If hay is what you desire to do then that field I'd probably put into timothy/orchard grass mix... say 70/30 mixture. You could put oats down as a cover for the first year. I wouldn't go with more than 100#/ac with the oats and 80# would probably be better. If you go with 120# it will shade out the timothy and it may never start properly. Fertilizer... I'd probably go with about 1/2 tonne/5ac of 19-19-19 or something similar. You could definitely use more if you were taking a grain crop off but for this that ought to be sufficient. If you don't use some you can plan on getting nothing. I also wouldn't plan on making any money on this venture this year... With that said, the plowing up and seeding anything of that nature is a big expenditure for one year. The timothy/orchard grass is the small part of the cost... so you may want to think about whether you want to do this at all if there's no long term deal on the land. If you do plant the oats, I'd cut it by the boot stage and make your hay then when it still has some value in it. I see nothing wrong with the suggestion to grow some pumpkins too if there's a good demand locally. I know there would be here..
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