answersLogoWhite

0

Is hay a fungible good

Updated: 8/20/2019
User Avatar

Wiki User

12y ago

Best Answer

No. Hay is made of not just one type of grass or legume or grass-legume combination, but rather many possibilities of grass and legume cultivars and varieties and even more possible combinations of the variety of species, varieties and cultivars of grasses and/or legumes that are used in the production of hay. Quality also differs wildly in hay depending on growing conditions, when it was cut, when it was harvested, how it was stored, etc. If you sold your neighbor your hay and you got hay back from your neighbor, the hay you got from your neighbor, no matter if it's the same hay or not, will not be in the same condition, same forage combination, same shape as the hay you gave your own neighbor. Also the hay produced one year on your farm is never the same as the hay produced last year or the year before.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Is hay a fungible good
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What is in example of fungible good?

potatoe


What is example of fungible good in economics?

potatoe


What is the purpose of a supply schedule?

what is a fungible good


Is the best example of a fungible good apex?

Potatoes


How do you use fungible in a sentence?

If something is fungible it can be broken into pieces without losing much of its value. Something is fungible or it is not. Gold can be melted down and split into smaller bars with no loss of value, therefor it is fungible. Gasoline is fungible, you can sell two half gallons for the same price as a single gallon. A race horse is not fungible. An iPod is not fungible. A rare coin is not fungible. You're not fungible. Hope this helps.


What is the difference between a fungible good and nonfungible good?

A fungible item can be thought of as a "liquid asset". Usually it can be converted to monetary assets, but it may take more than one step in that process.


What is fungible?

Production of rice.


Does fungible mean interchangeable?

Yes it does


What is slough hay?

its a type of hay that is good for cows and bulls


Why are NFTs (non-fungible tokens) trending?

greed


What is non fungible in law?

In law, "non-fungible" refers to unique assets that cannot be easily replaced or exchanged for something else of equal value. This is important in various legal contexts, such as intellectual property rights or unique physical assets like art or collectibles, where the individual characteristics of the asset are significant.


Can hay kill gerbils?

No it's actually good for them, but you have to buy the hay, because normal hay might have parisites in them.