Summer Hay Expense
Posted by Bill on Aug 21 2006 at 09:54 am | Tagged as: Horse Ownership Costs
One of the most important things we’re trying to do with this website is identify the expenses involved with horse ownership so new horse owners know what to expect. I now know how much we’re spending on hay for our two horses during the summer months. Back on May 22nd of this year we secured a load of hay that will last until tomorrow, August 22. Here are the facts:
Purchase date: 5/22/06
Quantity: 40 square bales (30 lbs. each)
Cost: $1 per bale/$40 total
Additional expense: $20 gasoline
Total cost without gas: $40
Total cost with gas: $60
Supply longevity: 93 days
Base on those figures, here’s how the hay cost breaks down:
Bales used per day: .43 or 2/5th’s total per day
Cost per day w/o gas: $.43 total or $.22 per horse
Cost per day w/gas: $.66 or $.33 per horse
So that’s pretty good! If only hay cost $1 per bale all year.
Now here’s a little background on this hay purchase. We live in east Tennessee and know someone whose mom has a farm and raises hay. She had some hay from the previous year that was dry and in good shape. Our friend feeds this hay to all of her horses including a pregnant mare who foaled this summer. The hay was $1 a bale partially because it was cut last year and they wanted to make room for the new cutting. We think that the price next time will be more like $2.50 for fresher hay but will detail that expense when we get to it. Our horses ate the older hay for 3 months and seemed fine with it. We didn’t find any mold and it held together nicely.
One of the other reasons the hay expense per day is so little in the summer is that our horses graze in our pasture for most of each day, eating fresh green grass. Our winter hay expense will be considerably higher since they’ll spend more time at the barn and there won’t be new grass growing in the pasture.
Now here we are nearing the end of summer and are starting to plan for our winter supply. Our plan is to build an inexpensive loft in an unused stall and to purchase less expensive summer hay in bulk. If there is a second hay cutting in our area, we’ll try and pick up square bales in the field to keep expenses even lower. We may even supplement our supply with a large round bale ($25 for 1,000 pounds) that we’d keep in the old barn. We don’t want to be stuck paying $4.50 a bale at the end of winter, like this past year.
I’ll update the Horse Expense List on the site with this new info.
Gotta question about hay bales. We bought a bale the other day for $22.00 at our local feed store probably weighed about 100 pounds. Where does one find a $4.00 bale of hay, or is the bale we bought a different size than a $4.00 bale?
Can you tell we are newbies? hehe
Thanks,
Lisa
in NM
These 100 lb hay bales are new to me. I haven’t seen them anywhere here in east Tennessee. So far we’ve only seen 30 lb. bales. The prices we’ve mentioned are for 30 pound square bales, unless otherwise noted. That makes up for some of the price difference. But even at, say $4 for 30 pounds in winter, that translates into a little over $13 for 100 pounds. However, another critical factor is where you live. There are a LOT of hay farms here. Probably not so much in New Mexico.
I’ve had several comments like yours since posting this info. I guess $4.50 for a 30 pound square bale during winter isn’t too bad. Man, this is an expensive hobby!
I will note, however, that feed stores seem to have the highest prices for hay. If there are any hay farms in your area, I would bet their prices will be much less.
And if $22 a bale is killing you financially, how about organizing a co-op and buying a truckload from Colorado or something? You just need a place to store it and everyone who participates saves money.
Newbie? Well that makes two of us. Takes one to know one!
Regards,
Bill in TN
Thanks for your reply, Bill!
No hay farms in these parts. Mostly tumbleweed and rabbit brush growing here. hehe
And these huge 100lb rectangle bales are a struggle to lift and move, not to mention the price.
We love your idea of getting a co-op together to buy a truckload of hay and share the costs! Thanks again!
No problem, Lisa. To tell you the truth, we’ve been toying with the idea here, too. Not so much for hay but for wood pellet bedding and to share the expenses of owning a tractor and implements. I don’t NEED a tractor full time so maybe I could find 9 other horse people who only need one occasionally, too. We organize a non-profit organization, pay small monthly dues and in a year but a tractor we all share. Something like that. I’m sure it’s WAY more complicated that I just made it sound but we’re thinking about it. And for those of you who have super-high hay and grain feed bills, a co-op might work even better.
Good luck and let us know how it turns out!
Bill