Copeman,,,good question. it's been a long time since i've cut and baled hay,,,and think i may not ever do it again - not in the immediate future anyways.
Most recently,,we haven't had to feed any hay at all,,and if there's a need in the future, hay can be be bought for a reasonable price around these parts. There's fellers around here that have plenty of good equipment that'll cut and bale hay.,,and i figure i'd just as soon pay them to do it at less that what i can do myself.
Now, i recognize that everybody's operation is different, but - with the way my operation is run - having a tractor just to cut and bale my own hay doesn't make any financial sense to me - especially during those years when it's not needed at all.