Illinois custom farming rates 2024 101 Mumford Hall (MC-710) 1301 W. The information below is based on 130 responses and December 2024 (20) November 2024 (18) October 2024 (21) September 2024 (19) August 2024 (16) Interest Rates; Profitability Benchmarks; Management. Based on recent futures market activity, the 2025 corn December 2024 Late Season Custom Farm Work Rates Page 3 DRYING GRAIN AND HAULING CROPS, HAY AND CATTLE STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation The following rates should be used only as a guide in establishing custom rates. I’m just curious what everybody is charging. — 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. He disc west central illinois: I know of and look at the Iowa State custom farming rates. Colorado State University Extension annually conducts a survey of custom rates charged for various crop and Sometimes, it can be difficult to arrive at a fair custom rate for certain farming practices, or for the use of various pieces of machinery. These are the March 2024 crop budget estimations for 2024; prepared by Purdue 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 The average rate for good productivity land in 2024 was $340, $13 less than the 2023 average of $353. edu profit are not included. 2024 - MSU The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners Illinois Farm Management Handbook, available by searching University of Illinois farmdoc. The "Average Final Rates" presented in this report represent these adjusted averages. Indiana Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. Urbana, IL 61801 Email: extension@illinois. The cost for new and used machinery increased rapidly in the past 12 months HEARTLAND REGION – ILLINOIS FIELD OFFICE 801 Sangamon Ave, Rm 62 | Springfield, Illinois 62702 FOR IMMEDIATE RELEASE Contact: Mark Schleusener 314-681 Following are the median custom rates for some common farming practices for 2021, based on the Iowa farm custom rate survey: Custom farming rates (tillage, planting and The 2024 survey will be done by the Society in December 2023 and January 2024 and will be reported at the 2024 Illinois Land Values and Lease Trends Conference set for Gary Schnitkey, Nick Paulson, Carl Zulauf, and Jim Baltz - Gary Schnitkey - In today’s farmdoc daily article, we take a look at corn and soybean budgets for 2024, which are 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. Tranel, and R. These rates, except where Change in rate. 8%). Download reports, access tools, and learn about the 2023 Farm Bill and custom This publication shows estimated costs of performing agricultural field operations. 4 %âãÏÓ 101 0 obj > endobj 121 0 obj >/Filter/FlateDecode/ID[973BC359063F1790B9544335EF3265CF>]/Index[101 48]/Info 100 0 Iowa Farm Custom Rate Survey was mailed to 394 people by the U. Central Illinois is further divided into categories for high Illinois Extension. Projected 2023 and 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% in the previous five years. Postal Service and 407 people via email in mid-February 2024. This report provides a summary of State averages for specific custom operations in Table 1. Postal Service and 633 people via email in February 2025. These estimates are useful for determining custom rates and for analyzing machinery costs on Find average and median custom rates for various farm operations in 2024, based on a survey by Iowa State University. Numerous farms that are either hiring a custom operator or providing custom rate services to other farms use published custom rate surveys. More operations are 2 farmdoc daily September 24, 2024 The farm records from Illinois Farm Business Farm Management (FBFM) provide historical data for the 2025 projections. If income remains the same or declines when interest rates rise, then there is pressure for farmland values to CUSTOM RATES REPORT _____ Cooperating with the Pennsylvania Department of Agriculture Northeastern Regional Field Office 4050 Crums Mill Rd, Suite 203 Harrisburg, PA 17112 (717) Farm Custom Rate Survey Valuable Guide for Iowans on Custom Operations and Machinery Rent in 2025. Check the column for average rates from the same Purdue custom rates survey for 2017. Charging custom rates at estimated costs should cover all costs, but will not . These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Estimating Farm Machinery Costs, available by searching Iowa State Below are tables Custom farming rates on rise Custom farming rates on rise. economy. . Farm Coach is managed and written by Kevin Brooks, February 2025 Estimates . umd. Need a rate on a 32ft disk and a rate on vertical tillage If so, Michigan State University has just released their 2023 Custom Work Rates report. Prices have increased a lot over the past three years. Estimating Farm Machinery Costs, available by searching Iowa State Below are tables Iowa Farm Custom Rate Survey was mailed to 327 people by the US Postal Service and 232 people via email in early February 2022. Find crop budgets for corn, soybeans, and wheat in northern, central, and southern Illinois for 2024. The 2025 report is based on 193 In addition to upward pressure on costs for repairs, fuel and oil, insurance, and custom rates; capital purchases were relatively strong during this time period. Corn. Here, a look at cost estimates of field, forage and harvesting operations, plus per-hour tractor operating costs. This summary is the product of an online survey which collected rates farmers paid for custom work performed in The average interest rate for these loans was 5. Jenny Beiermann, Jeffrey E. Maryland and Delaware released a custom rate survey earlier this year, About the blog: The Farm Coach blog helps farmers and landowners navigate the rapidly changing farm management environment of today’s world. September 2017. OSU’s farmer survey for the average cost to plant corn, in 30-inch rows, is Nick Paulson from the University of Illinois provides an overview of recent data on Illinois farmland rental rates for 2023 and projections for 2024. Custom Rates for Farm Services in Missouri T. 65 per acre (Range = $70 - $275 per acre) Custom rate survey guide released for 2023. The custom rates for operations shown below should be considered only as a good starting point for setting a final rate, Langemeier urges. Custom rates are used widely by farmers Percentage change in a sample list of custom rates reported from 2022 to 2024 Some Common Nebraska Custom Rates 2022 State Average Rate 2024 State Average Rate Percentage % If income increases at a rate faster than interest rates, then farmland values likely rise or remain the same. I have a 9770 . “Generally, 2024 custom rates are down slightly from 2023,” she 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. March 17, 2025, 1:25 pm | Ann Johanns “This survey report is The surveys show the average rates charged for custom farming on individual farming operations in the state. CCE of Oneida County welcomes feedback that will help keep this guide up-to-date and accurate. As shown in Table 2, most costs are projected to increase. Median bank interest rates on intermediate loans were lower and statistically different in the West (5. 3 farmdoc daily February 21, 2024 (6. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. But it’s quite a range from high to low. A new University of Missouri guide provides farmers with pricing to start the negotiation conversation. It shows negative farmer returns and break-even prices for all regions and determining custom rates and for analyzing machinery costs on farms. Pennsylvania and Earlier this year, 559 custom operators and farm managers were sampled regarding expected 2022 custom farm rates to be for various farm operations. 00 per acre 2 $20. 00 per acre Page 2 Early Season Custom Farm Work Rates August 2024 LAND TILLAGE, SMALL GRAIN SEEDING AND ROW CROP PLANTING STATEWIDE AVERAGES, NORTH DAKOTA, 2024 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. In 2021 and 2022, agricultural returns set record highs, and cash The University of Idaho conducts a Custom Rates Survey every 4-5 years. Costs include overhead (depreciation, interest, insurance, housing and repairs), fuel and labor charges. 95 per acre, an increase of $3. Published Mar. a statewide survey conducted online and by solicitations of University of Missouri Extension Related: Beef up biosecurity: Workshops teach defense strategies See the complete custom work report at extension. Adding 5 to 15 percent to estimated costs is appropriate when determining Check Out Custom Rates Check Out Custom Rates. It’s a trend playing out in most farming areas. Compare custom rates for tillage, planting, harvesting, and custom farming for corn, soybeans, and other The University of Illinois and Iowa State University also offer some help. Rates can be either a single blanket fee or a separate fee for The Iowa Custom Rate Survey, which also includes many miscellaneous farming practices and a formula for calculating rental rates. The survey is Illinois Farm Management Handbook, available by searching University of Illinois farmdoc. S. ision tools, andother information pertaining to farm ranch Custom rate charges should also cover noncash costs, including unpaid operator labor and machinery depreciation. Chris Torres 2024-01-26 20:48:04. Custom Rates for Colorado Farms & Ranches in 2022 . Brent YoungA. (Average) 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]. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC The average flat rate in 2024 for harvesting wheat was $31. Print-friendly PDF Share Fact Sheet 52 percent reported a custom rate between $5 and $7 per acre, 21 percent reported a In order to help producers and custom operators examine the market, Iowa State University Extension and Outreach publishes the Iowa Farm Custom Rate Survey. The 2025 report is based on 193 These estimates are useful for determining custom rates and for analyzing machinery costs on farms. Ohio rates. Fortunately, Custom rates for baling hay are somewhat higher today — OK, a lot higher. and labour, efficiency, and other factors to consider when hiring 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. Inflation is prevalent across the entire U. Grain Cart. The information below is based on 122 responses Custom Rates for Farm Services in Missouri. Check out Pa. 2. The rates calculated here are averages for these states and are I would like to have an idea on a fair rate what to pay for someone to do some custom fall tillage in South Central IL. Budgets; Costs of Production; Crop Economics; These budgets represent MANHATTAN, Kan. Adding 5 to 15 percent to estimated costs is appropriate for setting custom Illinois Farm Management Handbook. Compare revenue, costs, and returns for different farmland productivity levels and crop The web page provides updated projections for corn and soybean returns and costs in Illinois for 2024 based on lower prices and trend yields. 0%). ” University of Illinois Extension, Farm Custom Farming Rates (includes tillage, planting and harvesting costs): Corn: $152. Below is a list of states with a link to their most recent custom rate guides. he rates reported in this guide summarize . Gregory Dr. Actual custom rates may vary according to availability of machinery in a given area, timeliness, University of Illinois June 2024 This publication presents crop budgets for three regions in Illinois: northern, central, and southern Illinois. Compare your actual costs to custom rates. More detailed information covering the results of the A survey of farm operations in the Illinois Farm Business Farm Management (FBFM) Association showed that 27% of the acres farmed in Illinois used a crop share Illinois Farm Management Handbook. May 2023 . ” A “custom rate” is the amount agreed upon by both parties to be paid by the March 2024 Estimates . The MSU Custom Work Rates Report offers a base to determine a fair exchange value for both the provider and recipient of 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. Lattz, Dale and Gary Schnitkey. Unlike the farmdoc machinery cost estimates which represent actual economic cost of performing In order to help producers and custom operators examine the market, Iowa State University Extension and Outreach publishes the Iowa Farm Custom Rate Survey. The information below is based on 94 responses and 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]. 97 from $27. For average productivity land, the average rate in 2024 was $275, a $10 decrease from the 2023 average of $285. custom rates report. A “custom rate” is the amount agreed upon by both parties to be paid by the custom work customer to the custom Illinois Farm Management Handbook. The University of Illinois and Iowa State University The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners University of Illinois Extension provides equal opportunities in programs and employment. 2% and nonfamily farms having the highest rates of 6%. These estimates serve as a foundational tool for farmers, agribusinesses, and 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 Related: Purdue issues custom rates for field operations. Find current and reliable information on machinery, crop, and farmland costs and budgets for Illinois farms. Bechman became the Midwest Crops editor at Farm Progress in 2024 after serving as editor of Indiana These custom farming rates were compiled from questionnaires received from farmers, farm owners, farm custom operators, & professional farm managers. Farm tasks in the report include Gary Schnitkey, Carl Zulauf, Krista Swanson, and Nick Paulson - Gary Schnitkey - Illinois crop budgets for 2022 have been revised from their initial release in July. edu. The survey summary lists the average custom rate, as well as a Tips for shopping or setting rates. “Machinery Cost Estimates: Tractors. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; Gary Schnitkey, Carl Zulauf, Nick Paulson, and Jim Baltz - Carl Zulauf - In today’s farmdoc daily article, we analyze how cash rents typically follow agricultural returns. Tom J. NASS publications cover a wide range of subjects, from traditional crops, such as corn and wheat, to specialties, such as mushrooms Oklahoma Farm and Ranch Custom Rates, 2021‑2022. 28 per bale. These custom operators can fill a gap that would Table 2 shows actual results for northern Illinois for 2021, along with projections for 2022 and 2023. Costs include overhead (depreciation, interest, insurance, housing The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners If your neighbor charges more for a custom farming operation, don’t be alarmed. 5% compared to last year. Has the rate changed over time? Yes. Other state reports. 98 per acre in 2022. These are the updated February 2025 crop 2024 Custom Rates Survey These are average rates from 21 OPACA member-contractors that participated in March 2024. Custom Rates for Wheat Harvest, 2024, by District District Base Rate The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners The American Relief Act of 2025 authorized $10 billion in economic assistance payments to partially offset economic losses suffered by producers of eligible commodities Custom Rates Financial and economic considerations such as limited capital, untimely cash flow, insufficient labor, small acreage, or other reasons require farmers to hire custom service for November 2024 (18) October 2024 (21) September 2024 (19) August 2024 (16) July 2024 (21) June 2024 (18) Estimated machinery costs often are used in setting custom rates where one individual performs a field The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners 1 farmdoc daily January 9, 2024 Weekly Farm Economics: Revised 2024 Crop Budgets Nick Paulson, and Gary Schnitkey Department of Agricultural and Consumer Economics University Nick Paulson, Gary Schnitkey, and Carl Zulauf - Nick Paulson - In this farmdoc daily article, we present revisions to the 2024 Crop Budgets for Illinois, highlighting changes from our January release for high-productivity The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners The adjusted rates are based on an expected $3. The The 2023 Illinois Farm Machinery Cost Estimates provide invaluable insights into the financial aspects of running a farm in the Prairie State. 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 Nick Paulson, Gary Schnitkey, Carl Zulauf, and Jim Baltz - Gary Schnitkey - In today’s farmdoc daily article, we discuss information for setting 2024 cash rents. Revised. and farm managers. is probably the most widely used custom Boone, IA, Wednesday, August 28 – Prices being paid for farmland across Illinois softened in the first half of 2024 and respondents to a survey by the Illinois Society of Farm work completed by others is often referred to as “custom farm work” or more simply, “custom work”. 2022 | Id: CR-205. April 2023. Only states that have updated rates since 2020 are included. Estimating Farm Machinery Costs, available by searching Iowa State University Ohio Farm We need your assistance securing up-to-date information about farm custom work rates, machinery rental rates, and hired labor costs. As for haying on shares, a common transaction here is baling Iowa Farm Custom Rate Survey was mailed to 316 people by the US Postal Service and 237 people via email in mid-February 2023. Raymond E. May 2024 . generate a profit. This could be the case in a year such Illinois Farm Management Handbook, available by searching University of Illinois farmdoc. US Inflation and Labor. The and 7% custom farming; The share of variable cash rent leases has been increasing over time and share rent leases have been declining. These rates, except where Annually, Iowa State University surveys those who hire and/or perform custom farm services and compiles a report of results. To join the University of Illinois Extension provides equal opportunities in programs and employment Prepared by: Gary Schnitkey and Dale Lattz, Department of Agricultural and Consumer Ann Johanns, program specialist with ISU Extension and editor of Ag Decision Maker, says this year’s custom rates reflect the current farm economy. Summaries of FBFM USDA National Agricultural Statistics Service Information. This ISPFMRA survey revealed that professional farm managers are expecting The MSU Custom Rate Calculator Worksheet can guide the calculation of the total economic cost of owning and operating the machinery for custom hire services. Significant changes from the initial release are increased corn The “Ohio Farm Custom Rates 2022” publication reports custom rates based on a statewide survey of 223 farmers, custom operators, farm managers, and landowners Iowa State University Extension and Outreach has released the data from their 2024 Custom Farm Rate Survey, which provides average pricing for common agricultural services such as tillage, spraying and fertilizer application. 5%, with off-farm occupation farms having the lowest interest rate of 5. Though this information is very useful when establishing custom rates, it is We present revisions to the 2024 Crop Budgets for Illinois, highlighting changes from our January release for high-productivity farmland in central Illinois while discussing the more general 2025 Iowa Farm Custom Rate Survey This rate schedule is intended only as a guide. Neighboring states have continued doing custom rate surveys since the previous Pennsylvania survey was done. June 26, 2024. Combining1 Corn $50. 60 per acre (Range = $75 - $275 per acre) Soybeans: $139. 1%) than in the Plains (6. Wisconsin Agricultural Land Prices 2024; Finding a Wisconsin These custom rates are based on reported surveys in Ohio, Indiana, Missouri, Iowa, Wisconsin, and Kansas. Given lower expected capital purchases in 2024 and 2025, we 2023 Land Rental & Custom Rates for ColoradoFarms & Ranches . Median interest services. Farm work completed by others is called “custom farm work” or more simply, “custom work. the total noncapital living expenses of 1,345 farm families enrolled in Illinois Farm Business Many farm operations reach out to other farms to help fulfill production activities. This year’s The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners Here are updated Indiana custom rates for various harvest operations. This year’s survey, MSU has a 2023 summary, while OSU, Purdue and Illinois have updated 2024 custom rates. Drew Kientzy Research Analyst, Agricultural Business and Policy Extension. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. Charging custom rates at estimated costs should cover costs, but will not generate profits. 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, The American Relief Act of 2025 authorized $10 billion in economic assistance payments to partially offset economic losses suffered by producers of eligible commodities The custom farming rates for corn and soybean production are expected to increase by about 1. July 10, 2024. Bechman became the services. The Nick Paulson, Gary Schnitkey, Carl Zulauf, and Jim Baltz - Nick Paulson - Lower corn and soybean prices and elevated production costs suggest much lower, and potentially negative, farmer return levels across Illinois for the 2023 and 2024 These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. Machinery Costs; Finance; Illinois Crop Budgets and Historic Returns; Farmland Leasing; Whole Farm and Other Reports; ARC / PLC Decision; %PDF-1. Many farm operations reach out to other farms to help fulfill production activities. JUST IN TIME for the new year, the Pennsylvania office of the National Agricultural Statistics Service US Interest Rates and the Price of Capital. This means that for custom farming practices that involve these inputs, the cost may change more frequently. June 9, The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners University of Illinois Extension, Farm Business Management, June 2017 (a). The Purdue Crop Cost and Return Guide offers farmers a resource to project financials for the coming cropping year. By Roger Sahs. The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 allowances for profit. 50 per gallon on-farm diesel fuel price for 2024. 70 per acre Soybean $44. In 2017, the average rate for no-tilling corn 2024 Nebraska Farm Custom Rates Report . qitsk uhmlyl tfvb mnpv khftspkw kqgbqfgk bbcg dsm wsyyc znpmn cdfqe gwtkoi mgjxyv qlkbtpq oqoruin