"Current high prices of feed due to prolonged dry conditions in New South Wales and Queensland have created significant demand and growers who've carefully preserved hay seed previously considered worthless have been able to extract handy margins despite the low rainfall in local areas," BCG said.
"Hay production requires skill and management not only in the paddock but in storage and marketing too," the company said.
In a BCG case study Hopetoun grain producer Simon Cook shared how his family had been producing hay for years.
Mr Cook said his father, Ross, made the initial decision to cut a crop for hay because they were sick of getting frosted paddocks.
Joining forces with a neighbour, they purchased a mower and rake, then a bailer and have shared th...