Hay Purchase Agreement

Many owners prefer to sell standing sellers touting hay in cents/pounds or dollars/bale-based. This type of agreement effectively reduces the marketing and quality risk of the owners. The size of the balloon, the humidity level and the payment time must be agreed and indicated in a written agreement. There is a significant weather risk in the production of good quality hay and this risk is normally included in the offer price for standing hay. A written agreement not only protects individual interests, but generally leads to a better understanding of the GTC by both parties. “hay” means medium-quality legume and grass mixtures for the beef industry. Hay for the dairy industry is considered a special crop. Breeders usually buy multi-year fodder from second tenants. It is in the best interest of the seller and buyer to obtain written documentation of the agreements. Offers for standing hay can be on harvest factors (e.g.B.

weather) around 10 to 30 percent. Determine your local offer and hay price. Sources include daily and weekly newspapers or online classifieds sites. Note: This example does not contain a value for additional rental costs, such as the annual cost of fertilizers or the cost of nutrients exported from the country in the form of hay (for an estimate of the value of nutrient use exported by the Saskatchewan Ministry of Agriculture Hay Share Calculator). The cost of cutting and baling can vary depending on the size of the equipment used….

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