I live next door in New Brunswick. In my opinion, you're too late to get the equipment you need at the prices you want for this year.
I would graze the horses as long as possible on the land you have. I would use your mower to put up as many acres of loose hay every chance you get over the summer. It is hard work but cheaper.
Despite the other poster, you can't graze horse over winter in Maine, they will starve to death once we get the ice and deep crusts. The deer will forage harder than a horse, and eat bark and cedar and fir needles and they still starve up here.
If you want to start putting up quantities of hay, you will have to start watching classifieds and fencerows like a hawk and calling quickly. Look at stuff before you buy, its not all in good shape.
You can get a tractor cheaper than a good baler, a rake is also needed. In my opinion, in Maine, a tedder is an absolute need as well. I can't put up hay except one week of the summer without a tedder, just too wet here.
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Today's Featured Article - Tuning Up Your Tractor: Cooling and Fuel Systems, Hoses and Belts - by Curtis Von Fange. Our tractor is coming right along. The old oil and filter has been taken to the recycler and the air filter replacement has breathed new life into our motor. Let's take a closer look, now, at the cooling system since it has to work so hard in the summer heat. Cooling systems can be real cantankerous in their old age. Radiator cores clog up with rust, lime or other mineral deposits and the fins clog up with weed seeds and debris. The metal headers slowly corrode away from years of use and
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