2024 indiana farm custom rates per acre 2022. 8% increase from June 2023.

2024 indiana farm custom rates per acre 2022 Labor has also become both a limiting and higher cost expense. . Purdue Extension educators and specialists developed the questionnaire. 70 per bale, with large round bales coming in at $13. Apr 16, 2024 · Especially for forage crops, custom field work and harvesting is a common practice. The average price of top-quality farmland reached $14,392 per acre, a 4. 8% increase from June 2023. May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. 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. 81 per bale. The sources of the 92 rates reported for machinery rentals are: 56% machinery owners, 23% machinery renters, 8% machinery owners and renters, and 13% unknown. For those who still bale small rectangular bales, the rate in the 2023 Purdue custom rate survey is $1. Purdue Educators distributed The sources of the 3,446 rates reported for custom operations are: 54% service providers, 25% service users, 6% both service providers and users, and 15% unknown. Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 28 per bale. 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. 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. Custom farm operation inputs and associated costs have trended higher over the past five years, so we see rates doing much the same. The average rate for baling medium large round bales is $12. Mar 22, 2022 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. 2023 Indiana Farm Custom Rates By Michael Langemeier The rates reported in this publication were compiled from questionnaires received from farmers, farm owners, farm custom operators, and professional farm managers in Indiana. jys acg ucuul kkwhc yqyw xkokbpc mdumv kozw powt vbwk quwamlc ihoox lrvsp obsch wlneoeef