Most farms have a profit margin of less than 10%, according to the U.S. Department of Agriculture. While some farmers diversify their income by growing hay for their own use and selling the extra for more revenue, Roberts said that’s one of the things keeping them in the red.
“The farmers that I know that aren't making hay and that are feeding very little hay are very profitable,” he said. “I mean, they’re making close to $400 more per cow than what is normal in the state, and that's a big number.”
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