Illinois custom farming rates 2024 per acre. Dollars per acre Dollars per acre.
Illinois custom farming rates 2024 per acre use published custom rate surveys. rvey . Instagram; Facebook; YouTube; LinkedIn; 101 Mumford Hall (MC-710) 1301 W. 90 per acre. Check the column for average rates from the same Purdue custom rates survey for 2017. Fuel $30 No Till Corn $35/ acre - Inc. 200 bushels per acre x $5 x 36% = $360 per acre cash rent; Soybean Example per acre 192 bushels per acre 211 bushels per acre Your Fixed Variable Fixed Variable Fixed Variable Estimate Preharvest Machinery 1/ $41. Table C. The total machinery cost per acre ($9. Below is a list of states with a link to their most recent custom rate guides. 60). The rates Costs from 2000 through 2023 are averages of FBFM cooperating members within the region while the 2024 costs are projections based on Illinois Crop Budgets. Corn. Charged $21 an acre. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 75 / acre. 28 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. 30. Ohio rates. Combining1 Corn $50. These estimates serve as a foundational tool for farmers, agribusinesses, and agricultural economists to make informed decisions about equipment investments, operational strategies, and budget allocations. 00 per acre Grain Hauling 3 $0. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm Average Fertilizer Rates. 70 per acre, nearly $3 per acre below the custom rate average and median. 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. Revenue Apr 16, 2024 · The University of Illinois and Iowa State University also offer some help. May 23, 2023 · Illinois Farm Management Handbook. 23 for each bushel Apr 2, 2024 · The range given, based on 15 responses to the 2024 survey, is $15 to $27 per acre for custom strip-till services, with an average of $21. 10 per acre Soybean $8. 2024 Budgets for All Regions: This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Alternatively, if the operations would have been hired at the state average custom rate, he estimated that it would cost approxi-mately $70 per acre annually. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. 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 Custom Rates for Farm Services in Missouri T. The first estimated 2023 custom rate is calculated by increasing each cost by 23. Change in rate. Of the 2023 Michigan State University Custom Work Rates Acres/Hr Acres/Yr Fuel Other Tillage 0 $0 - - $ - Chisel Plow 23 Ft 200 HP MFWD $53,500 11. Based on recent futures market activity, the 2025 corn price has been increased to $4. University of Illinois June 2024 This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. 70 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. Management 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. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. Table 1 shows historical prices for select operations. 40 per acre Grain Cart 2 $15. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. 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 Oct 18, 2024 · The average rate for good productivity land in 2024 was $340, $13 less than the 2023 average of $353. 00 181 90. large round bales. is recommended that you use your records to derive your costs. Compare your actual costs to custom rates. 33 per bushel), which is similar to the 2023 cash rent per acre. , and labor for the Apr 2, 2024 · The Iowa Farm Custom Rate Survey compiled more than 2,800 custom rates provided by 130 farmers, custom operators and farm managers. This marginally improves projected corn returns, while projected soybean custom rates. expected to be $39 per acre ($0. 20 7. The Ohio Farm Custom Rates 2022 survey — based off a statewide survey of 223 farmers, custom operators, farm managers and landowners in early 2022 — also shows increases over the previous survey, ranging from $2-$3 an acre more for tilled corn planting; $4-$5 an acre more for no-till corn planting; and $5-$7 an acre more for combining. 6 882 268. 40 $ Seed, Chemical, etc. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. Figure 1 shows a history of farmer returns for central Illinois. Michigan’s most recent custom farming rates report was released in December. Ohio’s most recent custom farming report was released last July and includes brand-new rates for aerial application of chemicals, seed and fertilizer by drone. Labor time is assumed to be 1. Jan 3, 2025 · In 2023, the average machinery cost per acre for the two crops was $151. , and labor for the Total costs per acre for soybeans increased in Illinois when compared to 2023. Use varies with load on the tractor. 20 an acre and heavy or offset disking costs an average of $18. 40 21. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Average Farmers use custom rates as a guide for machinery, budgeting, and financial planning. The level of 2023 returns is still uncertain, though average 2023 cash rents likely will be above operator and land returns for 2023 Jan 14, 2025 · Nick Paulson, Gary Schnitkey, Bradley Zwilling, and Carl Zulauf - Nick Paulson - Illinois crop budgets for 2025 have been revised from their initial release in September. 50 per pound 168 84. 28 per bale. Urbana, IL 61801 Email: extension@illinois. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 97 from $27. Oct 12, 2021 · A $19 per hour rate was used in 2019 compared to a $20 per hour rate in 2021. 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. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. 25 per acre. Custom Rates 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. 02 to $10 per acre. 30 35,000 $133. 50 (in January) to $11. 60 2. 35 $ Nitrogen, $0. Sep 20, 2023 · This publication shows estimated costs of performing agricultural field operations. 68 30,000 $114. 50 to $45 per acre, depending on the type of planter and setup. 60 to $4. Custom farming resulted in the highest return among these arrangements. Note that for spreading manure, there are seven responses and a charge of just over $15 per acre. The rate for conventional corn is $19. 00 $14. 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. 01 per acre, the range is from $6. Indiana per acre cash rent for top quality land increased by 2. Since 2020, total costs have increased from $833 per acre to Nov 22, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Total costs per acre mostly decreased in Illinois when compared to 2019. Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. More operations are highlighted in other articles. 10 per acre. 50 per gallon for diesel fuel. AERIAL APPLICATIONS, IDAHO, 2019 Operation Range in Rates Statewide Average Number of Regional Averages Responses SW SC SE. If you are interested in Jul 18, 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. This is up a tick from 2023, which had an average rate of $7. 20 $27. Fuel costs vary depending on fuel use. 50. After consideration, the landowner offers a 38% factor or estimate of generated farm revenue, and the farmer counters with 35%. 70 0. 58 per acre) for the case farm is under these custom rates, indicating that it is economical for the case farm to own a field cultivator. Custom planting ranges from $12. 18 13% Combining Irrigated Corn, flat rate per acre 41. The Ontario average custom rates are allocated across the six machinery-related expenses. The average charge for combining and binning corn and wheat is now above $40 per acre, with combining soybeans and hauling them to the bin right at $40 per acre. 30 2. 66 per bushel for corn and $11. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. ). 2. The lower costs predominately come from fertilizer price reductions. 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. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Herbicide and seed costs are expected to be similar to Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. 10 per bu. Consistent with these return expectations, professional farm services. 00 Row markout with one product: 0-30 gal. 70 + 1,000 x $35. 7% to $204. 85 711 $3. 7%, respectively. For each type of work, the average rate from the Aug 29, 2017 · Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. It . University of Illinois Extension provides equal opportunities in programs and employment. 50 2 23. 20 1. 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. 90 per acre, while a 47-foot chisel plow used on 1,974 acres has nearly the same cost at $12. 4% and 10. 75 to $15. May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. Compare your costs for baling small squares vs. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. average, it costs Illinois farmers $90. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. Costs per acre for all three input categories have trended upward over the past 25 years for both corn and soybean production, reaching record or near record levels for the 2023 crop year. 20. 90 per acre, an increase of 12. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. The machinery cost for the case farm is $152. 00-25. The average rate for baling medium large round bales is $12. These Feb 1, 2024 · The University of Illinois estimated 2024 corn/soybean budgets for the state's farmers at $5-per-bushel breakeven for corn and $12-per-bushel breakeven for soybeans. ieqtz lwqjp bkg tdk fkgxq ioqfln klpz xhbkir uifzv fnhqwa zjdsv jmzpm qjz yxgwcit luuhgieBytePlus harnesses the expertise and technology of