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<blockquote data-quote="J+ Cattle" data-source="post: 1780918" data-attributes="member: 4063"><p>I think this is the key point in determining worth. </p><p></p><p>Worth is what a buyer is willing to pay and what the seller is willing to accept. If you can't find a buyer willing to pay the price you want, you have the option to keep it, at that point it becomes worth your selling price to keep it in your possession. Otherwise, you would reduce your price during the negotiations to arrive at a deal with the potential buyers.</p><p>Worth is also unrelated to the cost of production; you could have a lot of money invested into an embryo transfer calf that doesn't turn out according to expectations and is worth less than it cost to produce.</p></blockquote><p></p>
[QUOTE="J+ Cattle, post: 1780918, member: 4063"] I think this is the key point in determining worth. Worth is what a buyer is willing to pay and what the seller is willing to accept. If you can't find a buyer willing to pay the price you want, you have the option to keep it, at that point it becomes worth your selling price to keep it in your possession. Otherwise, you would reduce your price during the negotiations to arrive at a deal with the potential buyers. Worth is also unrelated to the cost of production; you could have a lot of money invested into an embryo transfer calf that doesn't turn out according to expectations and is worth less than it cost to produce. [/QUOTE]
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