Minnesota custom farming rates 2024 per acre Nov 4, 2024 · Calculating the total economic costs of providing a custom service, the tool’s insights reflect the cost of ownership of the tractor and implement, as well as the operating costs for the custom operation. 00 $4. 2024 Nebraska Farm Custom Rates Report Based on the table, the average rate for planting no-till corn is $21. Introduction . Table 4. , and labor for the Aug 29, 2023 · Center for Farm Financial Management University of Minnesota 130 Ruttan Hall, 1994 Buford Avenue St. The University of Idaho conducts a Custom Rates Survey every 4-5 years. This was up 6 percent, $340 per acre higher than last year's value. 7. May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. 00 - $21. Any new customers I'm doing $7. This is up a tick from 2023, which had an average rate of $7. 4. Here is just a sampling of Michigan’s custom rates, total cost per hour of use. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. 71 21. 18 13% Combining Irrigated Corn, flat rate per acre 41. 1% from last year’s cash rental rate. Pauline Van Nurden, Rann Loppnow and Dale Nordquist - Center for Farm Financial Management, U of MN . Apr 22, 2021 · Custom farming rates (tillage, planting and harvesting costs): Corn: $130 per acre (range: $75-$240) Soybeans: $115 per acre (range:$70-$220) Small grain: $110 per acre (range: $80-$122) Nov 2, 2023 · Rates in different areas of Michigan may be higher or lower than the state average depending upon several factors. 35 $ Nitrogen, $0. The MSU Custom Work Rates report offers a base to determine a fair exchange value for both the provider and recipient of custom work. 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. Experience is the best guide to help budget machinery costs. 00 above the previous year. Jun 27, 2022 · Moldboard Plow (sod) $23/ acre (stubble) $19/ acre Chisel Plow $20/ acre Heavy Disking $20/ acre Springtooth Harrow $16/ acre Cultivating $16/ acre Corn Planting $32/ acre - Inc. Feb 16, 2024 · It is common for small custom jobs to have a 20% to 30% higher cost of operation than a larger job, she adds. Indiana per acre cash rent for top quality land increased by 2. Average Fertilizer Rates. Paul, Minnesota 55108. The statewide average per acre cash rent for poor-quality land, however, fell by 3. Additionally, input costs and interest rates could change at any time. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. Historical rental data is included. 13 7% Ridge planting, without band applicator, rate per acre 21. Table 1 shows historical prices for select operations. To see the full report for all operations, complete with all qualifying comments, visit 2021 Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. This publication is only a guide. 77 12% Ridge planting, with band applicator, rate per acre 23. 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. Vertical tillage averages $19. 25 per acre. 1 percent) from the previous year. Mar 21, 2025 · The annual Iowa Farm Custom Rate In 2024, overall rates were pest control, harvesting, and hauling to farm (no drying) is $165. 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. Sep 20, 2023 · These estimates are useful for determining custom rates and for analyzing machinery costs on farms. News 27 March 2024 Mar 29, 2022 · One of the best resources for average custom rates is the annual Iowa Farm Custom Rate Survey that is coordinated and analyzed by $130 per acre (range = $75 - $250) Soybeans: $120 per These prices do not include the cost of materials. On average, acreage decreases of 50 per acre 192 bushels per acre 211 bushels per acre Your Fixed Variable Fixed Variable Fixed Variable Estimate Preharvest Machinery 1/ $41. 15 per acre and for soybeans is $68. Mar 26, 2024 · Injecting anhydrous without a tool bar had an average rate of $13. The survey is administered through the K-State Land Use Survey Center and will be open through April 30, 2024. The average flat rate in 2024 for harvesting wheat was $31. 5. 85 711 $3. The National Agricultural Statistics Service's mission is to serve the United States, its agriculture, and its rural communities by providing meaningful, accurate, and objective statistical information and services. 83 $7. These rates have increased since last year’s survey from $12. The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. 13 $6. Over the last 20 years, the price of farmland per acre in the United States has risen by an average of 0% per year to $0 per acre as of 2019. Ohio Farm Custom Rates 2024 Operation Standard Mechanical Weed Control Average Responses Max Min Median Deviation1 High Low Rotary Hoeing / acre $12. Compare your costs for baling small squares vs. 40 $ Seed, Chemical, etc. They supplied information based on their best judgments about typical cash rental rates for high, medium, and low quality The United States farm real estate value, a measurement of the value of all land and buildings on farms, averaged $4,080 per acre for 2023, up $280 per acre (7. 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. I have a 95hp 4x4 tractor with a 4 bottom plow. Surveys were mailed/emailed to past Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. 53 8% Spraying Weed Control, self-propelled sprayer, rate per acre 8. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. 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. Farmland Prices. In Monroe County, factors influencing custom machine work can include field size and shape, ease of access, amount of non-farm traffic to get to the field, machine size, width of roads or bridges, trash, weeds, trees or brush hindering work in the field, depth of field drainage The agency has the distinction of being known as The Fact Finders of U. 9% to $47. 70 Mar 27, 2024 · This charge, prepared by Kent Thiesse, shows "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. PAER-2024-09. FBFM average cash rents are not available for 2023. Especially for forage crops, custom field work and harvesting is a common practice. These Mar 7, 2024 · Lease rates per acre can vary depending on the region in the USA but typically range from $300-$2,500 per acre annually. "Complete Jul 3, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. 90 per acre, an increase of 12. 23 for each bushel 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. 00 per acre, or 20 - 70 cents per cow unit per day, or $8. Also, per-acre costs and hours of annual use will likely vary for each producer and operation, so producers should use their own costs whenever possible. Combining corn shows an average of $41. Fuel Small grain no-till $27/ acre - Inc. the result by the estimated annual hours of use. calculated by inflating the 2020 custom rates using two different inflation indexes. Lenders, educators, and government agencies use custom rates for budgeting, advising, and analysis. These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. edu Jun 10, 2021 · Related: Purdue issues custom rates for field operations. RE: Custom Rates extra per bushel of wheat for yields greater than 27 bushels per acre. 30 35,000 $133. Minnesota's farm real estate value, a measurement of the value of all land and buildings on farms, averaged $6,450 per acre in 2024, according to the USDA, National Agricultural Statistics Service – Land Values 2024 Summary. 60 per acre (Range = $75 - $275 per acre) Soybeans: $139. 9% increase in the combining dryland corn rate state average rate to $45 per acre, and soybean harvest rate increased to 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. That means there are rents both above and 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. Prices have increased a lot over the past three years. May 31, 2023 · So I ended up setting my rates for current customers at $6. 75-2 gallons per acre, sisal twine at 15 wraps per bale cost $. More operations are highlighted in other articles. Per acre costs will vary based on the amount of use of the grain cart. 00 20. As for fertilizer rates, dry bulk fertilizer averaged $7. Feb 10, 2025 · The average price of top-quality farmland reached $14,392 per acre, a 4. Custom planting ranges from $11 to $40 per acre, depending on the type of planter and setup. 00 per cow unit per month, depending upon pasture quality. Farmers can expect that contracting rates would be 25 per cent higher than OMAFRA's values. No-till planting rates are $16. U. 81 per 1,000 kernels 28,000 $106. 25-per-bushel corn for an extended period or soybean prices decline to $11 per bushel, farm incomes would take a hit, and that would pressure land values," Halderman explains. Updated 8/2024 . percent result in 80% increases in costs. Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. ISPFMRA rents increased from $369 per acre to $412, an increase of $43 per acre. The 2024 Crop Budget Study was completed using a combination of surveys from custom hire businesses, seed cleaners, farm suppliers, crop advisors and growers. Michigan’s most recent custom farming rates report was released in December. is often referred to as “custom farm work” or more simply, “custom work”. In Table 5, the 1,000 bushel grain cart is assumed to be used on 1,900 acres. 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. 65 per acre on average, while sidedressing is $12. Units Seed, $3. 63 47. The $/acre rate is often used because it fixes the renter’s cost and allows the owner/ operator to adjust the operation to the conditions. 65 per acre (Range = $70 - $275 per acre) 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 customer to the custom work provider. 50 per acre base price plus $150/hour travel time. Jan 16, 2024 · Farmland Values. The average rate for baling medium large round bales is $12. Fuel Broadcast Seeding $16 - $20 Variable Cost, Overhead Cost, and Gross Revenue per Acre . 01 per acre, the range is from $6. Custom Rates "Complete Harvest (Computed)" adds individual custom rates for mowing/conditioning, raking, baling, and moving/storing (where applicable) to estimate a custom rate for these combined operations. Mar 25, 2024 · Average 2024 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining Table. This page provides a historical perspective on rental rates paid by a group of Minnesota farmers and trends in those rental rates over the past five years. Which I think is pretty reasonable. Tips for shopping or setting rates Part I of the survey focused on spring and summer farm and ranch operations such as planting, tillage, and baling hay. Dec 27, 2023 · Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. While many farmers do custom jobs for their neighbours, it can be difficult to know what to charge. The state average for harvesting irrigated corn increased 14. The land rental data shown in the data tables is extracted from , a database of farm recordFINBIN summaries of over 2,000 Minnesota farms. percent. Are you considering leasing your land to a solar farm? If so, you may wonder about the lease rates. 25 per acre applied. On average, acreage decreases of 50 . ). 50 for under 10 gpa, $7 for 10gpa and $7. This represents an increase of $0 per acre of farmland over this time period. 83 17. Todd Kuethe, Professor and Schrader Endowed Chair in Farmland Economics. Average and poor-quality farmland also saw gains, with prices increasing 3. 20 per acre without attachments and increases to an average of $27 per acre for planting with a high-speed planter. What would be a fair rate to charge. Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Due to the high cost of investment in farm machinery, an ever-increasing number of farm operators are hiring other farm The next portion of each table shows expenses on a per acre basis. 00 181 90. 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 farmers, custom operators and farm managers, according 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. Table 5 shows estimates of per acre costs for the different sized grain carts. Liquid spraying costs $7. Assumptions for the computed harvest include 1. Ohio will release its biannual custom rate report in May or June. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. READ MORE Grain Harvesting In some locales there is both a fixed rate per acre and a variable rate per bushel charged for combining. , and labor for the Mar 3, 2025 · Pennsylvania and New York last updated custom farming rates in 2022. Aug 29, 2017 · The total machinery cost per acre ($9. As acres increase, yearly depreciation and interest costs are spread over more acres for a given implement size. Jul 10, 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. 88 21. Mar 28, 2023 · Custom Farming Rates (includes tillage, planting and harvesting costs): Corn: $152. 20. Sierra Day , Field editor For spraying, while the average is $8. 23 for each bushel The quality of data is dependent on the cooperation received by producers and commercial custom operators. Soybean seed prices include Round-Up Ready® varieties. The complete 2017 Iowa Farm Custom Rate Survey for all farming practices is at the following website: bit. 30 per acre, with a range of $12 to $31 per acre. May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. for soybeans (as of 10-01-24). While the farmland market has been robust in recent years, there are signs that price growth may ease in 2024. The hourly rate ($/hr. , and labor for the operation. However, these prices can range significantly, from $30 to $80 per acre, depending on various factors like field size and additional services required. 14 $1. 20 $27. 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 certain field operations. Mar 27, 2023 · 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. Field Operations 2023 Department of Agricultural and Consumer Economics Jan 16, 2025 · Decision Tool, ARC-CO & PLC Per Acre Payment Projections by Crop and County for Iowa, 2019-24, provides projections on Iowa county level payments under ARC-CO and PLC for the 2024 crop as well as historical payment data for crop years 2019 through 2023. The 2025 Custom Work Rates report covers a wide number of basic field machine operations. The rate for conventional corn is $19. 18 $3. 68 per bushel at 200 bushels per acre. Welcome to Olsen Custom Farms, where tradition meets innovation in the heart of southwestern Minnesota. Minnesota farmers experienced a drastic reduction in farm income in 2023 primarily caused by decreasing prices for corn, soybean, and other commodities and challenging profitability for the dairy and hog sectors. is recommended that you use your records to derive your costs. Check the column for average rates from the same Purdue custom rates survey for 2017. 1, 2024, according to the final report from the University of Nebraska-Lincoln’s 2023-2024 Farm Real Estate Market Survey. Rotation soybeans are drilled with a seeding rate of 169,000 seeds per acre with a 90% germination rate. 8% increase from June 2023. 50 acre for 30 inch row soybeans and corn and $19. 19 per acre. 23 $4. The numbers are based on surveys received from custom operators, farmers who hired custom work and farmers who performed custom work. custom rates. ) is then divided by the work rate (acre/hr. Agriculture due to the abundance of information we produce. Average 2017 farm custom rates for some typical tillage, planting, and harvesting practices, as well as custom farming rates, are listed in the adjoining table. for corn and $10. Acreage increases of 50 percent result in cost decreases of 25 . The 2025 report was published in the March edition of Ag Decision Maker and includes 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators and farm managers. ly/2017IowaCustomRates Cash Rental Rates for Iowa 2024 Survey The cash rental rate information presented in this publication is from a survey of farmers, landowners, agricultural lenders, and professional farm managers. Central MN $32. Approximately 1,370 reports from farmers and ranchers, elevators, custom harvesters and other custom operators were tabulated. The report contains state and regional level custom work rates for harvesting, drying and hauling crops, seed preparation, hauling hay and livestock, and other custom work for fall operations. Most custom rates saw an increase of 10-15%. Seeding rates for corn are 27,000 seeds per acre on low productivity soils and 33,000 seeds per acre on average and high productivity soils. The Ontario average custom rates are allocated across the six machinery-related expenses. Appendix Table 1 lists acres used to calculate total costs per acre. Sep 4, 2024 · 2024 custom rates information provided in Table 1 shows a significant increase in per-acre harvest rates for corn and soybeans. 31 per bushel at 180 bushels per acre and to $5. 70 per bale, with large round bales coming in at $13. 50. 10 per acre with the tool bar. 84 per acre for 2024, a 15. he rates reported in this guide summarize . Appendix Table 1 lists acres used to calculate tota l costs per acre. 00 - $90. 77 $1. 73 11 $20. The rates provided are to help custom operators and farmers make decisions about rate charges. Pasture grazing rents have ranged from $15. Historical farmland sale prices in southwest Minnesota. Therefore, costs per acre decline as acres of use increase for a given implement size. Mar 20, 2023 · Most custom rates saw an increase of 10-15%. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. This publication reports custom rates based on a statewide survey. 74 23. 81 per bale. — The Kansas Department of Agriculture is seeking feedback from Kansans for the 2024 Custom Rates Survey to collect information on rates paid for agricultural custom work. 1% compared to $5,458 in 2023. large round bales. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom work provider. 37 $4. 28 per bale. Few responses. 5-3 bales per acre for 2nd cutting For my tractors total fuel usage to cut, ted, rake and bale is 1. Rotation Corn in Indiana. It . “Generally, 2024 custom rates are down slightly from 2023,” she notes. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. 87 $1. 00 per acre, according to the Iowa Farm Custom Rate Survey. 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. steady or increase in 2023. 65 per acre for spraying and $12 per acre for side dressing – both down from 2023. Custom rates reports. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Overall, total operating costs for barley in 2024 relative to 2023 are projected at 6% The average custom rate for combining corn in 2024 is approximately $42. 00 acre for corn planting with fertilizer attachments. 00 per acre, $2. Oct 24, 2024 · USDA is estimating the MYA average prices for the 2024-25 marketing year at $4. 10/bu. Liquid application ranged from $7. Southwest Minnesota bare farmland sale prices; Highest, lowest and average recorded prices; Comparing assessor's estimated market values and actual sale prices; Percentage of farmland price change from previous year Feb 6, 2024 · The projections in Table 2 show that seed, custom and consultants, machinery, and labor costs are expected to increase between 1% and 5% in 2024 relative to 2023, while those for pesticides and fertilizer are expected to decline by 8% and 14%, respectively. Dry bulk fertilizer application costs an average of $7. Mar 28, 2024 · Custom farm rates are expected to remain unchanged for 2024. 97 from $27. Pasture rental rates, tree timber values. Title: SKM_C300i23041714050 Created Date: 4/17/2023 2:05:50 PM $YDLODEOH DW Z W l l Á Á Á X v X u µ X µ l ( u z u v P u v l µ P r } r } ( r } µ ] } v Jul 3, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. services. Compare your actual costs to custom rates. The survey summary lists the average custom rate, as well as a range, for various tillage, planting, fertilizer and chemical application, grain harvesting, and forage harvesting functions on the farm. Charges for custom feeding, commodity storage, leasing buildings and bin rental rates. 7% to $204. 33 per bushel), which is similar to the 2023 cash rent per acre. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. 04 Rate per Acre Minimum 8. expected to be $39 per acre ($0. Download 2024 Custom Rates Report Feb 28, 2023 · University of Maryland Cooperative Extension has just released its custom farming rates, and not surprisingly, prices are up — way up in some cases. 53 $3. 36$ 0. 50 per gallon would cause most custom rates to the amount of payment per acre to be paid to the custom Planting with coulters, without band applicator, rate per acre 20. Change in rate. For each type of work, the average rate from the survey, the median, and the range are shown. 02 to $10 per acre. 612-625-1964 cffm@umn. Other expenses include marketing, hedging, drying, operating interest and other. 75 per acre Apr 24, 2024 · 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 The growth rate of Indiana farmland prices is expected to moderate in 2024. Prior year’s statements of income and expenses can provide information on equipment repairs, maintenance and Mar 29, 2022 · Earlier this year, 559 custom operators and farm managers were sampled regarding expected 2022 custom farm rates to be for various farm operations. Note that for spreading manure, there are seven responses and a charge of just over $15 per acre. There are both higher and lower rents than listed here and is subject to local demand and supply. The Dec 3, 2009 · i have a neighbor that wants his corn residue plowed under. Apr 2, 2024 · The price drops to an average of $24. This results in grain cart overhead of $4. Mar 20, 2024 · My cost here is about $36 per acre. 41 22. 98 per acre in 2022. 30 per acre and combining soybeans averages $39. 50 Production Operations: 2024 Custom Rates This is a budget tool, not a pricing tool. Has the rate changed over time? Yes. Understand that custom rates are often negotiable. We cannot statistically project future rental rates. The numbers listed are weighted averages. rvey . The amounts listed below are the prices paid per acre for total farmland (not tillable acres) in each listed county in southwest Minnesota only. Where there are fewer than five responses, the ag economist advises caution using the data. 25. 34 Ohio rates. As the 2023 crop season get started, landowners and custom service providers are negotiating custom rates, but the newest Custom Rate Guide for Wisconsin is from 2020[1]. 50 25. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. 50 193 96. 95 per acre, an increase of $3. Statewide, cash rents exhibited little change from 2023 to 2024 (Table 3). 86 $1. Custom Rates - Trillium Farm: 3/20/2024 11:46. 28 Feb 1, 2024 · "If we saw $4. The Cost Study is from the perspective of a commercial custom farm operation. Cash rental rates are expected to hold . Between 2020 and 2024, average cash rents in Illinois May 23, 2023 · From 2020 to 2022, average FBFM cash rents increased by $79 per acre. Postal Service and 633 people via email in February 2025. 00 - 7. Also discing charge and lets throw in stalk chopping and planting rates while we are at it. The farmers participate in the Minnesota State College Farm Business Management program as well the Southwest Minnesota Farm Business Management 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. The United States cropland value averaged $5,460 per acre, an increase of $410 per acre (8. 68 30,000 $114. This publication provides historical perspective on a rental rates paid by a group of Minnesota farmers and trends in those rental rates over the past five years. 5-5 4x5 bales per acre for spring cutting and 2. Similarly, ISPFMRA rents increased from $305 in 2020 to $369 per acre in 2022, an increase of $64 per acre. 00 12. — For the fifth consecutive year, the average all-land value of agricultural land in Nebraska increased, reaching $4,015 per acre in the 12-month period ending Feb. 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 Here we provide guidance to estimate this year’s custom rate based on the 2020 Custom Rate Guide for Wisconsin. Fuel and labor costs per acre are constant regardless of acres covered. The summary information included in this publication is based on the responses of 333 farmers 2025 Michigan State University Custom Work Rates Acres/hr Acres/yr Fuel Other Tillage 0 $0 - - $ - Chisel Plow 23 Ft 200 HP MFWD $59,500 11. For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. 25 per acre (range: $80-$225) Soybeans $121. This is the fourth consecutive year the non-irrigated cropland in South Dakota has increased since 2020. 00 $6. Custom planting ranges from $12. 40 per acre ($8,290 yearly costs from Table 4 divided by 1,900 acres). Custom Rates for Farm Services in Missouri T. All 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. The statewide average cash rental rate for 2024 is $170, an increase of $21 or 14. 50 Dec 10, 2021 · In this area average hay ground will produce 4. 50 per acre for planting with fertilizer/chemicals. 20 Rochester, MN 55902 | (507) 285-7600 The Agriculture Improvement Act of 2018 Review: Updated December 12, 2018; 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 Jan 24, 2024 · MANHATTAN, Kan. Apr 6, 2017 · 2017 custom rates. No profit in Custom work at going rates. The 134 page booklet contains full species account for 57 species found in Iowa today, and supplemental material about extirpated or rare species, living alongside mammals and scaled comparisons highlighting the wide variety of shapes and sizes of Iowa's mammals. 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. Fuel Seeding (Drill or Cultipacker) $25/ acre - Inc. 12 9. ) to calculate a cost per acre rate. Twenty percent of the respondents perform custom work, 16% Agriculture Law Blog; Basis Data; Crop and Livestock Budgets. 50 per pound 168 84. The 2024 report was published in the March edition of Ag Decision Maker and includes 130 responses and 2,805 custom rates provided by Iowa farmers, custom operators and farm managers. If you are interested in 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. Cash rent per acre in 2024 is expected to . 2024 Farmland and Cash Rent Outlook. We are Chad and Pam Olsen, and together with our dedicated team, we proudly offer top-tier custom farming, combine rentals, and agronomy services. Fuel $30 No Till Corn $35/ acre - Inc. Pennsylvania released its report before the new year. Nov 21, 2024 · LINCOLN, Neb. 4% to $11,630 and $9,071 per acre, respectively. Build Your Own; By District; By Commodity; Archives – 1972-1997; 2020 Texas Agricultural Custom Rates; Mar 22, 2023 · Combining corn shows an average of $41. 45 $17. MSU Custom Work Rates Report. This summary is the product of an online survey which collected rates farmers paid for custom work performed in 2019. Weighted average rental rates are listed by county for each year. 20 an acre and heavy or offset disking costs an average of $18. 4% and 10. 60 per acre. be $253 per acre ($1. 00 6. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. Surveys were mailed/emailed to past respondents and distributed at various Extension programs through the winter of 2024. Apr 10, 2015 · This guide on the average for conventional corn and soybean planting has a rate of $16 per acre with a rate of $18. The survey of 67 custom operators and farmers from Maryland and Delaware — conducted by mail and online last fall — shows some significant increases in overall costs of planting, harvesting and equipment expenses from the previous survey Sep 3, 2024 · The National Agricultural Statistics Service (NASS) reported the average cash rent for Illinois in 2024 at $269 per acre, up by $10 per acre from $259 per acre for 2023 (see Figure 2). 7% and 4. , and labor for the 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. Current forward cash prices for fall delivery of the matter how many acres are covered. For over three decades, we’ve cultivated strong relationships with farmers across the Midwest, driving forward with a commitment to excellence extra per bushel of wheat for yields greater than 27 bushels per acre. 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. 10 Nov 21, 2023 · The complete 2023 “Iowa Farm Custom Rate Survey” for all $. For each type of work, the average rate from the Apr 5, 2001 · With custom farming, a person with machinery provides a prescribed list of tillage, planting, cultivating and harvesting operations for a set dollar amount per acre. Farmland sales information for all Minnesota counties. 75 / acre. The average is calculated as the simple average of all responses. 50 acre for 15 inch row soybeans, $17. The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of custom work. Harvesting and hauling cropland value from the survey is $6,119 per acre, an increase of 12. Apr 18, 2019 · Custom farming rates for corn and soybean production are also expected to increase Corn $132. The data is from farm sales recorded from January 1 through June 30 of the respective years. 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. Tandem disking costs an average of $16. According to the Iowa fact sheet, the average custom farming rate for corn is $75. 00 $14. Herbicide and seed costs are expected to be similar to Mar 29, 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. 85 711 $2. 25 per acre and increased to $15. 50 for over 10gpa and did minimum $300 charge for jobs under 45 acres. In bold, you can see how much is left to cover land rent and owner (labor and management charge). It is not intended for establishing rates for individuals or companies that rent equipment or contract custom farming operations as a business. 21 per bushel) higher than costs in 2021. . 18 $8. Commodity price probabilities for corn, soybeans, alfalfa hay, straw, grass hay, hogs and cattle. S. Ohio Farm Custom Rates . 50 23. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. May 2, 2023 · Call it “sticker shock” for custom combining rates. Labor has also become both a limiting and higher cost expense. The 2025 MSU Custom Work Rates Report covers a wide number of basic field machine Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019’s. Farmland Values The FINBIN database has been updated to include 2023 farm financial reports for the Minnesota farm business management programs. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Data Source . Mar 17, 2025 · 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. For more, visit farmprogress. Clover/Alfalfa Acre 22. Apr 5, 2001 · With custom farming, a person with machinery provides a prescribed list of tillage, planting, cultivating and harvesting operations for a set dollar amount per acre. 7%, respectively. com. The first Thirteen 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. Tables 1 to 4 report 2020 custom rates for Wisconsin and estimated custom rates for 2023 . 71 $ 21. 00 per acre. 67 20. How do custom harvesters charge? Jul 24, 2023 · Following the results of OMAFRA's Custom Rates Survey, OPACA polled 20 of their members in early 2023 and compared current custom rates with OMAFRA's report. There is no other data for other parts of the state. 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. 4 percent) from 2022. can list your anticipated 2024 land rent. The total economic cost of owning and operating the machinery for custom hire services can be a starting point for custom work rates. 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 better world. 75-2 hours per acre. 6. 81 per bale, total time start to finish averages 1. 99 per acre, or about $22 per acre. 80/bu. Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. 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. 5 Operating Costs Crop Planted Harvested Yield per Acre Unit Production Price per Unit acres acres units units dollars Winter Wheat Oats Rye Canola Corn for Grain 1 Corn for Silage Sorghum for Grain 1 Sorghum for Silage Soybeans Peanuts Cotton All Hay Alfalfa Hay All Other Hay Pecans 5 4,550,000 140,000 260,000 3,000 390,000 (NA) 410,000 (NA) 460,000 16,000 This guide is a comprehensive reference to the basic ecology and identification of Iowa's wild mammals. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 50 to $45 per acre, depending on the type of planter and setup. zpwunu hfv qxwget mdmlf yblydj rocum mdpc aghioj jsgni mowi gtohc yvgil ahk whj txpct