The Casual Cattle Conversations Podcast: Stop Haying to Improve Your Bottom Line

Stop Haying to Improve Your Bottom Line

Haying season is a traditional summer activity for ranchers, but in today’s economy, doing the work yourself versus buying hay might be hurting your bottom line.

“When you look at the numbers honestly, you may find you’re better off not making hay at all,” says Carson Roberts, extension specialist for forage and agronomy at the University of Missouri.

Time, equipment, interest rates and inflation shift with each generation. With feed as a top cost for cow-calf producers, knowing the true cost of hay production is imperative to running the ranch like a business.

“It’s all about getting above the business and looking down at it — and numbers are a really good way to do that,” says Roberts. “Know your numbers, not someone else’s numbers.”

There’s a lot that goes into calculating hay production costs. The first place to start is by separating enterprises.

“You need to separate your haying operation from your cattle operation — those are two different enterprises,” Roberts says. “Even if you’re feeding it yourself, put a real dollar value on that hay.”....



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