One of the challenges for pricing standing hay is the lack of an established commodity market like corn or soybeans. Another challenge is multiple cuttings with different quality and yield, versus a single year end harvest for grain crops. As a result, the price for standing hay often varies from farm to farm, even between fields.
Extension Waupaca County Agriculture Agent Greg Blonde shares in the fact sheet What’s Standing Alfalfa Worth in 2020?
how to determine the cost for standing alfalfa based on cutting system and which crop.