We can dream, can we.....
I was lucky, found oathay and 3way for 10$ a 100lb bale straight from the producer. I feed half that and buy orchard/timothy for 21$ and alfalfa for 19.50$ from the feedstore.
I fed alfalfa pellets instead of the hay for a bit, soaked, mainly for entertainment, since they eat very little, if at all, grain. Now it's back to a handful to put RB and joint supplement in.
Only pellets or other "concentrated" roughage? No way. Choke, ulcers, boredom. It's not worth it.
If I couldn't find hay at all, I'd consider soaked pellets and straw. But nothing longstem? Not for my horses.