Pipsqueak spotted this one on Saturday, about two miles from our house. She loves collecting them because they're very popular show-and-tell items.
We got on the tractor and chugged down the road. Pipsqueak operated the tractor controls to raise Sweetie in the air in the bucket until he could reach the nest and cut it down. (I was unofficial documentarian.)
We'll keep it in the shed for while to make sure it's completely abandoned. A couple of lazy hornets emerged after we got it home. There could be eggs inside the nest that will hatch into larvae, but without adults to feed them they will die. We don't feel guilty about this because the nest is abandoned in the fall anyway, and a new one is built in the spring. Any unhatched offspring would die anyway at this point. This nest is about one foot tall. That's a lot of hornet spit.
This link gives information on safely harvesting your own hornets' nest.