Hay Prices Rise as Drought Continues
Dry weather across the country has forced the price of hay to climb quickly. Scott Steffes is the President of Steffes Auctioneers; he says his actions have seen the price of hay move steadily upward, "You could probably call the hay market up 50%."
Steffes says the highest price paid at this auction was $240 per ton, and that price does not include delivery. Steffes says that price is a large increase, "Last year that number would have been maybe $185."
The auction this day had local buyers from Minnesota, but other states were represented, including Nebraska, Kansas, Iowa and Indiana. Josh Theisen says he ships most of his hay out of state, "Right now, most of it's going to Indiana."
Theisen's hay was sold for $230 dollars a ton at auction, he had hoped for more. He says he's confident the price will continue to increase.