Is Harvesting Cover Crops for Hay Profitable When Planting Corn and Soybean in Tennessee?

Winter cover crops can improve the soil’s moisture-holding capacity, reduce soil water evaporation, and mitigate water-induced soil erosion; however, economic studies show mixed results on cover crop impacts on profits. One way to potentially increase the profits from planting cover crops is to harvest the cover crop for hay. The objective of this study was to determine the profitability of planting and harvesting cover crops when planting corn (Zea mays) or soybean (Glycine max (L.) Merr.) as a cash crop. We determined the difference in net returns among 15 cover crop species when planted before corn and soybeans. We then calculated the breakeven hay price if the cover crop was harvested. Data were collected from an experiment in Tennessee, from 2017 to 2019, at two locations. There was no difference in net returns across cover crop treatments for both corn and soybeans, thus indicating that planting a cover crop does not reduce profits. The breakeven prices for harvesting cover crops suggest that this system would not likely be profitable for corn but might be profitable if planting soybeans, depending on labor availability and local demand for hay.