Sunday, May 19, 2024

Hay prices rising, supply limited amid drought and extreme weather



SAN ANTONIO – The drought and triple-digit warmth have hit many ranchers exhausting this summer season. The value of hay bales continues to bounce, and the loss of manufacturing is leaving providers and farm animals homeowners scrambling for choices.

“Supply is very low, and our demand is fairly high because the majority of the state of Texas is in some level of drought,” mentioned Vanessa Corriher-Olson, professor and extension forage specialist at Texas A&M. “Producers look to alternatives, so crop residues — other crops that can potentially be harvested for hay. Often producers look for hay supplies outside of our state to have them shipped in or trucked in, which can become very expensive.”

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Carl Chapman, proprietor of Bulverde Feed & Seed, mentioned his consumers have felt the brunt of 2 immediately years with upper hay prices.

“This year and last year were bad. Hopefully, we get some rain this fall in the springtime,” mentioned Chapman.

Chapman mentioned all over a excellent manufacturing yr, he sells bales for round $120. That worth spiked to $160 in 2022 and has fluctuated to about $140 this yr.

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“It’s just harder and harder to get good hay. You can find bad hay anywhere. We’re fortunate. We’ve got suppliers that irrigate and take care of us,” mentioned Chapman.

Jose Martinez owns a store subsequent to Chapman’s retailer and owns 4 horses. He used to be getting spherical bales for roughly $100 only a few months in the past.

“Feed expenses have gone up completely, probably about 40% just because of the drought,” mentioned Martinez. “Can you imagine if you own stables and or if you have cattle? It impacts much more.”

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“People may have to sell their livestock or reduce their herd size, and some folks have potentially already done that,” mentioned Corriher-Olson.

With fall and iciness getting nearer, Corriher-Olson mentioned manufacturers and patrons want to make the most of any rain we get as a result of supply is predicted to stick limited and in top call for.

“I always recommend to producers that when we do have good growing conditions to try to build up those hay stocks and store that hay appropriately within a barn or covered shelter to protect it so that it will last longer. So when we do get into scenarios of droughts or high temperatures or fertilizer prices, they have hay on land. They can get them through those challenging times,” mentioned Corriher-Olson.

Chapman mentioned he hopes issues flip round quickly as a result of that is essentially the most tough it’s been for his consumers in his 30-plus years of proudly owning his feed retailer.

“There’s always ups and downs. But we’re fortunate. We’ve got good people. They’ve been loyal to us, so that helps,” mentioned Chapman.


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