My initial cost was: Mower conditioner 3700.oo Tractor 3020 6500.00 Rake 50.00 Baler 200.00 + 800 in repairs to get working. Car Trailer 1200.00 I already owned a truck so bonus there..All this can vary some.. It took me many years to pay this back but that day finally came. I origianlly took hay to sale barn and put adds in paper and word of mouth some. Now with craigslist and internet its easier to advertise until you get your customer base built.
I keep all records on my laptop using spread sheet.. Keep track of every expense and every payment.. Took couple years but was worth it because I now know approx how many bales each client will use and store accordingly. If you can get them to load from field and offer a discount for doing so it helps alot and worth the discount.
Im fortunate that my work allows me to take my vacation by hours not days. So I can come in and work and leave according to what I have to do.. mainly I work till noon then go to the fields. Only try to cut enough that I can handle picking up in a afternoon.. I built a 24' x 36' metal building which holds about 1200 bales. I average anywhere from 2500-3500 bales a year and usually only need to store the 1200 give or take. I have a 45x65 shed that can use if needed but like my hay in a different shed than equipment..
Could go on but thats the basics.. As has been said some years good some years bad but now after many years of doing this I generally make out in the black unless a major repair comes up..
Good luck.. the guys on here are fantastic for help..
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