Free online tools help farmers manage costs, forage challenges

COLUMBIA, Mo. – Frequent drought and rising input costs have livestock producers continuing to feel the pressure of finding feed for their herds. University of Missouri Extension specialists encourage farmers and ranchers to use free online tools to improve feed sourcing and budgeting decisions.

One such tool is Feedstuff Finder.  The free, user-friendly web application connects forage producers with buyers while also helping livestock producers locate available feed products, says Ryan Milhollin, University of Missouri Extension assistant professor of agribusiness management.

The platform estimates delivery costs, helping producers compare the true cost of hay and feedstuffs delivered to their farm. Feedstuff Finder is available at no cost and is accessible to both buyers and sellers nationwide.

“Feedstuff Finder gives producers more transparency in the marketplace,” says Milhollin, “Whether you’re trying to sell hay or secure feed during tight conditions, current information on feedstuff opportunities by location can make a significant difference in your bottom line.”

Demand for tools like Feedstuff Finder is increasing as droughts continue to limit forage availability across many U.S. regions, forcing producers to rethink both sourcing and pricing strategies, he says.

“When dealing with drought, having a solid inventory plan is critical,” says MU Extension agronomy specialist C. Tim Schnakenberg. “Producers should know what they have, what they’ll need and what their options are if conditions worsen.”

Risk management also is key. “Livestock producers may need to secure their hay inventory early in the season when options are abundant,” says Schnakenberg.

Beyond forage availability, rising costs are affecting nearly every aspect of agricultural production. Experts recommend that farmers revisit their enterprise budgets to better understand how these changes affect cost of production and profitability.

“Input costs have shifted significantly over the past few seasons,” says Milhollin. “Reevaluating your enterprise budget isn’t just a good practice. It’s essential for making informed decisions in today’s environment.”

Forage and other enterprise budgets are available from MU Extension.