Menu
Forums
New posts
Search forums
What's new
New posts
New media
New media comments
New profile posts
Latest activity
Media
New media
New comments
Search media
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
What's new
Search
Search
Search titles and first posts only
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Forums
Cattle Boards
Beginners Board
selling beef
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Help Support CattleToday:
Message
<blockquote data-quote="ChrisB" data-source="post: 50090" data-attributes="member: 122"><p>I just used 2 steers as an example to try and show the value of an animal, and it doesn't matter if you put more feed into it. Peace of mind shouldn't even come into the equation when you are dealing with family. The bottom line is what is that animal worth on the open market. If you can get $1.00 a pound at the auction; then you are not making extra money from your family; if that animal would bring $.85 on the open market, that would be a fair price for a family member. Remember I am just talking about family and friends.</p><p></p><p>I'll try and use another example. If you need to buy hay and your brother happens to have a lot of hay to sell. He has been getting $40 per ton for it at the local hay auction. You want to buy some from him and he tells you $50 per ton. How does he justify this? By telling you that you can have peace of mind knowing he uses enviromentally friendly farming practices, and you can trust him when he says it wasn't rained on. Did he give you a deal? Maybe you do, but I would feel he was taking advantage of me. If I wanted I could go down to the hay auction and buy the same hay he tried to sell me for $10 less and still have the peace of mind that seems to be so important. </p><p> </p><p>Maybe I just come from a weird family. I am not trying to say there is anything unethical about it since both parties agree on the price. I am just trying to understand the logic of how paying more for something than it is worth is a deal. It is a good business move though.</p></blockquote><p></p>
[QUOTE="ChrisB, post: 50090, member: 122"] I just used 2 steers as an example to try and show the value of an animal, and it doesn't matter if you put more feed into it. Peace of mind shouldn't even come into the equation when you are dealing with family. The bottom line is what is that animal worth on the open market. If you can get $1.00 a pound at the auction; then you are not making extra money from your family; if that animal would bring $.85 on the open market, that would be a fair price for a family member. Remember I am just talking about family and friends. I'll try and use another example. If you need to buy hay and your brother happens to have a lot of hay to sell. He has been getting $40 per ton for it at the local hay auction. You want to buy some from him and he tells you $50 per ton. How does he justify this? By telling you that you can have peace of mind knowing he uses enviromentally friendly farming practices, and you can trust him when he says it wasn't rained on. Did he give you a deal? Maybe you do, but I would feel he was taking advantage of me. If I wanted I could go down to the hay auction and buy the same hay he tried to sell me for $10 less and still have the peace of mind that seems to be so important. Maybe I just come from a weird family. I am not trying to say there is anything unethical about it since both parties agree on the price. I am just trying to understand the logic of how paying more for something than it is worth is a deal. It is a good business move though. [/QUOTE]
Insert quotes…
Verification
Post reply
Forums
Cattle Boards
Beginners Board
selling beef
Top