There's not always hay available to buy. When you "vastly increase your stocking rate" and quit cutting hay, you set yourself up to either have to buy high-priced hay or sell cheap cows. It's a whole lot better to have extra grass than it is extra cows.[/quote]
Amen to that! Usually a guy has to get burned pretty bad that way to learn that lesson well! Been there done that luckily not burned too bad :) I saw it in the 96 drought where a cow could eat her own worth in hauled in hay in about a month. A guy here with purebreds was buying cubes by the truckload to keep his herd intact because there was no hay to buy here at nearly any price. Lot of guys lost everything in that one. Read an article in Stockman Grass Farmer that most folks are overstocked anyways. Aggressive culling of low performers and problem cows eliminates most of your problems and lowers stock density, which means more grass available for your highest producing cows and usually a good increase in productivity even at a lower stocking rate. Makes sense to me. Like and old timer it's hard for me to learn that 'aggressive culling' though :)
Better to have just your best cows and get rid of your problems, and have more grass that what you need. In a drought you'll have more grazing til you start hurting and in a good year have hay to sell. Sure beats buying it when it's priced like gold if you can get it at all.
Good luck! OL JR :)