Hay in Michigan is thru the roof right now. Decent alfalfa will be $80-125/ton and if you assume a round bale is about 1000 lb, your friend is getting screwed. You can charge more to horse people, less to cattle people, but you"d have to bale it yourself or custom harvest it. Regardless, he should be able to get at least $40/bale.
The other thing your friend could do is to just lease out the land. On the west side of the state, cattle guys are renting hay ground for up to $180 per acre (last year was more like $60).
I suggest contacting someone at Michigan State or someone with a background in livestock. They can give you a better idea as to the quality of hay your friend is dealing with and how much he can get for it.
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