Frequent drought and rising input costs have livestock producers continuing to feel pressure to find feed for their herds. University of Missouri Extension specialists encourage farmers and ranchers to use free online tools to improve feed sourcing and budgeting decisions.
One such tool is Feedstuff Finder, available at FeedStuffFinder.org. The free web application connects forage producers with buyers while also helping livestock producers locate available feed products, said Ryan Milhollin, University of Missouri Extension assistant professor of agribusiness management.
The platform estimates delivery costs, helping producers compare the total cost of hay and feedstuffs delivered to their farms. Feedstuff Finder is available at no cost to buyers and sellers nationwide.
“Feedstuff Finder gives producers more transparency in the marketplace,” Milhollin said. “Whether you’re trying to sell hay or secure feed during tight conditions, current information on feedstuff opportunities by location can make a significant difference in your bottom line.”
Demand for tools such as Feedstuff Finder is increasing as droughts continue to limit forage availability across many regions of the United States, forcing producers to reconsider sourcing and pricing strategies, Milhollin said.
“When dealing with drought, having a solid inventory plan is critical,” said MU Extension agronomy specialist C. Tim Schnakenberg. “Producers should know what they have, what they’ll need and what their options are if conditions worsen.”
Risk management also is important.
“Livestock producers may need to secure their hay inventory early in the season when options are abundant,” Schnakenberg said.
Beyond forage availability, rising costs are affecting nearly every aspect of agricultural production. Experts recommend farmers revisit their enterprise budgets to better understand how those changes affect production costs and profitability.
“Input costs have shifted significantly over the past few seasons,” Milhollin said. “Reevaluating your enterprise budget isn’t just a good practice. It’s essential for making informed decisions in today’s environment.”
Forage and other enterprise budgets are available at mizzou.us/MissouriAgBudgets.
