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Reeds Canary is some bizarre stuff......we have used it for years on waterways. It will create a root mass that will hold the soil together and once established, really slows down runoff. In doing so, it often catches tons (litterally) of topsoil. Ditch below mom and dad's house has probably gained 2 feet or more in the past 30 years. Spreads by rhizomes as much or more than by seed. Old way to establish (and can still be used) was to simply sprig in some roots. Dig up a clump and move it where you want it to grow and stand back. As such, in the wrong place, it is considered a noxious weed because it will take over.

I baled a waterway once.....cut it late....seed heads even with fenders on a JD 3020. Single raked it and still could do no better when baling than wide open in 1st gear and even then had to feather the clutch at times to keep it from slugging down. Bales dropping about ever 10 feet. Cattle and calves would lay on it, but wouldn't eat it.

Found a link to it last year from some University back east......they were looking for a substitute for Timothy for horse hay......Timothy having issues with some type of rust or something that was reducing yields.

They found that Reeds Canary.....when cut early BEFORE seed heads appeared, was as nutritious and palatable as Timothy. But let it go too late and palatability went south.

If growing it on the wet soils it is most adapted to, problem will be finding a time when soils are dry enough to support equipment BEFORE seed heads appear. But if your soils are well drained (anything that would grow alfalfa should work), it may be worth a try. But do cut it early. That also leads to cutting it often.....as in multiple cuttings. If you keep the fertility up, it should survive and thrive.