Yes, people do buy at that price and it is probably the packaged price.
People that try to live the 'organic' life style but don't want to pay the premium for the organic label go with grass fed.
My wife and I are friends with some organic/grass-fed meat producers and have traded produce for meat. Hand's down the meat is better than anything Walmart or even most butcher stores carry. I can't say I would pay full price for it, but I definately prefer it.
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