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NE Iowa | This sale works slightly different then an open market sale. The final bid amount is usually cooraleted to how much local support the individual gets from their hometown. Here is blip off the website. "Participants in the Sale of Champions were asked to find hometown support. The purchaser in the auction paid the difference between local support and the final sale price. Each participant in the sale takes home a check for 75 percent of the animal’s sale price. The IFAA keeps 25 percent to fund the scholarship program and cover Sale expenses. In addition to their earnings, the exhibitors of the Grand Champion 4-H Market Steer, Grand Champion 4-H Market Hog, Grand Champion FFA Market Lamb and Grand Champion 4-H Breeding Heifer earn the use of a new aluminum livestock trailer for one year courtesy of Featherlite, Inc"
It looks the reserve champion went home and got 34,000 of local support which helps the foundation so bidders rewarded them more than the champion | |
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Iowa State Fair sale of Champions
