CONTENTS 



Page 



SUMMARY 1 



INTRODUCTION 3 



VOLUME AND QUALITY OF HAY 5 



Time of Harvest 5 



Fertilization 7 



Two -Cut System of Harvesting 12 



Changing the Composition of the Sward 16 



COST OF PRODUCING HAY , 19 



Fixed Costs 21 



Variable Costs 23 



Costs for Twice -Cut Meadows 26 



HAY COST ANALYSIS 27 



VALUE OF HIGH-PROTEIN HAY 33 



ECONOMIC ANALYSIS OF HAY MANAGEMENT TECHNIQUE .... 41 



Feed for Breeding Herd 43 



Feed for Weaner Calves. 44 



Considerations Other Than Cost of Feed 45 



APPENDIX 47 



Guide for Determining Rate of Application of Nitrogen 



Fertilizer to Produce Hay 47 



Why Midpoint is More Profitable Than Full Application Rate .... 50 



Basis of Calculation of Cow-Units in Table 19 52 



11 



