People would pay you to cut the hay. Something like every 5th bail is yours to
sell or do whatever with. The person cutting hay will know buyers. But then you rob your soil of fertility.
Option two is better. If you don’t want to deal with your own cattle lease it to someone else with a restriction on the amount they can put on the property.
As far as grasses go I planted an “improved”
native mix. Big bluestem, side oat grama, wilman love grass. Green spranglehorn(which I’ve never seen), and Klein . I also have a mix of 4bermudas in another spot.
Some people south of me do Bahia but it’s protein level is lower than a lot of other improved species.
The native style mix excels with little to no added nitrogen so grazing or just over seeding clover or something is all it needs. It spreads by seed so cattle must be pulled off in September or so and let go to seed the first few years.