As the price of corn goes, so goes the price of corn silage. Knowing how the price of the former will affect the price of the latter can translate into extra dollars in the pockets of farmers.
Purdue Extension has a new publication to help dairy producers and corn silage growers determine those prices. Determining a Value for Corn Silage also contains an online Corn Silage Crop Calculator. The publication, AS-611-W, is free and available at: http://tinyurl.com/d9slmzg
“Corn silage prices depend on the price of grain, and there can be a huge variation in prices,” said Tamilee Nennich, Purdue Extension dairy cattle nutrition specialist and one of the publication’s authors. “There are a wide variety of strategies out there with which we can price corn silage.”
Corn silage makes up about 30 percent of the dry matter in an average dairy cow’s diet. The forage is a good source of fiber and energy for lactating cows.
The $40-$50 per ton that dairy farmers typically pay corn growers for silage often turns into $50-$80 per ton once the dairy producer harvests and transports the forage, and then places it in a silo for fermentation and storage, Nennich said.