Is hay marketing on par with your haymaking? |
By Mike Rankin, Managing Editor |
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There are plenty of exceptional haymakers across the U.S.; however, for commercial hay growers or those who simply have extra inventory to sell, haymaking is only half of the equation. There’s also hay marketing to deal with. Most companies have a marketing department or hire a marketing firm. Farmers generally don’t have that luxury. Marketing is just one more hat that needs to be worn and, for many, it’s not a hat that often fits very well. Depending on the year or location, marketing strategies need to be nimble to ensure a reasonable return. When the hay market is high, achieving a profitable return is relatively easy. It’s when hay prices sag that marketing skills can pay big dividends and often dictate profit or loss. Duane Miller, an agronomy extension educator with Penn State University, suggests that marketing hay should entail more than simply selling hay at a local auction. He offers these hay marketing tips:
Developing a consistent and loyal customer base takes much of the risk out of selling hay. The first step to that end is to differentiate yourself from others who are selling hay in your area. |