Are you a participant in the Conservation Reserve Program (CRP) and looking to harvest hay from your environmentally sensitive agricultural land? Understanding how to price your CRP hay is crucial whether you intend to use it for your own livestock or sell it to others.
Below are some tips to help guide you through the process, covering essential factors to consider and helpful resources to determine fair market value.
Assessing the forage quality is key to estimating its value and avoiding potential negative impacts on herd's health and fertility. By utilizing tools such as the UNL Standing Forage Excel Tool, you can evaluate the value of standing forage and make informed decisions.
It's important to explore pricing options. Hay auctions specific to your region and type of hay can provide insights into going rates.
The USDA weekly hay report for Nebraska offers valuable market information. To calculate the costs of haying and ascertain the worth of your feed, the Nebraska farm custom rates report cap.unl.edu and the UNL Feed Cost Cow-q-lator (search "Feed Cost Cow-q-lator") can be crucial resources.
Remember, maximizing returns goes hand in hand with maintaining the well-being of your livestock. Understanding CRP regulations, such as the frequency of haying and grazing, is essential to make informed decisions that align with your long-term goals.
By applying these strategies and utilizing the provided resources, you can confidently determine the fair value of your CRP hay, optimizing profitability while ensuring the health and productivity of your herd.
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Categories: Nebraska, Crops, Hay & Forage