AVERAGE PRICES RECEIVED BY IOWA FARMERS ALFALFA HAY, BALED - DOLLARS PER TON --------------------------------------------------------------------------- 1948 1949 1950 1951 1952 1953 1954 1955 1956 1957 --------------------------------------------------------------------------- JAN 26.00 28.40 22.30 20.00 20.40 23.40 24.00 21.00 19.00 21.20 FEB 23.50 28.00 22.20 21.00 19.90 23.00 22.70 21.00 18.00 20.30 MAR 23.70 27.30 21.50 19.50 19.90 21.50 21.70 20.50 17.80 20.20 APR 24.00 26.00 21.50 20.10 18.80 20.20 21.60 19.00 17.80 19.20 MAY 24.00 25.00 21.50 19.40 18.70 20.50 20.00 18.00 21.00 18.60 JUN 23.60 21.00 15.00 18.30 17.40 17.30 19.00 16.70 20.00 15.80 JUL 25.00 20.50 17.50 16.20 16.90 18.70 18.30 15.70 20.40 15.70 AUG 25.50 21.50 19.00 16.70 19.70 19.00 19.30 15.60 20.70 15.70 SEP 27.00 20.00 17.50 16.80 21.20 20.30 20.30 17.50 20.00 14.80 OCT 27.50 21.50 18.00 18.40 21.60 21.90 19.80 17.00 19.70 15.70 NOV 26.30 22.20 18.10 18.30 22.20 22.50 20.40 18.00 20.50 15.30 DEC 27.00 22.50 20.00 20.70 22.10 24.00 21.00 18.20 22.10 16.60 CALENDAR YR AVG 25.26 23.66 19.51 18.78 19.90 21.03 20.68 18.18 19.75 17.43 PRICE --------------------------------------------------------------------------- 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 --------------------------------------------------------------------------- JAN 16.60 13.90 14.40 15.50 21.00 18.50 20.50 20.00 24.50 22.00 FEB 15.20 14.20 15.30 16.00 21.00 18.50 20.00 20.00 25.50 21.50 MAR 15.00 13.20 15.70 15.50 22.00 18.50 19.00 20.00 23.00 21.50 APR 14.90 14.40 16.80 15.00 19.50 17.00 18.00 20.50 21.50 20.50 MAY 13.90 13.00 16.00 15.00 17.00 17.50 18.00 22.00 22.00 20.50 JUN 13.00 12.00 15.00 15.00 16.00 17.50 17.50 22.50 20.50 20.00 JUL 12.60 12.40 13.70 15.50 16.00 19.00 16.50 22.00 20.00 20.50 AUG 12.30 13.90 13.90 16.00 15.50 18.50 17.00 21.00 19.50 19.50 SEP 12.80 13.70 14.00 15.50 17.00 19.00 18.50 22.00 21.00 20.50 OCT 13.10 14.70 14.70 16.00 17.50 19.00 19.00 22.00 20.00 20.50 NOV 13.40 15.10 14.90 16.00 18.00 19.50 19.00 22.00 21.00 20.50 DEC 14.40 16.00 14.90 16.50 18.00 20.00 20.00 23.00 21.00 20.50 CALENDAR YR AVG 13.93 13.88 14.94 15.63 18.21 18.54 18.58 21.42 21.63 20.67 PRICE --------------------------------------------------------------------------- 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 --------------------------------------------------------------------------- JAN 21.00 21.50 22.50 22.00 22.50 25.50 36.00 55.50 56.50 76.00 FEB 21.00 22.80 22.50 22.00 23.00 26.50 39.50 54.00 57.50 76.00 MAR 20.50 23.50 22.50 22.50 23.00 26.00 41.00 53.50 52.50 70.00 APR 20.50 24.50 21.00 21.50 22.50 27.00 42.00 57.00 50.50 66.00 MAY 20.00 22.50 19.50 20.50 21.00 25.00 40.00 54.00 52.50 61.50 JUN 19.00 20.50 19.00 20.00 20.50 24.50 35.00 49.00 51.50 53.00 JUL 19.50 19.00 19.50 20.50 21.00 23.00 35.00 44.50 55.00 53.00 AUG 19.50 20.00 20.00 21.50 21.50 26.00 40.00 47.50 53.00 46.00 SEP 19.50 20.00 20.00 21.50 22.00 26.50 40.00 50.00 62.00 41.00 OCT 19.50 21.00 21.00 21.50 22.50 27.00 45.00 51.00 64.50 38.00 NOV 20.50 21.50 21.00 22.00 22.00 30.00 49.50 51.00 66.50 41.00 DEC 21.00 21.00 22.00 22.00 23.50 32.00 54.50 56.00 70.00 45.00 CALENDAR YR AVG 20.13 21.48 20.88 21.46 22.08 26.58 41.46 51.92 57.67 55.54 PRICE --------------------------------------------------------------------------- 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 --------------------------------------------------------------------------- JAN 48.00 49.00 56.00 49.00 59.00 56.00 84.00 60.00 55.00 43.00 FEB 47.00 53.50 53.50 48.50 62.00 57.00 88.00 57.00 55.00 45.00 MAR 46.00 55.50 50.00 49.00 66.00 58.00 84.00 54.00 54.00 43.00 APR 44.00 54.50 43.00 50.50 66.00 57.00 85.00 50.00 50.00 43.00 MAY 44.00 54.00 43.50 52.00 60.00 59.00 85.00 48.00 48.00 44.00 JUN 38.00 46.00 43.00 47.00 59.00 57.00 79.00 46.00 47.00 46.00 JUL 39.00 39.00 50.00 50.00 53.00 55.00 66.00 44.00 37.00 41.00 AUG 38.00 41.00 52.00 51.00 50.00 56.00 59.00 46.00 36.00 41.00 SEP 40.50 45.50 54.00 51.00 50.00 70.00 57.00 46.00 38.00 42.00 OCT 46.00 46.50 56.50 53.00 52.00 74.00 60.00 48.00 39.00 42.00 NOV 50.00 52.00 53.00 55.00 53.00 72.00 62.00 48.00 43.00 43.00 DEC 46.00 52.50 51.00 56.00 53.00 74.00 63.00 50.00 42.00 46.00 CALENDAR YR AVG 43.88 49.08 50.46 51.00 56.92 62.08 72.67 49.75 45.33 43.25 PRICE --------------------------------------------------------------------------- 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 --------------------------------------------------------------------------- JAN 44.00 89.00 79.00 64.00 70.00 83.00 105.00 81.00 85.00 119.00 FEB 47.00 95.00 77.00 68.00 69.00 84.00 103.00 83.00 87.00 119.00 MAR 50.00 97.00 76.00 65.00 68.00 85.00 100.00 84.00 89.00 118.00 APR 50.00 101.00 75.00 59.00 68.00 83.00 95.00 84.00 91.00 117.00 MAY 51.00 102.00 72.00 60.00 72.00 82.00 96.00 87.00 92.00 119.00 JUN 55.00 101.00 73.00 60.00 83.00 89.00 91.00 91.00 103.00 117.00 JUL 71.00 84.00 65.00 55.00 85.00 82.00 80.00 79.00 96.00 120.00 AUG 87.00 80.00 64.00 59.00 78.00 88.00 77.00 79.00 95.00 110.00 SEP 88.00 79.00 62.00 60.00 74.00 93.00 76.00 77.00 97.00 112.00 OCT 84.00 76.00 62.00 59.00 73.00 93.00 77.00 75.00 101.00 113.00 NOV 84.00 77.00 64.00 62.00 76.00 96.00 79.00 82.00 104.00 114.00 DEC 86.00 79.00 67.00 68.00 80.00 101.00 81.00 83.00 111.00 114.00 CALENDAR YR AVG 66.42 88.33 69.67 61.58 74.67 88.25 88.33 82.08 95.92 116.00 PRICE --------------------------------------------------------------------------- 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 --------------------------------------------------------------------------- JAN 111.00 87.00 79.00 86.00 95.00 88.00 87.00 93.00 FEB 107.00 81.00 80.00 88.00 89.00 81.00 83.00 85.00 MAR 107.00 74.00 80.00 91.00 89.00 81.00 88.00 84.00 APR 105.00 72.00 80.00 91.00 87.00 79.00 91.00 82.00 MAY 101.00 74.00 77.00 91.00 88.00 79.00 93.00 80.00 JUN 93.00 73.00 75.00 89.00 86.00 76.00 87.00 79.00 JUL 87.00 70.00 78.00 90.00 85.00 74.00 82.00 77.00 AUG 84.00 71.00 77.00 86.00 85.00 75.00 84.00 79.00 SEP 80.00 67.00 74.00 87.00 83.00 79.00 85.00 80.00 OCT 80.00 72.00 79.00 92.00 83.00 81.00 84.00 81.00 NOV 86.00 78.00 79.00 92.00 83.00 85.00 84.00 DEC 88.00 78.00 82.00 96.00 90.00 84.00 85.00 CALENDAR YR AVG 94.08 74.75 78.33 89.92 86.92 80.17 86.08 PRICE --------------------------------------------------------------------------