Hi all,
This thread has been really good for me. I'm learning a lot.
I'm seriously considering investing money in refurbishing my hay meadow. It's about 80 acres. The local agent says it needs to be reseeded and the government can help with that. I don't know all the specifics yet, but one thing he said to me stuck out. He said that in any given year when there is rain, everybody has hay. So, how do you guys make money selling hay in a year when everyone has hay? Or do you make money that year? This ranch was my husband's love, but for me it has to be a business because it's such hard work! I don't want to be investing money in a losing money proposition. This year, the baler will bale it for $22 a roll. I was thinking that if I sold it for $45-50 a roll, that wouldn't be a bad deal for me. However, some people are trying to tell me that you can't get that even for medium quality hay this year because "everybody has hay this year"....
Whatta ya think?
pbnewbie
This thread has been really good for me. I'm learning a lot.
I'm seriously considering investing money in refurbishing my hay meadow. It's about 80 acres. The local agent says it needs to be reseeded and the government can help with that. I don't know all the specifics yet, but one thing he said to me stuck out. He said that in any given year when there is rain, everybody has hay. So, how do you guys make money selling hay in a year when everyone has hay? Or do you make money that year? This ranch was my husband's love, but for me it has to be a business because it's such hard work! I don't want to be investing money in a losing money proposition. This year, the baler will bale it for $22 a roll. I was thinking that if I sold it for $45-50 a roll, that wouldn't be a bad deal for me. However, some people are trying to tell me that you can't get that even for medium quality hay this year because "everybody has hay this year"....
Whatta ya think?
pbnewbie