An estimated 2.5 million acres of dry hay and haylage are harvested each year in Wisconsin, with baled hay alone accounting for $80-$100 million in market sales. As the structure and number of commercial farms continues to change, the opportunity for buying/selling standing hay seems to grow.
Unfortunately, there is not an established commodity market for hay like there is for corn or soybeans. Finding reliable hay price information can be a challenge, and trying to value standing hay from the field is even more challenging.
To help farmers and Ag professionals identify a fair price or help negotiate the sale or purchase of standing hay, UW-Madison Extension Agriculture Agent Greg Blonde will demonstrate his mobile app that can quickly find hay price information for WI, as well as the other top hay producing states. Other features include:
• Quick link button to WI and USDA hay market prices.
• Calculates price/acre for each cutting and total price for the year.
• Hay yield estimator and cutting schedule options.
• WI Custom Rate Guide chopping and baling cost reference tables.
• Field loss and weather risk input option for buyers.
• “Share” button to email inputs & results from the field or office.
• Free for Android Apple (iOS) smartphones and tablets.
• Over 2,000 downloads since 2015
|Conference||2019 National Farm Business Management Conference|
|Presentation Type||20-Minute Presentation|