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Also use youtube.com to see many tuts.
No one can tell you what to buy, it is a open ended game and everyone plays differently.
Don't worry too much about maximizing profits to survive. You will do OK on easy difficulty with just basic prepare/sow/harvest/sell with wheat/barley/soy using your starting equipment. Then you can get a feel for where the bottlenecks are in your process and look at better equipment. Part of the fun of the game is developing your own process and improving it over time, IMHO. If you want the most efficient way to make money, I can give a spoiler, but you are really better off exploring the system yourself for a while.
Bales of hay specifically, can add some money you earn in a season, but you have to buy extra equipment and spend time picking them up, and they don't sell for all that much. As a money-maker, I wouldn't recommend selling hay, but for animals it is worth doing later.
Best way to earn money I found is:
Buy greenhouses, a water trailer and a water tower. Place greenhouses in a straight line next to the water tower, and pull the water trailer with your pickup truck to water them once a day,
while the hired AI is plowing your fields. Don't bother with fertilizing. The return on investment is epic for minimal work.
I usually start with growing crops and saving up to get the equipment to start a small to mid sized dairy farm, then i work my way up. The crops give good burst income that you can use to get new upgraded machinary and the dairy income in nice and constant so that pays the day to day bills and keeps the farm running while i wait for good crop prices. The waiting for good crop prices can cause financial strain in the short term as you need the income to keep the farm running, but waiting for the good prices means much better profit in the long term.
The machinary you will want to get for your farm will depend on what you want to do.
If doing crops then a basic set of stuff is usually provided, but you will want to add some way to fertilize the ground, usually solid spreaders are the better option early as they have a wider spread.
You will need some way to harvest, so thats a combine with a normal crop header, a corn header is needed for some of the crops (like corn)
You will need somthing to plow and cultivate the soil. and you will need a seeder (there are more then one type so check its the seed type you need) to seed the ground to grow more crops.
you will need atleast 1 tractor capable of pulling all the equipment you buy, more will make it easier so that you can do one task while AI helpers do some of the others.
You will need somthing to unload the harvester into and to haul crop to market.
Daggerwin
Datalund (Excellant tutorials on "Courseplay"
Iain Robson
each has great videos on what to do.
Also, there's actually a set of guides In-Game, on one of the pages of the Esc menu! You probably found it already, but just in case! :D