Nevada Hay report for the Pacific Region. These prices represent average price at point of first sale for all grades and qualities sold. Sales by farmers range from small or large bales to occasionally round bales or bulk loose hay. The average price concept is that price which would result from dividing the total dollars received by all farmers, before any marketing charges are deducted, by the total quantity sold.
Prices received by farmers are used by the Farm Services Agency (FSA) to administer the disaster program payments and to set coverage levels for crop insurance elections. Beef cattle and hay prices are used by the Forest Service (FS) and Bureau of Land Management (BLM) in determining grazing fees on public land. Prices received are also used by the Economic Research Service (ERS) as a basis for calculating gross farm receipts.