I don't think I'd try. At highway speeds, you're looking at at least double to triple what an ag PTO shaft will spin at. Ag PTO shafts also use much larger yokes and u-joints, and turning faster, any imbalance will be magnified.
Cheaper? The PTO shaft on my brother's orchard sprayer runs at 540 RPM, and has ball bearing support splines, and runs something insane like a grand for an over the counter replacement.
By the time you get done adapting an ag shaft, it'll be a good deal heavier as well. The pinion end shouldn't be a problem, but I'd be somewhat concerned about the tcase end being able to support the extra weight.