Dollars & Cents of Alfalfa Production

The last several years have been incredibly challenging for all of Kentucky agriculture and hay producers have been no exception to the rule. Statewide, alfalfa yields have been below average in 3 of the last 4 years due to challenging weather in 2007, 2008, and again in 2010. In addition to the weather challenges, producers are also dealing with higher costs of fuel, fertilizer, and machinery. These challenges make budgeting especially important looking ahead to the 2011 growing season