I live next door in New Brunswick. In my opinion, you're too late to get the equipment you need at the prices you want for this year.
I would graze the horses as long as possible on the land you have. I would use your mower to put up as many acres of loose hay every chance you get over the summer. It is hard work but cheaper.
Despite the other poster, you can't graze horse over winter in Maine, they will starve to death once we get the ice and deep crusts. The deer will forage harder than a horse, and eat bark and cedar and fir needles and they still starve up here.
If you want to start putting up quantities of hay, you will have to start watching classifieds and fencerows like a hawk and calling quickly. Look at stuff before you buy, its not all in good shape.
You can get a tractor cheaper than a good baler, a rake is also needed. In my opinion, in Maine, a tedder is an absolute need as well. I can't put up hay except one week of the summer without a tedder, just too wet here.
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Today's Featured Article - A Lifetime of David Brown Tractors - by Samuel Kennedy. I was born in 1950 and reared on my family�s 100 acre farm. It was a fairly typical Northern Ireland farm where the main enterprise was dairying but some pigs, poultry and sheep were also kept. Potatoes were grown for sale and oats were grown to be used for cattle and horse feeding. Up to about 1958 the dairy cows were fed hay with some turnips and after that grass silage was the main winter feed. That same year was the last in which flax was grown on the farm. Flax provided the fibre which w
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