By Scout Nelson
Livestock farmers in North Dakota are evaluating whether to purchase a surplus of hay during the current down market. With good spring moisture leading to ample hay supplies, prices are low, creating a buyer's market. Experts suggest considering several factors before making a purchase.
Firstly, farmers should compare the cost of purchasing hay to their production costs. Bale production costs vary based on yield, input expenses, and labour. It is challenging to produce hay for less than $40 per bale, with some costs exceeding $100.
Assessing bale weights and dry matter content is critical to ensure value. For example, a 1,200-pound bale priced at $40 costs $0.033 per pound compared to $0.027 per pound for a 1,500-pound bale.
Nutrient content is the most crucial consideration. “Ask for forage test results prior to purchasing hay,” advises an expert. Forage tests help compare hay based on crude protein and energy content. Some hay from the 2024 crop has low protein and energy levels, requiring costly supplements. High-quality hay eliminates the need for supplements, depending on livestock requirements.
Storage conditions significantly impact hay quality. Round bales stored outdoors can lose 20% of their dry matter within six months due to spoilage. Proper storage, such as barns or elevated, well-drained areas, reduces losses. Dense bales with minimal ground contact and good wrapping ensure long-term quality retention.
Farmers should evaluate their production costs, hay quality, and storage options. Buying hay during a buyer's market can be beneficial if the hay meets quality standards and storage losses are minimized. Experts recommend keeping a surplus for future uncertainties.
This approach ensures forage security and supports livestock nutrition during unpredictable weather conditions.
Photo Credit:gettyimages-pamwalker68
Categories: North Dakota, Crops, Hay & Forage