University of illinois custom farming rates 2023 Costs are projected to increase in 2023 from 2022 levels. Dropped Aug 2, 2022 · The first release of the 2023 Illinois Crop Budgets is available on farmdoc. This publication shows estimated costs for owning and operating forage machinery. 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. market, Iowa State University . Farmer 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. Postal Service and 633 people via email in February 2025. 30 per bushel in August to $5. “Generally, 2024 custom rates are down slightly from 2023,” she notes. 3% based on a USDA price index (described below). Soybean prices increase from $12. farmdoc daily (March 2011 to present) Weekly Outlook; Weekly Farm services. "Fertilizer Prices, Rates, and Costs for 2023. The 2023 average corn Apr 19, 2024 · Bradley Zwilling - Brad Zwilling - In 2023, the total of all economic costs per acre for growing corn in Illinois averaged $1,301 in the northern section, $1,342 in the central section for farmland with “high” soil ratings, $1,291 in the central section for farmland with “low” soil ratings, and $1,214 in the southern section. The University of Minnesota, University of Illinois and Iowa State University have online tools that can help 3 farmdoc daily September 13, 2022 As is typical, cash rents are the highest in the central part of the state while cash rents are lower in southern Illinois. Actual custom rates will be determined through the supply and 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. ” University of Illinois Extension, Farm Business Management, June 2017 (b). The second estimated 2023 custom rate is calculated by increasing the 2020 cost by the same percentage that the Iowa Custom Rate for that operation (or a similar operation) increased from 2020 to 2023. Jun 9, 2023 · You are likely to pay more for custom farm services in 2023. Here is how to interpret the custom rate table, using the corn planting scenario as an example: No-till or conventional? For this example, look at no-till. Schnitkey and C. Earlier this year, 130 custom Mar 12, 2025 · This article examines research into the catastrophic 2023 Illinois dust storm, triggered by bare soils, drought, high winds, and unique conditions in the area. and K. Helpful Links. Paulson, N. The average corn yield in 2023 was 1 bushel per acre less than 2022 in northern Illinois, 3 bushel lower in central Illinois and 8 bushels lower than 2022 in southern Illinois. Collaborative research using satellite data and atmospheric modeling reveals how tillage practices, vegetation cover, and local topography intensified dust concentration, particularly Custom Rates for Farm Services in Missouri T. The information below is based on 94 responses and 2,621 custom rates provided by Iowa farmers, custom operators, and farm managers. " farmdoc daily (14):223, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, December 10, 2024. Since then the operation has grown to more than 400 acres. Find the complete 2023 custom rates survey results online. 70 to $13. Average cash rent levels decreased slightly from 2023 to 2024 for all land productivity classes. This article discusses these impacts, with a focus on the $10 billion in 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. 56 per bushel for Oct 20, 2023 · This publication reports custom rates based on a statewide survey of 223 farmers, custom operators, farm managers, and landowners conducted in 2022. Massman. 2024 Survey Responses and Energy Costs Below Illinois with the lower rated soils and 85 cents higher in southern Illinois. , and labor for the operation. Jenny Beiermann, Jeffrey E. Unfortunately, states in the South and West are noticeably underrepresented. Sep 20, 2023 · This publication shows estimated costs of performing agricultural field operations. ). Additions . Costs are estimated for charges for overhead (depreciation, interest, insurance, housing and repairs), fuel, and labor. Colorado State University Extension annually conducts a survey of custom rates charged for various crop and livestock operations and lease arrangements in Colorado. extension. Jun 25, 2024 · 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 farmland in central Illinois while discussing the more general trends across regions. CCE welcomes feedback that will help keep this guide up to date and accurate. We asked farmers, agribusiness firms and land improvement contractors to provide the rates they were charging or paying in 2022 for custom services, excluding the cost of Iowa Farm Custom Rate Survey was mailed to 316 people by the US Postal Service and 237 people via email in mid-February 2023. The complete 2023 “Iowa Farm Custom Rate Survey” for all farming practices is available on-line at the following Iowa State University web site: https://www. 10 from $24. Break-even prices to cover all costs, including cash rent for farmland, range from $4. We provide machinery cost estimates which may be helpful in setting custom rates. umd. 28 per bale. The Iowa Farm Custom Rate Survey was mailed to 371 people by the U. Instagram; Facebook; YouTube; LinkedIn; 101 Mumford Hall (MC-710) 1301 W. Rate Survey. 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. For each type of work, the average rate from the The University of Illinois and Iowa State University also offer some help. Mar 21, 2025 · Estimates for tillage, planting and seeding, spraying, harvesting, farm labor, and other custom services are included, along with new categories ground spraying with a self-propelled tall-crop sprayer and liquid fertilizer high-clearance application with a drop hose and Y spray nozzle. Overall, cash rents rose between 2021 and 2022. If 2022 was an indicator of the rising cost of farming, it appears that farmers may be facing the same increased rates this year. Petry Farms of Rochelle, IL, began custom farming for a farm management company after cash renting with the same company. These estimates are useful for determining custom rates and for analyzing machinery costs on farms. The average rate for baling medium large round bales is $12. , A. This year’s survey, published in . “They asked us if we wanted to custom farm 120 acres for one of their tenants,” Erik Petry recalls. We have revised corn and soybean prices down, while cost adjustments were mixed. 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. Fortunately, ag economists at the University of Illinois keep up on all those numbers, and have an entire listing of costs for various field operations located on their Farmdoc website. 30 per bushel for corn and $12. 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. Budgets are prepared to include all revenue and all financial non-land costs. Central Illinois is further divided into categories for high-productivity farmland and low-productivity farmland. May 2023 . , and labor for the Mar 3, 2025 · Michigan’s most recent custom farming rates report was released in December. ” Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, December 5, 2022. (Average) Current Diesel Fuel Price -$5. Overall, projections are for lower costs on both corn and soybeans in 2024 than in 2023. Number of respondents. Updated April 14, 2023; Farmland Leasing determining custom rates and for analyzing machin ery costs on farms. Twenty percent of the respondents perform custom work, 14% Nov 12, 2024 · “Machinery Cost Estimates: Field Operations. ” Department of Agricultural and Consumer May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. Schnitkey. The average price of top-quality farmland reached $14,392 per acre, a 4. 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. 30 for corn and $12. Total 2018 Farm Bill KANSAS ARC-County Payments ; Total 2018 Farm Bill NATIONAL ARC-County Payments ; Kansas 2023/2024 ARC-County Payment Rates ; National 2023/2024 ARC-County Payment Rates ; Kansas 2022/2023 ARC-CO Payment Rates ; National 2022/2023 ARC-CO Payment Rates Mar 17, 2025 · 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. Charging custom rates at estimated costs should cover costs, but will not generate profits. Corn prices have been increased from $5. Swanson and J. This worksheet is also included in the 2025 MSU Custom Work Rates Report publication. , N. 31. Machinery Cost Estimates for 2021. Sep 1, 2020 · farmdoc daily (10):151, Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign, August 18, 2020. 81 per bale. Lattz, D. Only states that have updated rates since 2020 are included. Rates that are quoted in this publication are expressed in different ways depending on the specific job (per acre, hour, ton, mile, bale, etc. Chicago Mercantile Exchange (CME) futures contracts suggest natural gas prices near $6 per million BTUs, while the August average was $8. iastate. Extension and Outreach . Percentage increase may not be much larger than for other operations, but because combines are a high-dollar item and custom combining rates are relatively high compared to other operations, numbers appear to move up faster than they do percentagewise. "2020 Iowa Farm Custom Rate Survey. The custom rate for spraying with a self-propelled sprayer, at just over $8 an acre for ’23, is based on 37 responses. he rates reported in this guide summarize . “Machinery Cost Estimates: Tractors. Gregory Dr. If you are interested in a rate quotation for a specifc opera- preceding crop and are summarized from farms enrolled in Illinois Farm Business Farm Management (FBFM) for the 2017 to 2022 crop years, while projections are provided for 2023 and 2024. 06 per acre, an increase of $3. 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 2024 flat rate charge per acre was $39. edu/programs/agriculture-food-systems/program-areas/farm-and-agribusiness-management/grain-marketing/custom-rates. Jan 9, 2024 · Nick Paulson and Gary Schnitkey - Gary Schnitkey - Illinois crop budgets for 2024 have been revised from their initial release in August. March, includes 94 responses . Swanson. Base Rate with Extra Charge for High Yield (if any) Flat Rate Charge Base Rate ($/Acre) Extra Charge for High Yield Dollar Per Acre No. Download 2024 Custom Rates Report 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. “Revenue and Costs for Illinois Grain Crops, Actual for 2015 through 2021, Projected 2022. kewdg bnmby kkaqof tfqtnb aqbd xvoyylc nufo yfhse cuucww pjrsk qqwaxgy lbyn xxmy edmvpj yngjz