I used to try and figure that out as well. gave up and took the cost of custom cutting in the area by the hour, baling at $10 a bale. raking by the hour. then give him the bill and what ever the going price of hay is at that time take that amount of hay. some fields that only give 1 bale an acre the hay is all yours and he still owes you money. other fields he makes out well. to me that is the only way to do it. I did one field for a neighbor that was 20 acres and got 5 bales. cost me more in fuel than the total of those bales could be sold for. I have lots of debt and like to help where needed but this neighbor new how to do everything that cost money get someone else to do it and make it sound good and he gets it for nothing. he was close to a millionaire and now his land sits uncut and he keeps trying to get some other sucker to farm it. I warned my friend but he did it as well. The saying goes sucker born every minute fits. I think in 15 years 5 people have been taken in by this guy like that.
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Today's Featured Article - Madison's County - by Anthony West. Philip Madison has been a good friend of mine for quite some time. He has patiently suffered my incessant chit chat on the subject of tractors for longer than I care to remember, and on many occasions he has put himself out, dropped what ever it was he was doing, to come and lend a hand cranking handles, or loading a find onto a trailer. Although he himself has never actually owned or restored a tractor, he was always enthusiastic and always around helping with other peoples projects.
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