I don’t get to set the price of the grain I grow,I have to take what price is offered.You realy don’t know how farming works do you?
Farmers have the choice of selling for what is offered, or not selling at that price, or not selling at that price yet. At what ever price you agree, you agreed, or you agreed not to sell that price.
It can get more interesting with a futures market. More leverage, more risk, greater payoff to go with it. If you promise, and can’t keep your promise to provide (or pay) there can be a hefty penalty.
Babe Ruth had the option of taking what was offered for his services, or sitting the season out. The fear of him sitting out a season encouraged management to offer him more. Besides, he had a better year than Hoover did.
lol..I guess not..my next yrs crop is already sold...
You could take less, but for some reason you choose not too.
Why should someone selling ammo not take what people are willing to pay? It's obviously not stacking up on shelves...