Here's a breakdown on expenses for doing hay.
Alfalfa, Hay
Estimated Expenses per Acre
Your Amount
Farm ($/acre) Price Quantity Unit Description Item
Variable Expenses
_______ $13.80 $0.23 60.00 lb P2O5 Fertilizer
_______ $28.50 $0.15 190.00 lb K2O
_______ $4.76 $2.38 2.00 lb Boron
_______ $5.00 $5.00 1.00 acre Custom Application
_______ $10.72 $16.00 0.67 ton Custom Applied Lime 1
_______ $18.46 $9.23 2.00 pt Furadan 4F Insect Control 2
Weed Control
_______ $3.05 $2.03 1.50 pt Poast Plus 3 Post-Emerge
_______ $2.04 $1.02 2.00 pt Crop Oil
_______ $5.00 $5.00 1.00 acre Custom Application
_______ $1.65 $1.65 1.00 pt 2,4-DB 4
_______ $1.25 $5.00 0.25 acre Custom Application
_______ $4.04 $4.04 1.00 pt Gramoxone Extra Dormant Spray
_______ $0.59 $1.18 0.50 pt Surfactant
_______ $5.00 $5.00 1.00 acre Custom Application
_______ $27.93 $1.33 21.00 lb Fresh Cut Hay Preservative
_______ $5.79 $0.04 140.00 bale Twine
Machinery
_______ $2.76 $2.76 1.00 acre Fuel
_______ $0.41 $0.41 1.00 acre Oil & Filter
_______ $21.72 $21.72 1.00 acre Repairs & Maintenance
_______ $8.12 10.0% $162.47 acre 6 months Interest on Operating Capital
_______ $170.60 Total Variable Expenses
Fixed Expenses
_______ $35.07 $35.07 1.00 acre Prorated over 4 years Establishment Cost
Machinery
_______ $21.05 $21.05 1.00 acre Depreciation
_______ $30.22 $30.22 1.00 acre Interest
_______ $2.13 $2.13 1.00 acre Housing & Insurance
_______ $88.47 Total Fixed Expenses
Labor Expenses
_______ $44.99 $8.00 5.62 hour Labor 5
_______ $304.05 Total Budgeted Expenses
Footnotes:
1 Lime is applied at the rate of 2 tons every 3 years.
2 Other materials may be used at slightly less cost, but do not appear as effective.
3 Poast Plus is included for control of crabgrass, which is a common problem. If johnsongrass is a problem,
Select may be used.
4 Applied once every four years.
5 Labor expense is $8.00 per hour, including wages, Social Security and Medicaid taxes and payroll
administration costs.