Premium Hay Prices are on the Rise
YAKIMA, Wa - Rain is driving up prices for premium hay. Hay growers say this is the hay used to feed horses.
The demand for hay was already high because rain delayed the first hay crop by about two or three weeks. If it rains before the hay can dry out, it hurts the quality. It rained this weekend when most hay growers cut their crop and now there's very little premium hay.
Smaller growers are keeping prices down for premium to try and reel in new customers for the second cut, but one local grower says prices are not coming down any time soon.
"A certain amount of people still sell at regular price, but if you know what the market is, the market is significantly higher. You know we're not only dealing with damaged hay this year, we're dealing with record fuel prices and fertilizer prices. We've been stuck on $100 and $120 hay for years. It's time to see it move to 150 and above," says Mike Byrd, a local hay grower from Selah.
Byrd expects the price for premium hay to stay up where it is until at least next year, if not longer because fuel and fertilizer prices have also gone up.