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.