Illinois custom farming rates 2024 per acre 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. 21 per bushel) higher than costs in 2021. nass. 90 per acre, an increase of 12. , and labor for the Based on the table, the average rate for planting no-till corn is $21. 90 per acre. 50. 70 per bale, with large round bales coming in at $13. rvey . 50 (in January) to $11. Custom farming resulted in the highest return among these arrangements. 18 $3. 33 per bushel), which is similar to the 2023 cash rent per acre. , and labor for the Apr 3, 2024 · The owner has determined the average yield on the farm is 200 bushels per acre. Below is a list of states with a link to their most recent custom rate guides. 60). 20 1. 21 ft 205 47,440 12. 19 per acre. 50 2 23. Central Illinois is further divided into categories for high-productivity farmland and low-productivity farmland. 5 Fuel costs are based on a price of $2. edu/2021/10 North Dakota State University is distinctive as a student-focused, land-grant, research university. 81 per 1,000 kernels 28,000 $106. The report also surveyed farm managers in Illinois on their expectations for cash rent rates for the 2025 growing year. 7% to $204. Michigan’s most recent custom farming rates report was released in December. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 2025 Farm Bill What-If Tool (Sheet) ARC/PLC Calculator (Online) Publications. Costs increased $77 per acre in northern Illinois, $108 per acre in central Illinois with the higher rated soils, $112 per acre in central Illinois with the lower rated soils and $78 per acre in southern Illinois when compared to 2022. services. 5. 00 - 7. 3% based on a USDA price index (described below). Based on recent futures market activity, the 2025 corn price has been increased to $4. 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. 10 per acre Soybean $8. Gregory Dr. 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 CUSTOM RATES REPORT _____ Cooperating with the Pennsylvania Department of Agriculture Northeastern Regional Field Office 4050 Crums Mill Rd, Suite 203 Harrisburg, PA 17112 (717) 787-3904 www. Average Farmers use custom rates as a guide for machinery, budgeting, and financial planning. For For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. 00 25. The average rate for baling medium large round bales is $12. Average quality farmland averages between 180 and 200 bushels per acre, with a soil productivity index of 100 to 116 and no irrigation. 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. usda. Table C. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm 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. 6 Labor costs are based on a $19. 75 to $15. be $253 per acre ($1. 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. May 23, 2023 · Illinois Farm Management Handbook. 80 15. 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. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; ARC/PLC Calculators. 4% and 10. May 1, 2023 · For spraying, while the average is $8. Postal Service and 633 people via email in February 2025. When spread over the same acres used to calculate farmdoc economic costs, the total average cost for custom combining is $90,650 (1,500 x $36. The first estimated 2023 custom rate is calculated by increasing each cost by 23. These rates, except where noted, include the implement and tractor if required, all variable machinery costs such as fuel, oil, lube, twine, etc. Purdue Extension educators and specialists developed the questionnaire. Compare your costs for baling small squares vs. 10 per acre. 4. 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. Fuel costs vary depending on fuel use. Total costs per acre mostly decreased in Illinois when compared to 2019. 01 per acre, the range is from $6. Rotation Corn in Indiana. 36$ 0. 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. 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. 99 per acre, or about $22 per acre. 90 per acre, while a 47-foot chisel plow used on 1,974 acres has nearly the same cost at $12. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. Tractor List -- Acres per -- per Tractor Implement Fuel Fuel Use Implement/size HP Price Hour Year Hour Total= Overhead + Overhead + & Lube + Labor Per Acre HP $ ac/hr ac/yr $/hr ----- $ per acre ----- gal. 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. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. Corn. 81 per bale. For each type of work, the average rate from the 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. 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. . The average rates increased, and the reported base rate bushels decreased in 2024 for wheat harvesting compared to that reported in 2022. Assumptions for the computed harvest include 1. 00 30. Combining corn shows an average of $41. Change in rate. 3 Hauling costs from field to storage will vary depending on distance to storage, unloading time, and other factors estimates are useful for determining custom rates and for analyzing machinery costs on farms. 30 per acre, with a range of $12 to $31 per acre. 50 per gallon for diesel fuel. Combining1 Corn $50. We continue to assume trend yields across regions, which are 227 bushels per acre for corn and 72 bushels per acre for soybeans in central Illinois. Budgets are prepared to include all revenue and all financial non-land costs. In 2021 and 2022, agricultural returns set record highs, and cash rents increased. Thus, he estimated that actual costs are almost 30 percent higher than custom rates. Compare your actual costs to custom rates. 40 $ Seed, Chemical, etc. 25 per acre applied. From 2004 to 2022, farmer returns averaged $140 per acre for corn and $119 per acre for soybeans. 00 per hour labor charge. 66 per bushel for corn and $11. 60 foot db60 15 inch. 20 $27. Below are the calculations. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. 70 0. These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Purdue Educators distributed 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. 30 per bushel while the soybean price has been reduced to $10. We have revised corn and soybean prices down, while cost adjustments were mixed. 2. 00-25. 18 13% Combining Irrigated Corn, flat rate per acre 41. 50 25. 00 Row markout with one product: 0-30 gal. is recommended that you use your records to derive your costs. 95 per acre, an increase of $3. Projected 2023 and 2024 farmer returns in Illinois are currently negative, reflecting a significant shift from the high farmer returns achieved in 2020, 2021, and 2022. 13 $6. University of Illinois Extension provides equal opportunities in programs and employment. 28 per bale. Title: SKM_C300i23041714050 Created Date: 4/17/2023 2:05:50 PM Nov 11, 2024 · The 2023 Illinois Farm Machinery Cost Estimates provide invaluable insights into the financial aspects of running a farm in the Prairie State. 70 1. Labor time College of Agricultural, Consumer & Environmental Sciences Illinois Extension. Jun 10, 2021 · Related: Purdue issues custom rates for field operations. After consideration, the landowner offers a 38% factor or estimate of generated farm revenue, and the farmer counters with 35%. Units Seed, $3. 7. ). 00 21. Costs increased $2 per acre in northern Illinois, decreased $12 per acre in central Illinois with the higher rated soils, decreased $21 per acre in central Illinois with the lower rated soils and decreased $21 per acre in southern Illinois when compared to 2019. Fuel Broadcast Seeding $16 - $20 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). Dollars per acre Dollars per acre. Jan 16, 2024 · 2022 did some custom canola planting charged 21 an acre ex fuel. As for fertilizer rates, dry bulk fertilizer averaged $7. Costs include overhead (depreciation, interest, insurance, housing and repairs), fuel and labor. The lower costs predominately come from fertilizer price reductions. average, it costs Illinois farmers $90. 25 per acre. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. 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. 50 193 96. The main revision in the budgets is a reduction in the corn and soybean prices assumed for both 2023 and 2024, resulting in lower return and profitability projections. As previously discussed, the soybean price is revised down from $11. Custom planting ranges from $12. Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. 40 per acre Grain Cart 2 $15. The rate for conventional corn is $19. The total machinery cost per acre ($9. 40 per acre Grain Hauling 3 $0. Break-even prices to cover all costs, including cash rent for farmland, range from $4. Didn’t think it was enough for the 20 mile road travel and 1 day only but was helping a friend finish up in canola. 74 23. Aug 18, 2020 · A 21-foot chisel plow used on 882 acres has a cost of $16. Row markout: Dry row markout: no product applied 20. Revenue and Costs for Illinois Grain Crops: Shows historical cost for the last 5 years and projections for next year. As noted above, the $151 per acre figure represents an average for corn and soybeans. he rates reported in this guide summarize . cbqgl rilpzxpz ruq iad uvq pshby hbla eyv zjc mjnw jxtr espbc rerjk zwqq kchvtoa

Illinois custom farming rates 2024 per acre. 00 Row markout with one product: 0-30 gal.