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Hay Price is Only Good for 24 Hrs


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#1 Hayman1

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Posted 13 February 2021 - 03:48 PM

Well I know we have beat the It's Unfair thing to death, but I was just thinking how nice it would be if hay producers could do the same thing as all their suppliers do.  Last week, ordered a firepit from my local metal supplier that I get my steel from for farm use.  Quotes a price, 40% higher than one done for me several years ago with the statement -Due to the Volatility in the Market, Quotes Good For 24 Hrs Only.  Now it's not quite that bad with fertilizer, lime, and seed but still often less than a 30 day market.  Fuel is what it is on any given day.  The steel used for the firepit was purchased long ago, and that price was what it was.  I get it if the material, or product you are trying to buy is coming from the future with an unknown price but this seems really unfair.  Oh, yeah, had to pay up front before they would make it. 

 

So, just thinking-  your hay customer calls for 500 bales and you say,

 

well it's $4,000.00 due up front and you have 24 hours to pay or the price could go up.  After you pay, I'll figure out when I can get it to you.  Wonder how long you would be in business. :D


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#2 JRehberg

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Posted 13 February 2021 - 04:39 PM

Funny you say that Hayman1.  For some unknown reason my fellow Floridians passed a $15 minimum wage last year.  Given the republican sweep of our state that means a lot of my fellow republicans voted for it, but I digress.  My hay tenant has me post his craigslist adds during hay season.  Seriously considering posting one price point for folks who voted No on the $15 and a higher price for folks who voted Yes on the $15 in the same add.  Will be amusing to hear the Yes voters complain that higher pricing isn't fair (if they're even willing to admit they voted Yes)..... 



#3 r82230

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Posted 13 February 2021 - 05:30 PM

Well Hayman, prices/costs are arising it seems. 

 

HERE our Governor is finally allowing restaurants re-open at a 25% capacity.  Met with a couple of business partners last week, to discuss a few things, at local joint.  Two pictures of draft barley pop, $13 each, two 1/4# burgers w/fries $11 each (one partner had to go meet wife for dinner).  Bill before tip $48, year ago at same place under $25, next week might be $54 for all I know.  :o  Oh, joint has 25 table/booths, 3 where used (one by owner).  I'm sure glad I'm not an owner of a restaurant in Michigan. 

 

Priced some equipment last Nov, ordered in Dec, already had a 2% increase on a couple of pieces.   Just a matter of time, when inflation will rise is ugly head IMHO. ;)    My understanding, trucking is also becoming a problem.   A lot of 'older' guys, calling it quits (retirement).   We don't realize the amount of material/product that is moved via trucks, rail/boat/barges can only get stuff so far. 

 

Larry

 

PS if was my hay you need to collect a few more $$ up front.  :cool:



#4 Swv.farmer

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Posted 14 February 2021 - 09:09 AM

If it was my hay it would be cob cash on the barrel head
No credit on hay people forget they haven't paid for it yet and use it and then getting your money could be like pulling hens teeth.

#5 danwi

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Posted 14 February 2021 - 01:03 PM

Seems like every bill a guy gets lately is going up,, insurance, utilities gas diesel inputs equipment and vehicles. Nearby corn and beans are up but hardly anyone has beans to sell, some have old crop corn yet. 2021 prices are good but not as good, rent and inputs will get some of that. Sure would be nice if a farmer could just pass some of those price increases right along. I think that is why some older guys are willing to retire and not deal with the headaches.






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