People skills. You need to be a salesman, work with a wide variety of people, find customers and deal with fussy people. You know - "horse people." Shutter.........
Have storage space to keep good hay in when you can bale it, and store it in excellent shape until the market price is up.
Be able to weather the ups and downs of the business. Some years you make a lot of hay; some years you make a lot per bale. Some years the market is flooded with crop and worthless. Some years the crop is flooded by rain and worthless quality. Over a 10 year period you hit some highs and lows, if you are around the full 10 years...... It probably averages out in your favor.
Check out your market, who is buying in your area, what do they want? Generally small square bales sell for a lot more than rounds, but you end up dealing with picky, fussy, 10-bale at a time buyers. That doesn't work well if you aren't living by your hay barn. Often a round baler you can go bale for others, and help pay it off that way.
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Today's Featured Article - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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