People skills. You need to be a salesman, work with a wide variety of people, find customers and deal with fussy people. You know - "horse people." Shutter.........
Have storage space to keep good hay in when you can bale it, and store it in excellent shape until the market price is up.
Be able to weather the ups and downs of the business. Some years you make a lot of hay; some years you make a lot per bale. Some years the market is flooded with crop and worthless. Some years the crop is flooded by rain and worthless quality. Over a 10 year period you hit some highs and lows, if you are around the full 10 years...... It probably averages out in your favor.
Check out your market, who is buying in your area, what do they want? Generally small square bales sell for a lot more than rounds, but you end up dealing with picky, fussy, 10-bale at a time buyers. That doesn't work well if you aren't living by your hay barn. Often a round baler you can go bale for others, and help pay it off that way.
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Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
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