Its actually a legume as opposed to a grass and there are 2 broad types. Annual, which includes Kobe and Korean and Serecia which is a perennial. The annuals are somewhat misnamed since, while they are true annuals, they self seed prolifically. Serecia is tough, stemmy, and not really useful. It can make good hay if its cut early but its hard to do. I've seen it used sucessfully mostly on acidic mine spoil reclamation. For cows on thin stillage or wet distillers grains it does make a good fiber source.
Most all we see around here are the annuals. They make real high quality feed, fairly low yields but they tolerate lower pH's than either clover or alfalfa and they fix nitrogen. As you mentioned, seed cost is pretty high. I'd not consider planting them for hays except for special cases. As a pasture component they are exceptional. I try to manage my pastures to maintain them since Im not paying that much for seed when ladino clover gives the same results at a lot lower cost.
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Today's Featured Article - Third Brush Generators - by Chris Pratt. While I love straightening sheet metal, cleaning, and painting old tractors, I use every excuse to avoid working on the on the electrics. I find the whole process sheer mystery. I have picked up and attempted to read every auto and farm electrics book with no improvement in the situation. They all seem to start with a chapter entitled "Theory of Electricity". After a few paragraphs I usually close the book and go back to banging out dents. A good friend and I were recently discussing our tractor electrical systems when he stated "I figure it all comes back to applying Ohms Law". At this point
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