I should have clarified- assuming "hay is hay", what percentage of your typical hay sales is to the "horse industry" vs "cattle" or other? In other words, could a "hay farmer" not involved in cattle farming survive on non-horse hay sales?
I agree with most posts here so far- I have 7 World Champions in stall now that eat the same rounds that my neighbors cattle do- he wouldn't feed his animals junk either. Only exception: no fescue to breeding/ bred mares .
Right now, my horses are bypassing hay I roll in to the feild and eating the forsynthia bushes on the fence row- so they can't be all that picky
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