The application of Near Infrared (NIR) spectroscopy for analyzing wet feed directly on farms is increasingly recognized for its role in supporting harvest-time decisions and refining the precision of animal feeding practices. This study aims to evaluate the accuracy of NIR spectroscopy calibrations for both undried, unprocessed samples and dried, ground samples. Additionally, it investigates the influence of the bases of reference data (wet vs. dry basis) on the predictive capabilities of the NIR analysis. The study utilized 492 Corn Whole Plant (CWP) and 405 High Moisture Corn (HMC) samples, sourced from various farms across Italy. Spectral data were acquired from both undried, unground and dried, ground samples using laboratory bench NIR instruments, covering a spectral range of 1100 to 2498 nm. The reference chemical composition of these samples was analyzed and presented in two formats: on a wet matter basis and on a dry matter basis.The study revealed that calibrations based on undried samples generally exhibited lower predictive accuracy for most traits, with the exception of Dry Matter (DM). Notably, the decline in predictive performance was more pronounced in highly moist products like CWP, where the average error increased by 60–70%. Conversely, this reduction in accuracy was relatively contained (10–15%) in drier samples such as HMC. The Standard Error of Cross-Validation (SECV) values for DMres, Ash, CP, and EE were notably low, at 0.39, 0.30, 0.29, 0.21% for CWP and 0.49, 0.14, 0.25, 0.14% for HMC, respectively. These results align with previous studies, indicating the reliability of NIR spectroscopy in diverse moisture contexts.The study attributes this variance to the interference caused by water in 'as is' samples, where the spectral features predominantly reflect water content, thereby obscuring the spectral signatures of other nutrients. In terms of calibration development strategies, the study concludes that there is no significant difference in predictive performance between undried calibrations based on either 'dry matter' or 'as is' basis. This finding emphasizes the potential of NIR spectroscopy in diverse moisture contexts, although with varying degrees of accuracy contingent upon the moisture content of the analyzed samples. Overall, this research provides valuable insights into the calibration strategies of NIR spectroscopy and its practical applications in agricultural settings, particularly for on-farm forage analysis.