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RSS By: Paul Neiffer, Top Producer

Paul is now part of the fourth generation in America that is involved in farming and hopes the next generation will be involved also. Through his blog he provides analysis and insight to farmer tax questions.

What About Hay?

Sep 06, 2012

We seem to write mostly about the main three grain crops in the US (corn, beans and wheat) since they comprise a large portion of US Ag revenues.

However, there are several other very important crops that are harvested every year.  One of those crops is hay.

I have reviewed the data from the USDA site and find the following:

  • In 2011, total hay dollar volume was about $17.7 billion.  There were only three states over $1 billion.  California at $1.7, Idaho at $1.07 and South Dakota at exactly $1.0 billion in gross hay sales.
  • Every state but Hawaii reported hay sales with Rhode Island being the smallest at $3.5 million.  Even Alaska had over $6 million in hay sales.
  • The top 10 states are all concentrated west of the Mississippi river.
  • Peak hay sales occurred in 2008 with almost $19 billion of hay revenues.  During the last 10 years, sales have ranged from a low of about $12 billion up to the $19 billion.  2008 was #1, 2011 was #2 and 2007 was # 3.

 

Hay is very important to the livestock and dairy industry and much of it is exported to  other countries.  This trend will continue.

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