One of the challenges when pricing standing hay is the lack of a formal commodity market like we have for corn or soybeans. Another challenge is multiple cuttings during the same growing season versus a single year-end harvest for grain crops often with more variation in quality, as well as yield. As a result, the price for standing hay is often different from farm to farm, even between fields. Here’s one example for pricing a field of standing hay in 2019.
UW-Extension Waupaca County Agricult