Hello 1966chevy. 1) What is your soil like? Alfalfa likes light well drained soil. A heavy clay based soil will deliver a poor crop. Wet spots will drown the plants. I know you said it has had alfalfa before ,but were the crops any good?
2) Seedbed: Must be fine and firm. You are dealing with a "small seed" so you will need a drill with a specialist "small seed" box to get the seed rate low enough (a regular seed drill will put the seed on way to heavy). The seed bed must be firm, as with a soft bed it is to easy to bury the seed too deep and the plant will die before the shoot reaches the surface. Tiny seeds, tiny energy reserves. NOTE soil temperature is important, too cold and the seed sits in the ground and rots.
3) Timing of cutting is important, to late and you are damaging the next crop. (flowers are a broad hint you are late, %&*$ rain delay)
4) When rowing up for hay row up while still damp with dew to avoid bashing the leaf off the stem, also keep the rotor speed DOWN. 540 rpm just bash the leaf off even when damp.
5) NO sweeping, the next crop's shoots ,will be knocked of the plant.
6) If you make wrapped silage no wrapping in the paddock, the cut stems are like needles.
7) Lastly, what bugs are in your area and what alfalfa varieties are resistant or tolerant of these bugs? When blue/green aphid moved into my area the alfalfa was anniliated and it took several years to develop resistant varieties.
Just some of the questions you need to ask before spending a lot of money.