News — Risk Management

Washington hay production has fallen nearly 25% since the early 2000s, a decline driven by both drought and economics. This chart traces that shift, showing how repeated years of severe drought and a strong U.S. dollar since 2022 have squeezed growers from two sides—reducing yields at home and pricing out key export buyers abroad. As traditional export markets weaken, Washington’s hay industry is steadily pivoting toward higher-value domestic markets, where resilience, efficiency, and quality matter more than sheer tonnage.

Hay producers are the forgotten farmers. They bear the same droughts, the same markets, and the same financial pressures as everyone else, but with fewer tools to manage the risk.