Wow! There is a lot of good info on this post!
While you are looking into the equipment cost and marketing, be sure to price the start up cost of the hay crop. I guess you would want Coastal Bermuda or some other type of Bermuda, that is if you can't grow Alfafa where you are. Alfafa brings more $ than grass hay. The cost of sprigging Coastal is around $80 to $100 per acre that does not include disking, leveling and smoothing the land, and any other prep work. You can seed other types of Bermuda like Giant Bermuda. That seed cost $300 per 50 lbs bag last time I looked. I think use 10-15 lbs per acre of seed.
While you are looking into the equipment cost and marketing, be sure to price the start up cost of the hay crop. I guess you would want Coastal Bermuda or some other type of Bermuda, that is if you can't grow Alfafa where you are. Alfafa brings more $ than grass hay. The cost of sprigging Coastal is around $80 to $100 per acre that does not include disking, leveling and smoothing the land, and any other prep work. You can seed other types of Bermuda like Giant Bermuda. That seed cost $300 per 50 lbs bag last time I looked. I think use 10-15 lbs per acre of seed.