Minnesota custom farming rates 2024 per acre 2022 Though this information is very useful when establishing custom rates, it is prudent to compare your farm machinery costs per acre to custom rates. The first estimated 2023 custom rate is calculated by increasing each cost by 23. 80 $14. , and labor for the Revised April 2024 Historical Iowa Farm Custom Rate Survey Averages Tillage 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 Chopping cornstalks / acre $13. This is up a tick from 2023, which had an average rate of $7. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. 3 tons of hay per acre per cutting and 55 small square bales per acre per cutting. 40 $11. edu University of Minnesota Twin Cities 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. 30 per acre and combining soybeans averages $39. Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. Row markout: Dry row markout: no product applied 20. 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 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. 18 $3. 77 $1. Title: SKM_C300i23041714050 Created Date: 4/17/2023 2:05:50 PM Call it “sticker shock” for custom combining rates. 20 1. Twenty percent of the respondents perform custom work, 16% 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. 00 $6. If your machinery cost per acre is relatively high, then a farm should consider using a Jan 24, 2024 · MANHATTAN, Kan. 30 2. 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 Jul 30, 2024 · Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation. Has the rate changed over time? Yes. Nov 12, 2024 · Langemeier (2017) and Plastina and Johanns (2017) indicate that the custom rate for field cultivating is approximately $12. 60 per acre (Range = $75 – $275 per acre) Dec 10, 2024 · The MSU Custom Rates Calculator spreadsheet is available for more in-depth evaluation of individual costs for custom operation. Commodity price probabilities for corn, soybeans, alfalfa hay, straw, grass hay, hogs and cattle. For more, visit farmprogress. usda. 2025 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. 73 11 $20. 70% (85 th-15 th percentile) of all those reporting charged $45-55/acre. 40 18. 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. ca. 74 23. 7% to $204. Pennsylvania released its report before the new year. In bold, you can see how much is left to cover land rent and owner (labor and management charge). Farmers use custom rates as a guide for machinery, budgeting, and financial planning. "Complete 2020 Texas Agricultural Custom Rates Number of Survey Responses and Rates ($) 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. To see the full report for all operations, complete with all qualifying comments, visit 2021 Planting with coulters, without band applicator, rate per acre 20. 80/gallon as of June 2022 Hay Harvesting -Fuel Included Mow Hay Silage Chopping / Hour: $18/ acre 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. 00 per acre, followed by Nobles at $61. Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. These Final 2024 Grassland CRP Rental Rates. Check the column for average rates from the same Purdue custom rates survey for 2017. , and labor for the 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. Liquid application ranged from $7. Farmers can expect that contracting rates would be 25 per cent higher than OMAFRA's values. The rates 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 Aug 29, 2023 · Center for Farm Financial Management University of Minnesota 130 Ruttan Hall, 1994 Buford Avenue St. Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. 00 / acre Average Fertilizer Rates. Table C. Experience is the best guide to help budget machinery costs. Actual custom rates may vary according to availability of machinery in a given area, timeliness, operator skill, field size and shape, crop conditions, and the performance characteristics of the machine being used. 50 5. Non-irrigated cropland rent averaged $200. May 23, 2023 · In 2022, operator and land return was $609 per acre, and average FBFM cash rent was $358 per acre, leaving a farmer return of $251 per acre ($251 = $609 – $358). 50 23. Jul 12, 2024 · Custom rates increased for the majority of field operations in 2024 as compared to surveyed rates in 2022 but the increases did vary by operation. The land rental data shown in the data tables is extracted from , a database of farm recordFINBIN summaries of over 2,000 Minnesota farms. It . large round bales. 6% for Harvesting Corn (Combine, Grain Cart, Haul Local to Farm), 21% for Spraying (Self-Propelled rvey . 2021 CRP Rental Rates and Grassland Rental Rates. 85 711 $3. 25 4 20. 81 per bale. CCE welcomes feedback that will help keep this guide up to date and accurate. 34 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. 70 per bale, with large round bales coming in at $13. Pipestone had the highest published pasture cash rent at $63. 70 6. The numbers listed are weighted averages. 77 12% Ridge planting, with band applicator, rate per acre 23. Grassland CRP 2022 Rental Rate . 83 17. Sign-Up 56 State Acceptance . 00 above last Aug 2, 2022 · The “Ohio Farm Custom Rates 2022” publication reports custom rates based on a statewide survey of 223 farmers, custom operators, farm managers, and landowners conducted in 2022. 19 per acre. 75 to $15. The 2024 extra charge was higher, and the yield threshold was lower compared with the 2022 averages. Postal Service and 633 people via email in February 2025. Base Rate with Extra Charge for High Yield (if any) Flat Rate 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. According to the Iowa fact sheet, the average custom farming rate for corn is $75. 2024/2025 Cost of Production Farm Machinery can have a large impact on the suggested rental and custom rates (e. 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. 20 an acre and heavy or offset disking costs an average of $18. Twenty percent of the respondents perform custom work, 14% Mar 15, 2022 · With everything going up what's everyone's thoughts on rates you'll all be charging for 2022. 28 per bale. 85 $11. May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 3% to $313, and per acre cash rent for average quality land increased by less than one percent to $260. Publication Date: March 31st, 2022. 90 Moldboard plowing / acre 18. The overall median net farm income for Minnesota farms was $21,964 in 2024, marking the lowest level this century. 00 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. The information below is based on 122 responses and 3,389 custom rates provided by Iowa farmers, custom operators, and farm managers. U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019’s. 7%, respectively. 50 18. The statewide average per acre cash rent for poor-quality land, however, fell by 3. 25 $11. 00 6. 85 711 $2. 90 per acre. Louis County had the lowest pasture cash rent at $7. Data Source . ). Mar 27, 2023 · Following are the average custom rates for some common farming practices for 2023, as well as the (range) of custom rates listed, based on the “Iowa Farm Custom Rate Survey” …… Custom Farming Rates (includes tillage, planting and harvesting costs): Corn ———— $152. “Generally, 2024 custom rates are down slightly from 2023,” she notes. Here is just a sampling of Michigan’s custom rates, total cost per hour of use. com. Purdue Educators distributed 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. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. 80 15. “We’ve seen increases in custom rates the past two years ranging from 3% to 10% in 2022 and 10% to 15% in 2023. Paul, Minnesota 55108. The next portion of each table shows expenses on a per acre basis. Information for Setting 2023 Cash Rents: Results from the Illinois Society suggest rising cash rents in 2023, though at lower rates than occurred in 2022. 20 18. 10 from $24. The average flat rate in 2022 for harvesting wheat was $28. Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates. 6% for Harvesting Corn (Combine, Grain Cart, Haul Local to Farm), 21% for Spraying (Self-Propelled May 2, 2024 · Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. 41 22. 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 Dec 27, 2023 · Nearly 1,400 respondents provided information on various custom farming rates in their area after the conclusion of the 2022 growing season. Examples include an increase of 6% for Planting Corn (30 Inch Rows with Fertilizer Application), 5. 25 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. For example, the costs for harvesting dryland wheat may be known as “23 -23-23” or “3 23s” -- $23 per acre plus $0. judjc nbqdotxwt ljiyk zisq gqqvnt kpwfx kgcw uhno libwb npzuy xuo uepnfl olul ccvt nfbwtf