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Implement Alley Discussion Forum

Buying Hay to resell

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Joe in IN

09-10-2007 19:46:18




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Anybody buy hay just to resell? make any money do it??

I might have the opportunity to "flip" some hay without ever touching a bale. What is a reasonabe margin to do this? (As much as I can get??)




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Cliff Neubauer

09-11-2007 17:33:29




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
I'd base your profit margin off how much risk you will have. It sounds like you will have the hay sold before you buy it and won't have to handle it so even a small profit margin will put some money in your pocket. On the other hand if you were buying it with the hopes of selling it for more next winter you would need to be expecting a much higher margin of profit.



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kyhayman

09-11-2007 15:30:47




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
I plan on making at least 20% plus the trucking or it isnt worth doing. This year, to keep market share I've cut back to trying to make 10% plus trucking.



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RickL

09-11-2007 05:44:30




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
I did do it still sometimes if I know the fellow baling it otherwise you can get in trouble quick. Hay on the outside does not show the rotten insides,beware OF THAT. I sell hay straw full time but it is 95% my baling so I know what selling. Rebaling large rounds into small squares done for few years but it just is hard to really make it pay out handling everything twice,twice the twine again etc. If you want to sell it in small squares then bale it THAT WAY IN THE FIRST PLACE. Thats all I do unless it gets heavy rain on then it gets rolled. CASH ON PICKUP AND BEFORE DELIVERY. fARTHEST i HAVE SHIPPED TO DATE IS 1465 MILES AWAY. Good Luck

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hay

09-11-2007 05:41:44




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
i don't think it would be a good idea in texas this year. hay is so plentiful, that the sellers are begging. maybe wait until winter or just at spring when everyone is out of hay, but by then there will be none to buy and resell either. good quality bermuda horse hay that is mold and dust free is the best bets for any profit. as was said by others, you the seller, will catch the flak if the hay is less than perfect in quality. be sure of what you get into and know your supplier and what their haymaking practices are. it will help a lot. also having hay tested for fiber, protien and TDN is a good thing to show to prospective buyers. good luck

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Nancy Howell

09-11-2007 05:31:43




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
Being a long time horse owner and in Texas, I know during the last two drought years, many hay dealers were "flipping" hay. Many brought in round bales and rebaled to square bales. As has already been said, to stay out of trouble, you will need to know the quality of the hay and make sure you have a clear understanding of "delivered" if you do that. Be sure to figure all your costs before making the decision.

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WyoDave

09-11-2007 05:11:19




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
Thats a very common thing to do around here, although usually they do something with it such as load it, unload it, split it into smaller packages, etc.. If you don't have to even touch it then I'd think if you can make $10 a ton you'd be doing alright, assuming you're not working on 10 tons or less then its probably not worth your time. Of course try to make as much as you can, if you can make 20 go for it. This guy makes a living buying hay from me by the semi load and hauling it to other states/regiouns and selling it in smaller quantities or just getting the delivery costs, etc..

third party image
I loaded this load for him yesterday.
David

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flying belgian

09-12-2007 18:41:39




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 Re: Buying Hay to resell in reply to WyoDave, 09-11-2007 05:11:19  
Is that all the straps he is going to use? How does that stay on there?



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johns48jdb

09-12-2007 02:48:03




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 Re: Buying Hay to resell in reply to WyoDave, 09-11-2007 05:11:19  
i hope you'll put more tie downs on that load. i've never seen anybody stack hay on its edge like that. seems like if it got rained on it would ruin in a hurry that way. just my two cents, sorry, 4 cents worth. everything has gone up.



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WyoDave

09-12-2007 04:58:24




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 Re: Buying Hay to resell in reply to johns48jdb, 09-12-2007 02:48:03  
This is Wyoming, there is no rain. That hay has been stacked outdoors with no cover since early June on edge. The loader lifts them on edge since that is how they're in the stack so it's easier to keep them on edge. You can't see some of the tie downs, but the entire stack is chained together. When he gets to the destination he can slide the entire stack off the back without having to mannualy unload them. He also was adding more straps as I drove off and took the photo. Before it moved I'm sure he had it well hooked down. I can see how you might be concerned with the pic however.
David

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Joe in IN

09-11-2007 05:53:15




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 Re: Buying Hay to resell in reply to WyoDave, 09-11-2007 05:11:19  
I was thinking more like $1 or $2 a bale(small square)...



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WyoDave

09-11-2007 18:46:47




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 Re: Buying Hay to resell in reply to Joe in IN, 09-11-2007 05:53:15  
$1-2, I'd do it for that. Thats $30-$60 a ton. If you can make that without touching a bale there is no reason not to do it, unless you're dealing small quantities, or are worried about your hay supplier or your hay buyers.
David



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Chad Franke

09-11-2007 05:40:40




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 Re: Buying Hay to resell in reply to WyoDave, 09-11-2007 05:11:19  
So that's where the guy gets his hay... He sets up just down the street from my work every couple weeks, sign on the back of the truck "Hay for Sale" and sits there selling hay by the bale until it's gone.



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WyoDave

09-11-2007 18:42:06




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 Re: Buying Hay to resell in reply to Chad Franke, 09-11-2007 05:40:40  
If thats the truck it probably is my hay. He has another truck too that he sometimes hauls with. He hauls hay somewhere just about everyday. Sometimes small bales, round bales, or big square bales.
David



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Michael Soldan

09-11-2007 04:56:54




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
This is just my opinion but hay dealers around here have tended to gouge people and they have soiled their own reputation. Buying hay and selling it for a profit is just a commercial enterprise, however you're the guy that takes the heat it a customer finds some mould in the hay, or other problems and begins a legal action against you because the horse got sick or some other combination of reasons why you should refund the cost. If you know the hay is a-one make sure you sell it "as is where is" to eliminate a lot of work and time. My friend sold a guy a load of small squares off the field and said he would deliver it. The customer insisted "Delivered" meant into the hay loft and stacked...friend got in his truck and towed the load home..there's headaches with everything and I agree with the other poster "Hay is sold cash money on the spot or it doesn't leave storage"

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IaGary

09-10-2007 19:54:38




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 Re: Buying Hay to resell in reply to Joe in IN, 09-10-2007 19:46:18  
Heck you buy and resale anything and make money.

Or lose money.

Just remember buy low and sell high.

Oh and one other thing. Make sure the check is good.

Gary



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steveormary

09-11-2007 16:48:29




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 Re: Buying Hay to resell in reply to IaGary, 09-10-2007 19:54:38  
I thought it was buy high and sell scheep.

steveormary



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