You get what you pay for, until you don’t

By Garth Ruff, Beef Cattle Field Specialist, Ohio State University Extension

Let’s talk about a topic that’s been on my mind and the minds of others recently given the economy and other issues: Value.

Meriam Webster defines Value in several different ways 1) the monetary worth of something: market price, 2) a fair return or equivalent in goods, services, or money for something exchanged, 3) relative worth, utility, or importance.

To determine Market Value, I subscribe that it’s up to a buyer and the seller/provider to determine value themselves for a good or service and it’s up to the buyer to know where their cost threshold is. I would also propose in many instances that you get what you pay for, until you don’t. Here are some examples.

A colleague of mine just sent me a screen shot of a fellow cattlemen advertising and selling beef on social media. If you’re on social media, these kinds of posts have been routine over the past couple of years.… Continue reading