Tight supplies to support alfalfa prices through 2010
Tim Hoskins,
Iowa Farmer Today
Alfalfa prices likely will continue to be strong heading into 2009 and 2010.
Matt Diersen, South Dakota State University ag economist, says he expects tight alfalfa supplies and strong demand to keep alfalfa prices strong for the next couple years.
The average national price for a ton of hay in October was $133 per ton, the Economic Research Service reported in its Feed Yearbook for conditions as of Nov. 1. The low for 2007 was $131/ton in June and July.
That compares to a $110/ton average for 2006. The only other time U.S. prices topped $100/ton was in 1997, when they averaged $100.
The Beef Blog 