Posted by showcrop on April 02, 2017 at 17:42:50 from (73.238.20.26):
In Reply to: Making hay posted by Nick167 on April 02, 2017 at 14:19:50:
I started out very small and cheap with a partner. It is a gamble, but you don't need to have a lot of money in equipment. I paid $25.00 for the baler that I used for the first four years, but by then I was up to about forty acres. Ten acres is about double what I started with. A lot depends on having regular customers, who you supply to year after year so that you don't have feast and famine like others have mentioned. You take care of them and for the most part they take care of you. Last year I got $5.50 off the ground and I put only one bale of hay in my barn. I used to deliver a lot, but that was just drop the full wagon and take back an empty. Don't pay significant money for rent, unless the landowner is buying the lime and paying you to spread it. Your rent should not be over 10% of what you will gross on the crop. If the field costs much, move on. You can make some good money at it but you have to be kind of hard nosed. And once you are making some money you can trade up to better equipment. I put two kids through college on hay money.
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