Many horse owners are finding it especially challenging this year to find and purchase suitable hay at a price they can afford. Hopefully, the low hay yields due to dry weather in 2012 will be short term in nature. However, there are also long term economic factors in play that are limiting hay production. Tighter hay supplies may be the new reality of the future. Horse owners need to become astute hay buyers, develop good business relationships with hay producers and dealers, learn how to manage large bales on their farm, and minimize hay storage and feeding losses.