Alfalfa Small Bales Planning Budget
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See Missouri Forage Budgets (XLSX) for related information.
Professor, Agricultural Business and Policy Extension
This budget presents information useful to farmers planning the production, financing and marketing of alfalfa small bales. Establishment costs for alfalfa can be found in MU Extension publication, G661, Alfalfa Establishment Planning Budget. Table 1 presents estimates for the 2021 crop year for established alfalfa small bale production in northern, central and southwest Missouri. Assumptions were based on price conditions as of October 2020. Detailed prices and practices are summarized in Tables 2 and 3. The production practices used to develop these cost estimates are common in Missouri. Farmers are encouraged to modify this budget based on their circumstances. For example, an alfalfa large round bale planning budget could be developed by modifying machinery activities and hay sales.
- Alfalfa small bales
- Crop budget
- Farm budget