Re: Hay goin South and prices....

Posted by oldtanker on October 22, 2011 at 13:58:16 from (66.228.255.223):

In Reply to: Hay goin South and prices.... posted by mss3020 on October 21, 2011 at 08:45:45:

Very true and crop prices reflect that most of the time. A farmer that sends something to market where it's being auctioned is taking a risk and if he hits a payday thats how it works. But a guy who buys something cheap and really jacks up the prices because of someones hardship....it's called gouging. Basically you take and item, figure your cost to get it to the customer and add in a percentage for profit. Those profits generally range from 10-38% depending on the item, net. Most of the time the customer has the option of not buying or picking another vendor. Whats going on it Texas is that these people have to feed these animals. If not the can be charged with a crime so some, not all but some are taking advantage of the situation of a guy who really needs to keep some of his herd for the future and hopefully some rain so he is stuck. He has to pay the price because when times do get better he needs the live stock to get going again. He cannot afford to sell the critters if he wants to keep live stock in the future and if he don't feed em he's in trouble with the law. LOL like I keep saying, if it were a major company we'd be yelling that someone needs to go to jail. Right now hay here is 30-145 a ton (figuring 1000 pound bales) depending on quality and type of hay. Lot of the folks taking hay to TX are buying cheap, paying the least they can for trucking and really socking it to the people of Tx. They don't even own the trucks but just hire em based on the cheapest bidder. I don't think any farmer should give his crops away and when selling if he gets a good offer so be it. But by definition buying something cheap that someone must have and selling really high is price gouging.

SIL just got back from TX yesterday. Says that convoys of hay are going down. He's wondering if they are dead heading back or waiting around for a reload. He talked to a couple on the radio and claims that a bunch are hauling for ranchers or farmers who have buyers working the auctions. Now if those guys are willing to pay 250-300 a ton plus the cost of hauling that's their problem. That's the price they are willing to pay to keep part of their herd back for the future

Lot farmers up here have gone over to grain only because they can't see the profit in feeding 12 dollar beans and 5.50 corn to critters. I' sure that at hay prices in TX the folks who still have cows are not going to see the profit selling those animals for butcher.

Rick

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