← FarmCPA Home

What About Hay?

By: | Trackback URL | 2 Comments

September 6th, 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.

Paul Neiffer CPA

Paul Neiffer

Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a partner with CliftonLarsonAllen in Yakima, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. In fact, Paul drives combine each summer for his cousins and that is what he considers a vacation.

More Posts - Website

Follow Me:
Twitter

← FarmCPA Home

2 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Subscribe to this blog by:

Previous Posts

Events

View upcoming speaking engagements and other networking events for Paul Neiffer and CliftonLarsonAllen’s agribusiness team.

See All

  • Twitter Feed

    Sort of sad all of the orange groves that have been pulled out due to drought 2 days ago

    Traveling north of Bakersfield CA. Orange groves by the dozen 2 days ago

    When "bullish" corn reports lead to flat closes what is Mr. Market telling you. Be careful. 2 weeks ago

    2010 spring corn price was $3.99. Only four years ago. 3 weeks ago

    Two good days to lock in decent prices on corn and beans. Did you take advantage of the opportunity 3 weeks ago

    Very little change on corn intentions in key corn belt state. Almost all reductions in fringe states such as ND down 1 million acre 3 weeks ago

    North Dakota up 1 million Minnesota up 700k and Nebraska up 600k represent almost half of the 5 million increase in bean acres 3 weeks ago

    Just spoke for 45 minutes on new farm bill to a group of 100 Minnesota and Wisconsin Co-op board members. No one fell asleep. 4 weeks ago

    Hard to beat spring time in the Pacific Northwest. 1 month ago

    Kansas City can be windy this time of year. Just got done taping with a farm family. Check it out on #agday next Friday 1 month ago