What is the price per ton for the standing hay crop?
The standing hay crop value is based on the estimated market value of the finished product (in the bale) less expected harvest costs and an allowance for weather risk. The weather risk allowance would be at least 10% (e.g. for grass hay) and as high as 30% (e.g. for alfalfa) of the expected market value. Without it a badly weather damaged crop could cost the producer the same amount as if they had purchased ready made, top quality bales from someone else.
