AUCTION RING 

YOUTH—The spark that starts the wheels turning in a progressive market. The dedication evident in these young people is an example of the guidance and counseling of the 4-H clubs, and FFA chapters across Utah.  Your Participation will help develop confidence and appreciation in the youth that will shape our world of tomorrow.

In the show ring, the judge places ribbons on the market animals which is essentially giving credit to the exhibitor.

On Saturday, the exhibitor shows his/her stock one final time in the auction ring.

And where do we hang the ribbons this time?

ON THE BUYERS

Not just for buying, but for the added significance again.  They are the ones who help provide the extra incentive to youth to build and grow toward solid citizenship.

THREE WAYS TO PARTICIPATE

(1) Attend yourself

By all means, if you can, attend the sales in person; The excitement of the event, the drama of the auctioneer’s cry, combine to create an unforgettable scene.  Auction committeemen and ring men will be on hand to assist.

(2) Proxy

If you, your firm or organization, cannot attend the sale but wish to participate, you can do so by proxy, simply contact the Summit County Jr. Livestock Association.

(3) Buyer Club

Potential buyers make small dollar donations of any amount prior to the sale which is pooled together and later used to purchase animals during the sale.  The sales committee will be doing the actual buying, but the credit will go to the buyer’s club. If you are interested in this method of participation, contact the Summit County Jr. Livestock Association.

THREE WAYS TO BUY 

(1) Boosting:

This type of buying is where the buyer will pay the difference between the floor price and the actual sales price.  The animal would go to the auction floor   buyer who would pay the floor price and the booster buyer would get the credit for purchase of the animal as far as advertising benefits, etc.

Example:  Market lamb weighed 100 lbs. and the floor price is $.70 per lb. Booster buyer bids lamb for $1.00 per lb.  Lamb sells for $1.00 per lb.  Boosters buyer would pay $.30 per lb. or the difference between the floor price and total bid price The exhibitor would receive $100.00: $30.00 paid by the booster buyer and $70.00 paid by the floor buyer, who would take the lamb.

 (2) Buying Outright

Buyer would buy the animal and pay the total cost to the exhibitor.  Buyer would take the animal.  Buyer could make prior arrangements for slaughter and packaging at the local packing plant to his (buyer’s) specifications; 

Example:  Lamb sold for $1.00; Buyers A, B, C and D would each pay $25, making for total of $100.  The $100 would go to the exhibitor and all of the buyers would receive credit for buying the lamb, OR, this could work on the same principle as the Booster Buying, where more than one individual would go together to make up the difference from the floor buyer’s price.

(3) Consolidated Buyers 

This would be where several buyers would put their money together to purchase an animal and all of them would receive credit for buying the animal, and decide among themselves how to divide the animal.

Example:  Lamb sold for $1.00; Buyers A, B, C and D would each pay $25, making for total of $100.  The $100 would go to the exhibitor and all of the buyers would receive credit for buying the lamb, OR, this could work on the same principle as the Booster Buying, where more than one individual would go together to make up the difference from the floor buyer’s price.