Lonely Tylenol
First Post
If the numbers I have are right then you'd make much more money selling the honey than brewing the mead and would never bother making mead. You'd lose money buy investing your honey in mead. Also, beekeeping is a very different skill set than brewing and often a full time job in and of itself. (This is meant to apply to general "be a beekeeper" replies.)
Except that there is probably a limited market for honey. There's probably some equilibrium between honey sales and mead sales that makes for a maximized profit margin. Say you have a lot of bees. You can sell 10 gallons of honey over a season before everyone in your village has enough honey that you'd have to lower the price to below cost to sell any more, but your bees make 30 gallons. You can make mead out of that extra 20 gallons, sell it to the local tavern, and make money on your extra honey. You change the product you're selling to avoid putting yourself out of business on a supply glut, especially because the costs of transporting honey are probably prohibitive if you're a commoner in a village somewhere.