A team of researchers from the University of Tennessee Institute of Agriculture is launching a study to improve price discovery and market transparency in hay markets. These improvements will help create a more efficient market and provide valuable information that benefits buyers and sellers of hay.
While hay constitutes a major feed source for many livestock operations, market values for hay have rarely been studied. Existing research focuses on hay auctions; however, most hay produced in the U.S. is not marketed through auctions. Rather it is grown and fed on the same farm or is sold…
