That's about what I come up with on my operation. I figure it costs about .30 per bale to get it off the field in a stack.
Profitability from a per unit basis though. If I'm shooting for a 30% return plus hourly for my time. I can make about 200 bales an hour on a large field, less on a small field, plus all the cutting, raking, moving equipment, stacking/hauling I estimate that when I'm done I have about 10 minutes a bale into them. A 60 lb bale at $4 per bale (133 per ton)shows a per unit profit of around $1 per bale. This means that I'm making %25 profit and getting nothing for my time. When you factor in the equipment replacement I suspect that until I can do around 10,000 bales a year I'm probably really breaking even in the long run.
The most profitable part of haying for me is custom cutting and baling for people with 10 acres and a horse, but no equipment.
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Today's Featured Article - New Life for an Old Allis - by Tyler Woods. My friend Jon, has an old '39 Allis Chalmers B. He thought it a marginal tractor that had long since served its time. She smoked terribly and never had much power but he couldn't afford another so he was limping along with what he had. Jon's Allis has a small front loader and though it doesn't carry much, it serves his needs. It was the hard starting and low power that made him think it was time to replace the old girl. Jon called me to help him discover why his tractor wouldn't start
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