Alfalfa Small Bales Planning Budget

Editor’s note
The following abstract describes a publication that is only available as a downloadable PDF.

See Missouri Forage Budgets (XLSX) for related information.

Raymond Massey
Professor, Agricultural Business and Policy Extension

Abstract

Using this planning budget, farmers growing alfalfa can estimate their costs and returns associated with producing small square bales in 2023. Establishment costs for alfalfa can be found in MU Extension publication, G661, Alfalfa Establishment Planning Budget. Table 1 presents estimates for established alfalfa with small bale production. Assumptions were based on price forecasts as of September 2022. Detailed prices and practices are summarized in Tables 2 and 3. The production practices used to develop these cost estimates are common on Missouri farms. 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. Use the “Your estimate” column to plan your operation’s costs and returns for 2023.

Topics

• Alfalfa small bales
• Crop budget
• Farm budget

Pages

• 2