Start Date
2-23-2012 9:20 AM
Description
When marketing quality alfalfa hay, you basically have two markets that you are going to try to target. First, you are going to be in the cash hay market, that’s where you will sell alfalfa hay to several different entities…..locally, statewide, nationally, or potentially internationally. Secondly, and more commonly, you will be marketing your hay to your own livestock enterprise on your farm. Several times every month, I have people call me and ask me what their hay is worth. I tell them very honestly I have no idea what their hay is worth; only by keeping track of their own inputs will they know what their hay is worth. One way to determine the value of your hay, again whether you are selling it for cash hay or marketing to your own livestock enterprise, is to use the Decision Aid found at the University of Kentucky Forage website, www.uky.edu/ag/forage. Go to this Decision Aid tab, input the exact numbers for your operation, and you can determine, fairly accurately, the value of hay you have produced on your farm.
Included in
Marketing Quality Hay
When marketing quality alfalfa hay, you basically have two markets that you are going to try to target. First, you are going to be in the cash hay market, that’s where you will sell alfalfa hay to several different entities…..locally, statewide, nationally, or potentially internationally. Secondly, and more commonly, you will be marketing your hay to your own livestock enterprise on your farm. Several times every month, I have people call me and ask me what their hay is worth. I tell them very honestly I have no idea what their hay is worth; only by keeping track of their own inputs will they know what their hay is worth. One way to determine the value of your hay, again whether you are selling it for cash hay or marketing to your own livestock enterprise, is to use the Decision Aid found at the University of Kentucky Forage website, www.uky.edu/ag/forage. Go to this Decision Aid tab, input the exact numbers for your operation, and you can determine, fairly accurately, the value of hay you have produced on your farm.