How is charging what the market will bear profiting from someone else's misfortune? Yes. What Mr. Molden wishes to do is kind but if prices remained at a low, the shortage would be worse. If prices did not rise in response to demand, many would purchase hay in excess of their need harming supply and forcing others to go without. Allowing prices to rise to reflect demand does several things, not the least of which is to cause purchasers to buy only what they need but it is a signal to producers and wholesalers to get supply to that area. There is no incentive to increase supply if price is stagnant. Think of cities with rent control; there is little incentive to increase the supply of apartments that would ultimately drive down costs.
Again, this is not a criticism of Mr. Molden. This is a generous thing he does.
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Today's Featured Article - Upgrading an Oliver Super 55 Electrical System - by Dennis Hawkins. My old Oliver Super 55 has been just sitting and rusting for several years now. I really hate to see a good tractor being treated that way, but not being able to start it without a 30 minute point filing ritual every time contributed to its demise. If it would just start when I turn the key, then I would use it more often. In addition to a bad case of old age, most of the tractor's original electrical system was simply too unreliable to keep. The main focus of this page is to show how I upgr
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