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 - Restoration Story: Fordson Major - by Anthony West. George bought his Fordson Major from a an implement sale about 18 years ago for £200.00 (UK). There is no known history regarding its origins or what service it had done, but the following work was undertaken alone to bring it up to show standard. From the engine number, it was found that this Major was produced late 1946. It was almost complete but had various parts that would definitely need replacing.
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