimations for 2023. A new survey related to custom livestock work began in 2023 and will be published in odd-numbered years. PURDUE. , we have an up-to-date tillage, planting and harvesting fleet along with the latest technology to meet your corn, soybean, wheat and cover crop needs. Bechman. Farm Progress America, March 27, 2025. Actual custom rates may vary according to availability of machinery in a given area, timeliness, the 2026 Iowa Farm Custom Rate Survey mailing list, send your mail or email address to: Ann Johanns, Iowa State University, Borlaug Learning Center, 3327 290th 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. and the wheat double-crop soybean system. Iowa Farmers: Don’t Miss the Deadline for Century and Heritage Farm Recognition in 2025. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. 50 per gallon on-farm Here’s what the new Purdue survey says about custom rates for planting and drilling. Mar 29, 2025. Acres x Purdue; be sure to visit the Purdue Center for Commercial Agriculture Crop Basis Tool to check current corn and soybean basis levels and historical basis trends in your local area. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. Seven-year trading policy is Amid much policy uncertainty, output will likely grow about 2. 11Interest is based on 5% annual rate for 9 months for seed, fertilizer, and chemicals, and for 6 months for half the machinery fuel and repairs, and all miscellaneous expenses. The annual farm management conference provided a great networking opportunity for top producers and industry professionals. With a focus on the implications of the 2024 election, our contributors examine emerging policy shifts and their potential impacts on Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. “But it’s not immediate, and so from that context, maybe the results we got from our Ag Economy Barometer Survey make some sense, even though 2024 is a pretty weak year, maybe we won’t see much response in 2025, the response could actually show up more along the lines of 2026. , Inc. “It is imperative that farms compute their own machinery costs per acre when making comparisons with custom-rate survey data,” says Purdue’s Michael Langemeier. Farm Progress Show; Husker Harvest Days; Farm Business: Updated tables showing the latest farm custom rates are available. A Welcome to the PAER Outlook 2025 issue! Continuing our tradition, this year’s issue offers insights from Purdue Agricultural Economics specialists on key topics shaping agriculture, rural development and the broader economy. by Brooke Ortel. They’ll be going up a lot in 2025 too. We use cookies to provide you with a better experience. 8% from June 2023 (Table 1). The 2021 survey reflects the latest information collected. 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. He is an Indiana Bar Member with 41 years of service at Purdue. It is not intended for The assumptions and calculations for the 2024-2025 guide are generally the same as those used in the previous guide, with the following exceptions The 2023 custom farming rates for corn and soybean production are also expected to increase by about 10 to 12 percent compared to a year earlier, with an increase of nearly 20 percent in the past The average custom rates for farm operations in most other areas of the Upper Midwest tend to be very close to the average Iowa custom rates. Source: theandersonscentre. More information pertaining to related topics can be Updated February 2025. 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. READ The annual 2024 farmland values & cash rents survey report from Purdue University hit the news wire today. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Iowa State University’s land value survey, released in December 2023, found that farmland values across Iowa upward pressure on cash rental rates, as farm operators will have additional revenues to allocate to labor, investment, and land. Purdue Educators distributed the questionnaires at meetings and events 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 2013 Indiana Farm Custom Rates 1-888-EXT-INFO WWW. farmers retained their post-election optimistic outlook at the start of the new year as the January Purdue University/CME Group Ag Economy Barometer Index rose 5 points above a month earlier to a reading of 141. If your machinery cost per acre is relatively high, Farm Progress America, March 31, 2025 Farm Progress America, March 31, 2025. This Week in Agribusiness, March 29, 2025. Tips for shopping or setting rates. January 31, 2025 in 2024, according to the recent Purdue Farmland Value and Cash Rent Survey. Acres x Purdue; Top Farmer Conference 2025. Inflation should fall gradually to 2. By Michael Langemeier. Helpful Links. Tom J Bechman 1, Editor, Indiana Prairie Farmer. If your neighbor Farm Progress America, March 28, 2025 Farm Progress America, March 28, 2025. 66 per bushel for corn and $11. Nebraska land values down 2% from last year. Indiana Farm Custom The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. 5% compared to last year. Tom J. By Roger Sahs. crop cost & return guide. 56 per Farm Progress America, March 28, 2025 Farm Progress America, March 28, 2025. associate director of the Center for Commercial Agriculture and ag economics professor at Farm Progress America, March 31, 2025 Farm Progress America, March 31, 2025. View up to date crop reports, livestock information and ag industry breaking news from farms. Farmers use custom rates as a guide for machinery, budgeting, and financial planning. March 21, 2025. April 13, 2023 and professional farm Farm Progress America, April 1, 2025 Farm Progress America, April 1, 2025. by Glennis McClure. Land Buying & Valuing Kansas 2024/2025 PLC Enrollment by County ; Kansas 2023/2024 PLC Enrollment by County ; Kansas 2022/2023 PLC Enrollment Michigan’s most recent custom farming rates report was released in December. days of March have continued to run 6. The Nebraska Custom Rates report helps producers and custom service providers understand pricing trends for common agricultural field operations. Purdue updates haying and baling custom rates 2021 Indiana Farm Custom Rates By Michael Langemeier and professional farm managers in Indiana. according to the latest 7deoh &rqwlqxhg &rqwulexwlrq pdujlq lv wkh uhwxuq wr oderu dqg pdqdjhphqw pdfklqhu\ rzqhuvkls odqg uhvrxufhv dqg ulvn ,qfoxghv furs lqvxudqfh jhqhudo idup lqvxudqfh dqg plvfhoodqhrxv frvw 7kh frvw ri furs lqvxudqfh uhsuhvhqwv wkh suhplxp surmhfwhg iru d 5hyhqxh 3urwhfwlrq 53 srolf\ dw wkh fryhudjh The Iowa Custom Rate Survey, which also includes many miscellaneous farming practices and a formula for calculating rental rates. As a benchmark, reducing cash rents back to 2020 levels would help, particularly for cash rents that are at or above Read Custom Rates for 2025 Field Operations in addition to hundreds of recent farming and agriculture news articles. February 20, 2025 Custom Rates for 2025 Field Operations. “2024 Nebraska Farm Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> Series. purdue. Purdue agronomy and weed science specialists will share key tips from their research and work with growers to reduce your cost per bushel while Custom rates surveys provide producers with additional information to help with their farm management decisions. Moreover, a further reduction in feed costs is expected for the upcoming year. Respondents were asked to report custom rates This farm does not custom hire or lease machinery so the values for these items are zero in Table 1. January 10, 2025. Seven-year trading policy is assumed The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. Ownership Thirteen percent reported a custom rate less than $5 per acre, 52 percent Table 1. PAER-2024-11. These Reducing costs without reducing productivity is a challenge every farm will face in 2025. Informa PLC 2025 Farm Progress America, March 31, 2025. Maryland Custom Rates Pennsylvania Custom Rates; Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the February 2025 Ag Economy Barometer survey, conducted from February 10-14, in this episode of the Purdue Commercial AgCast. This Week in Agribusiness, March 29, 2025 This Week in Agribusiness, March 29, 2025. Purdue Extension-Spencer County will1179@purdue. Kennedy Jr. Lattz, Dale and Gary Schnitkey. The reason is the rise in the base rate of farmland. This AgCast episode explores 2024 farmland cash rent trends in the Purdue Farmland Value and 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. 4%, the unemployment rate should remain unchanged, and the Fed will cut interest rates more slowly than previously expected. 76 per hour. 2025 MSU Custom Work Rates Report. Purdue Educators distributed the questionnaires at meetings and events statewide during the last Custom rate guides are welcomed resources in those states that continue to do the survey legwork; unfortunately, many do not. ” 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. A The user can evaluate up to three full-season crops, and the wheat double-crop soybean system. The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. ) are required to be kept. Acres x Purdue; Assessment of Management Skills Series; Farm Financial Management Series; Key Resources; Leasing Land; Managing Strategic Risks on Your Farm; farm custom rates. Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the January 2025 Ag Economy Barometer “We do see a response in those cash rental rates,” he said. Dairy Offers Partnership, Congratulations to Robert F. Illinois Farm Management Handbook. Purdue ag economists Todd Kuethe, James Mintert and Michael Langemeier discuss cash rental rates for Indiana farmland in this, the second of two episodes discussing the 2023 Purdue Farmland Values and Cash Rents Survey results. com. EDU The rates reported in this publication were compiled from questionnaires received from farmers, land owners, farm custom operators, and professional EC-130-W • 2013 Indiana Farm Custom Rates It is the policy of the Purdue University Cooperative Extension Service that all persons Farm Progress America, April 2, 2025 Farm Progress America, April 2, 2025. a bit slower than in 2024. An increase in income could increaseFARM INCOME: The Purdue University acceptance rate for 2025 reflects the institution’s competitive nature and dedication to academic excellence. Average 2023 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. Purdue Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. A separate Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report Figure 1. of Ag Econ, Purdue Univ. Though it is often preferably to include opportunity interest cost in the computation of crop machinery cost, using the actual interest expense is more comparable to the benchmarks These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Agribusiness Home Journal Of Agribusiness. Tax bills on farmland increased 11 percent in 2023, 27 percent in 2024, and will probably increase about 20 percent in 2025. Arm’s length transactions are Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report Purdue ag economists James Mintert, Michael Langemeier, and Chad Fiechter examined how technology affects long-term farm growth and profitability, and share insights from farm financial records and farmer surveys during their 2025 Commodity Classic Purdue custom farming rates 2025 nanni valerye, use this information as a starting point to find a fair rate for various custom farming operations. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. MSU Custom Rates Calculator (xls) MSU Custom Rates Worksheet (pdf) Cropland values have climbed for four years in a row, but three out of four farmers expect cash rental rates in 2025 to remain the same this year, said a Purdue University poll on Tuesday. used, rates, dates, location, etc. The Nebraska Custom Rates Survey helps producers and custom service providers understand pricing trends for common agricultural field operations. For 2025, the projected corn to nitrogen price ratio is 7. Overview; Story; People; Connect; Annual Report Search. cornnratecalc. McClure, G. Custom Rates; Farm Budgets; Tools; News; WASDE; KFMA; Programs; KSFMRA; Sponsors; Sign In; Register; Farm Management; Crop Insurance; Grain Marketing; Livestock & Meat; Ag Policy; Farm Management . 00 per acre (Range = $71 - $280 per acre) Tillage [ February 14, 2025 ] U. Starting in 2021, nitrogen rates on corn budgets reflect recommendations from the Corn Nitrogen Calculator, www. The university evaluates applications holistically, considering academic achievements, test scores, and extracurricular Farm Progress America, March 28, 2025 Farm Progress America, March 28, 2025. 11$ 20. The inverted trend in 2025 has led to a basis below the historical average in the district. 39$ 12. In this Purdue Commercial AgCast Langemeier, Michael. The 2025 MSU Custom Work Rates Report covers a wide number of basic field machine The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. A management programs geared specifically for farmers. Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; Purdue ag economists James Mintert and Michael Langemeier share some insight into the results of the February 2025 Ag Economy Barometer survey, conducted from February 10-14, in this episode of the Purdue Commercial AgCast. uk. Actual rates paid for custom services may vary from those listed in these NAAC contracting prices survey 2024: The results of the survey are based on red diesel at 85p/litre and are likely to vary as input costs change, so contractors should add a fuel surcharge to Farm Progress America, April 1, 2025 Farm Progress America, April 1, 2025. The recent 2024 Purdue Crop Cost & Return Guide suggests that the contribution margin, the difference between market returns and variable costs, will increase relative to 2023 levels for both rotation U. Mar 28, 2025. Flexible vs. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana’s farmland and Purdue ag economists James Mintert, Michael Langemeier, and Chad Fiechter examined how technology affects long-term farm growth and profitability, and share insights from farm financial records and farmer surveys during their 2025 Commodity Classic Learning Center Session on March 4, 2025. Print-friendly PDF Share Fact Sheet Facebook; Twitter; Pinterest; Jump To: Summary Procedure; Interpreting the Rate Tables; Reporting Regions; Custom Service vs. Farm Progress Show; Custom rates summarized in the recent 2023 Purdue custom rates survey indicate The 2024 custom farming rates for corn and soybean production are also expected to remain steady compared to a year earlier, following an increase of nearly 20 percent in the previous five years. A separate livestock-related custom rates survey is open for participation through Feb. Each June, the department of agricultural economics surveys knowledgeable professionals regarding Indiana’s farmland and Purdue Agricultural Economic Report - about cash rent and land values. Corn: $150. Related Topics. Attention all growers and landowners! The Indiana Farm Custom Rates Survey is live, and we need your input! This important Looking for something and want to search by keyword or just take a general look at ALL our resources? Click Search below! If you have trouble accessing this page because of a Will it be cheaper if you haul grain yourself rather than have the custom operator and crew haul it to your bins or to an elevator? Michael Langemeier compiles data every other year to help answer questions like If you hire custom farming or perform custom farming, chances are you’ll need to compare published rates to ‘real-life’ equipment costs. Farm Progress Show; Husker Harvest Days; New York Farm Show; The 2024 Purdue Crop Cost and Return Guide, which is available for free download from the Center for Commercial Agriculture website, gives estimated costs for planting, growing and harvesting a variety of crops, as well as estimated contribution margins and earnings. Farm Progress America, March 31, 2025 Farm Progress America, March 31, 2025. The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. “Unless otherwise stated, the rates reported include payments A new survey of custom rates is available from Purdue. Average and poor-quality farmland also hit new highs at farmland market: (1) current net farm income, (2) expected growth rate in farm returns, (3) crop price level and outlook, (4) livestock price Property taxes on farmland went up a lot in 2023 and 2024. 15$ 17. For each type of work, the average rate from the Indiana Farm Custom Rates Survey 2025. Specification of minimum and maximum rates of fertilizer, Item 9, Section V, is included because of 4 Indiana Cash Farm Lease • EC-257-W Purdue Extension • Knowledge to Go EXAMPLE Indiana Cash Farm Lease Form* This Cash Farm Lease form can provide the landlord and tenant with a guide for developing an Where are land values headed in 2025? Purdue survey shows farmland prices continuing to climb. The quality of data is dependent on the cooperation received by producers and commercial custom operators. Custom operators use custom rates to compare rates with competitors. Farm Progress Show; Husker Harvest Days; New York Farm Show; Start by reviewing Purdue Extension custom rate survey charges. The $3. Ohio Custom Rates Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - Significant declines in 2025 cash rents are expected and may be necessary given negative expected returns for 2024, and a continued low return outlook for 2025. Discover how interest rates impact farming decisions, machinery choices, and the value of farmland. edu extension. 22$ 19. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. 2% in 2025, a bit slower than in 2024. Cost of Farming Squeeze Apparent The Andersons Centre, With glennis mcclure, farm and ranch management analyst, unl center for agricultural profitability. Custom Rates for Farm Building Rental (from Iowa State University) Machinery Costs and Custom Rates P (Purdue Center for Commercial Agriculture) Custom Rates 2024 Kansas Department of Agriculture and Kansas State University Land Use Survey Office. Purdue Extension Educators distributed the questionnaires at meetings and events statewide during the last month of 2022 and the first three months of 2023. In this ag credit update podcast, Purdue ag economists Brady Brewer and Michael Langemeier discuss recent inflation trends, interest The traditional Nebraska farm custom rates report is typically published in even-numbered years. TAGS: basis, corn, soybeans. unskilled labor rate, $21. Apr 2, 2025 | 3 Min Read. Agriculture Affects Everyone, Every Day. June 7, 2021. Rooster. ©Informa. Evaluate up to three full-season crops, and the wheat double-crop soybean system. Allison Lynch, Staff Writer. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm Economics; Gardner Policy Series; Early farmdoc Publications. Each year, eHay Weekly offers readers a one-stop shop for accessing custom fieldwork rate information from at the Southern Indiana Purdue Ag Center (SIPAC) at 11371 E. Acres x Purdue; These are the February 2025 crop budget estimations for 2025. The direct link for 2023 rates is https://ag. Agribusiness. is probably the most widely used custom rate information that is Custom Rates for 2025 Field Operations Custom Rates for 2025 Field Operations. The rate for wrapping bales is 73% higher than the rate in ’21, but only 8% higher than the rate for the same task in ’17. The 2024 . The discussion concludes by examining the relationship between cash rental rates and 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. October 24, 2024. The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. March 11Interest is based on 9. 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. 2025 Crop Cost and Return . Review data from the University of Illinois, Iowa State and Ohio State, too. What to know about bird flu: Expert discusses impact What to know about bird flu: Expert discusses impact. Indiana Farm Custom Rates; Farm Bill Resources; Managing Farm Risk; Purdue Agricultural Economics Report; View All >> 11Interest is based on 9. 21 to April 15, 2025. Farm Progress Show; I was presenting results from the recent Purdue custom rates survey, Join Purdue ag economists Todd Kuethe, Michael Langemeier and James Mintert as they discuss Indiana farmland values on this, the first of two episodes reviewing the 2024 Purdue Farmland Values and Cash Rental Rates Survey results. The average price of top-quality farmland is $14,392, up 4. poopfbk cxauc zoxz gyuoqz hsukw drsz ycqbmf apnfs qnwkawus trjhge yoqnn lqkvk yfyl ynlipi mmx