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<blockquote data-quote="Texas PaPaw" data-source="post: 667768" data-attributes="member: 2905"><p>Due to the drought, it is most likely that a good portion of the fertilizer applied is still in the soil and will be available for additional hay, when it does rain. I don't think you should pay him for that. It is a business fact of life that in unusual production situations (drought etc), production costs can often significantly exceed current market value. </p><p></p><p>If it were me, I would find out what the current prevailing price is for similar quality & size bales. </p><p>Also determine, prior to discussing price, what, if any "friendship premium" you would be willing to pay. If he prices his hay within your parameters, I would buy his. If he is significantly overpriced and will not accept the going price + any "friendship premium", you may need to purchase your hay elsewhere. </p><p></p><p>Calculating the maximum you will be willing to pay before you discuss price with him will take a lot of the emotion out of your negotiation. Since you have had an amicable relationship in the past, you will probably be able to reach an agreeable price.</p></blockquote><p></p>
[QUOTE="Texas PaPaw, post: 667768, member: 2905"] Due to the drought, it is most likely that a good portion of the fertilizer applied is still in the soil and will be available for additional hay, when it does rain. I don't think you should pay him for that. It is a business fact of life that in unusual production situations (drought etc), production costs can often significantly exceed current market value. If it were me, I would find out what the current prevailing price is for similar quality & size bales. Also determine, prior to discussing price, what, if any "friendship premium" you would be willing to pay. If he prices his hay within your parameters, I would buy his. If he is significantly overpriced and will not accept the going price + any "friendship premium", you may need to purchase your hay elsewhere. Calculating the maximum you will be willing to pay before you discuss price with him will take a lot of the emotion out of your negotiation. Since you have had an amicable relationship in the past, you will probably be able to reach an agreeable price. [/QUOTE]
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