Answer:
By Moon or by Sun, I shall be found. Yet, if there's no light around, I am undone. What am I?
In wealth I abound; in water I stand; as a fencer I'm valued all over the land; at Venice I'm famous; by farmers I'm prized; respected by law yet huntsmen despised; consternation and ruin ensue when I break; And the beasts of the forest advantage won't take.
Better touch me before you proceed to second. What am I?
A necessity to some, a treasure to many, I'm best enjoyed among pleasant company. Some like me hot, some like me cold. Some prefer mild, some like me bold. What am I?
I look at you you look at me I raise my right you raise your left.
I am owned by Old McDonald.