Posted on 08/13/2014 3:07:59 PM PDT by SMGFan
When you and I were 12, we were really lucky to make $10 selling lemonade on even the hottest of days. But one very special 12-year-old isn’t making the big bucks on shilling drinks — she’s just sold a grand champion steer for a whopping $100,000.
(Excerpt) Read more at consumerist.com ...
Cloning?
Why the heck is a friggin’ cow worth $100,000.00?
...and I want to go back to an era of my childhood growing up in northern Michigan where such fairs were the highlight of my summers before the onset of fall and school..........
Yea, I miss my childhood alot...........
Yes, why that much for a Steer?
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Good question. All you can do is eat him. As I figure it, that would come out to be about $75.00 per pound with a generous hanging weight of 1300 lbs.
Public Relations. The purchaser(s) will promote their acquisition to their customers -- demonstrating their support for youth involvement in agriculture and animal husbandry.
The steer will also do some traveling and be on display in various venues for a year-or-so.
After that, he will quietly be turned into hamburger. Because, after a year or two, you don't have a championship "steer", you have an "ox".
Let me guess .... her daddy is politically connected and can steer (sorry) some government contracts to the donors - I mean, buyers of the animal.
A steer, by definition, is missing his oysters.
A bull's oysters are still in place.
Oops, thanks for the the info.
They “turn” it, which means selling it for the floor price provide by whatever slaughterhouse is providing the contract for the sale animals.
That sale amount is deducted from the bid price and the winning bidder(s) then pay the difference to the fair accountant who then cuts checks to the child, 4-H and FFA. The difference is tax deductible, the actual cash value of the steer is not.
I wish they’d spread that cashola around to more state and county fairs instead of making one big splash.
or maybe some rich dude just got a huge charitable tax write-off
spread it around to.... more good kids like these
That’s an expensive burger!
I went to the county fair last Friday to attend the 4H auction... I didn’t stick around for the steer auction, but lambs were being bid up to $425/cwt and hogs $500/cwt.
Exactly. My two youngest just sold their lambs for 4.75 and 5.75 / lb. The one with freckles always gets more bidders.
freckles is an advantage in the meat business.... who knew?
Okay, possibly.
But why all on one animal? Isn't that asking for some love from the IRS?
Good for her. Congratulations to the ambitious young lady. If she is this good at 12, she will be adding to the good eating stock of the future when she ramps up her business. Mores the better.
Prime breeding stock. It takes money to make money.
I guess you don't understand the difference between Bull and Steer?
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