Key considerations for buyer-seller conversations when pricing alfalfa

Pricing standing alfalfa requires an open conversation between buyer and seller, with both parties understanding the inherent value of the forage as well as the cost and risks of harvesting. This conversation should include the following topics:

1. Stand Density
2. Average Yield per cutting
3. Expected total season yield
4. Weather risks and field losses
5. Determine Value per ton DM
6. Harvesting Costs

More detailed explanations on each of these topics are provided in the document linked below.

Reference table for standing alfalfa pricing in 2024.

Table of prices based on expected yield, using a risk factor of 25%, a base price per DM ton of $260 and harvesting costs of $106. Updated 5/9/24.