In a turn from last year’s events, forage production is up this year, and it is all thanks to better weather with more moisture, but the extra supply is sending hay prices down.
Large areas of farm country were highlighted on the drought monitor last year, leading to reduced forage production. However, this year’s rain has helped boost the struggling crop. Hay prices started falling around May, around the same time tonnage increased 30-50 percent from last year.
Second-cut alfalfa is also looking to be in better shape. In April, a single bale was around $180, and now, it is around $100 cheaper. However, with in an increase in supply, experts recommend sending samples to a lab to check for quality.
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