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How much is straw worth???

By Jochum Wiersma, Extension Agronomist

As harvest is approaching quickly and margins continue to be thin you may be contemplating whether it is worthwhile to bail straw. To put a value on something, we generally look at the marketplace and let supply and demand determine the value of the goods in question.  To determine the value of straw, we can look at some local or regional hay auctions like the Central Minnesota Hay Auction in Sauke Centre to get some idea what livestock producers are willing to pay. However, we could also look at it from a different angle. Opportunity costs are defined as the costs of using a resource based on what it could have earned if used for the next best alterna tive.

To continue reading, visit the full article:  The Value of Straw

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