Source: Krishona Martinson, University of Minnesota Extension, (763)767-3842, bjork026@umn.edu
Contact: Catherine Dehdashti, U of M Extension, (612) 625-0237, ced@umn.edu

Horse owners should anticipate higher hay prices in 2008

ST. PAUL, Minn. (4/21/08) — The United States Department of Agriculture (USDA) has released several crop reports that indicate the number of hay acres will be down in 2008. The USDA also reported that the existing hay supply is lower than previous years. This information, combined with higher input costs (fuel, fertilizer, land rent) and higher grain prices (corn, soybean, wheat), will likely lead to increased hay prices. 

Through the fall of 2007 to the spring of 2008, the Sauk Center Quality Tested Hay Auction recorded record hay prices. Average hay prices were $100 a ton higher in 2007-2008 than the previous five-year average. 

To prepare for higher prices, horse owners should:

1. Remember, quality forage should be the backbone of your horse’s diet (forage is a minimum of two-thirds of their nutritional needs). 
2. Have a good working relationship with a hay supplier to ensure a consistent and reliable source of hay. 
3. Consider adding hay storage space to reduce the effects of price and seasonal fluctuations. (Hay is sometimes more expensive in the winter than in the summer.)
4. Buy hay early. Do not wait until late summer or fall to buy hay. 
5. Plan in advance. Budget for the price increase and re-evaluate how many horses you can afford to feed.

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