The Iowa Farm Custom Rate Survey was mailed to 394 people by the U.S. Postal Service and 407 people via email in mid-February 2024. The information below is based on 130 responses and 2,805 custom rates provided by Iowa farmers, custom operators, and farm managers. For each type of work, the average rate from the survey, the median, and the ...
Farm Custom Rate Survey Shows What Iowans Are Charging and …
Mar 27, 2024 · The rates in the report are expected to be charged or paid in 2024, and they include fuel and labor (unless otherwise noted). The average price for diesel fuel (highway-retail including taxes) was assumed to be $3.92 per gallon (as projected by the U.S. Energy Information Administration in early February 2024).
Iowa Farm Custom Rate Survey | Ag Decision Maker
The Iowa Farm Custom Rate Survey was mailed to 394 people by the U.S. Postal Service and 407 people via e-mail in mid-February 2024. The information below is based on a survey of 130 responses and 2,805 custom rates provided by Iowa farmers, custom operators, and farm managers. For each type of work, the average rate from the survey, the median ...
Outlook for land values in 2024 and beyond | Ag Decision Maker
According to USDA Economic Research Service’s December 2023 farm income forecast, US net farm income is forecast to decrease $31.8 billion (17.4%) from 2022 levels to $151.1 billion in 2023 (in inflation-adjusted terms, a 20% fall). Despite the decline, US net farm income in 2023 is higher than the 2020 net farm income by 38%, and its 20-year ...
Ag Decision Maker - Iowa State University
Costs of Crop Production -- A1-20 (Web Based Decision Tool) Corn and Soybean Commodity Loan Rates -- A1-34. Crops -- Outlook & Prices. Cash Corn and Soybean Prices -- A2-11. Season Average Marketing Year Price Calculator -- A2-15 (Decision Tool) Whole Farm -- Costs & Returns. Partial Budgeting: A Tool to Analyze Farm Business Changes -- C1-50.
2023 Farmland Value Survey Iowa State University
The 2023 Iowa State University Land Value Survey reported a 3.7% increase to $11,835 per acre for average Iowa farmland values from November 2022 to November 2023. This represents a modest increase from last year, and the $11,835 per acre nominal land value is the highest-ever recorded by the survey. The 2023 nominal land value is 36% higher ...
Iowa Cash Rent Farm Lease (Short Form) for 20. After expiration of the initial term, the lease shall continue from year to year, unless terminated by a separate written agreement or by statutory termination notice served by either party on or before September 1, as directed by Iowa law, effective the following March 1.
Labor has been treated as a fixed cost because most labor on Iowa farms is supplied by the operator, family, or permanent hired labor. However, when deciding among alternative crops, labor should be considered a variable cost. The wage rate used here is $19.00 per hour. The hours assumed per crop are presented in the budgets.
The 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 information below is based on 94 responses and 2,621 custom rates provided by Iowa farmers, custom operators, and farm managers. Twenty percent of the respondents perform custom work, 14% hire work done, 59% ...
County level data for corn and soybean yields in Iowa summarized from USDA RMA yield reports (released June 2024) are presented in this Information File. Included in the tables are: the 2023 yield, the seven-year average, and the high and low yield from reported yields in the previous seven years. All values are bushels per acre, per year.