We lease as a family 250 tillable acres. Of that there is one field I'm thinking about not re signing and attempting to do myself it is right at about 25 acres and boarders quite a bit of my current hay ground. Although this is kinda my land I'd still have to pay rent technically. The land is in a trust that is owned by my aunt uncle and mom but trust is then willed to me and my brother so its mine but not mine. With that said I'd have all the control I want as its my land just downside of I'd still need to pay the trust the rent. So I'd need to match what we are currently getting which is 225 an acre.
I'm currently doing 30 acres on our farm that's not included in the 250 as its to steep and smaller odd shapes to do row crops in but as mentioned that land boarders some of field I'm thinking about taking. Right now all my hay ground is very steep to steep to really get any high quality or top shelf quality hay so plus of this new field would be ability to get some better hay growing maybe. Other plus is this field is somewhat flat least its flat enough to pull wagons over where as now I drop all bales small sqs on ground and pick up with truck. Its also in good condition soil wise as its growing some 250 bussel corn atm so soil is not starved.
My market around here is good last 2 years doing hay I've easily sold out my hay for an average of around 6 bucks a bale that being around 2000 bales of mixed grass and clover hay. Even sold a few barn kept 4x5s for 50 bucks. Mostly horse owners.
I have 2 barns with hay mows I can store guessing around 7500 bales but they are mows gotta be put up old faished way. I can get around 60 rounds inside as well.
My equipment is all decent no real gems all is used and seems to brake down but have been able to keep it all functioning so far.
Case 2590 180hp
Case 2090 110hp
Ford 4640 60hp
John Deere 459 round baler
John Deere 328 square baler
John Deere 535 moco
Claas 75t 6 basket tedder
New Holland 56 rake
Pending buy of krone 42t rotory rake
328 john Deere skid steel with bale spear
410 john Deere backhoe
Gmc 1 ton truck 2014
10 ton equipment trailor
Broke hay elevator
I do have a full time job and do have some half way reliable help and few local kids I can hire as help. I've got a little money to invest but nothing major. Can also tent a drill local for 10 bucks an acre.
So question is at 225 an acre can I make any money I know somewhat loaded question alot of variables but curious what others pay for rent and what they have learned as to what kinda money one can gross per acre? I've calculated all my tons per acre money spent money made all that for last 2 years and with all that it appears I can make some money but with my limited experience and little data hard to trust that data for sure little to much apples to oranges right now.
Thanks in advance
Lease is up
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