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re: 2016 should be a good year for crawfish BUT

Posted on 2/10/16 at 8:06 am to
Posted by Peazey
Metry
Member since Apr 2012
25418 posts
Posted on 2/10/16 at 8:06 am to
quote:

Although the crawfish should be big and plentiful, don’t expect to see much of a drop in price. Collette explains that more people will be fishing for crawfish to make a living due to fewer jobs in the oil industry.



From the most simple, basic principles of economics, this makes absolutely zero fricking sense. More competition means lower prices. More supply means lower prices. When you have more people competing with you, you don't increase the price to make your product more attractive than your competition. The only way that is even possible is if they are colluding on the prices.

These crawfish farmer fricks search for any nonsensical reason to keep the prices high. Sure, charge higher prices on your products if you don't want to sell all of your product, and you want to make less money.

ETA: Have I been had? Is this from a satire article? I don't see a link.
This post was edited on 2/10/16 at 8:08 am
Posted by CoachChappy
Member since May 2013
32651 posts
Posted on 2/10/16 at 8:11 am to
quote:


These crawfish farmer fricks search for any nonsensical reason to kee

For the millionth time, farmers do not set the prices!!!!
Posted by Alt26
Member since Mar 2010
28718 posts
Posted on 2/10/16 at 8:47 am to
quote:

From the most simple, basic principles of economics, this makes absolutely zero fricking sense. More competition means lower prices. More supply means lower prices. When you have more people competing with you, you don't increase the price to make your product more attractive than your competition. The only way that is even possible is if they are colluding on the prices.


Presumably, yes. However that's only looking at it from the supply side. If demand remains extremely high, there's no need to go down on the price very much.

When I was a kid (20+ years ago) you didn't even think about crawfish until March. Now there is demand as early as December. As long as people are willing to pay, prices will remain high
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