Alfalfa small bales planning budget for 2019

Abstract

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 Guide 661. Table 1 presents estimates for the 2019 crop year for established alfalfa small bale production in northern, central and southwest Missouri. Assumptions were based on price conditions as of October 2018. 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.