By Kristy Zurbrick, Madison Editor
The amount of money bidders spent at this year’s Madison County Junior Livestock sale was a whopping 24 percent more than last year’s sale.
The Livestock Sale Committee recently released the final figures for the 2013 sale, which took place July 13, the last day of the Madison County Fair. Bidders spent a total of $249,193 on 411 animals and dairy projects this year, compared to a total of $201,243 on 404 items last year.
Animals sold at the auction are raised by youths enrolled in 4-H and FFA.
“For the kids, it’s a great number,” said Kevin Roseberry, a member of the sale committee.
Much of this year’s increase was due to a record number of “boosts.” When a youth sells an animal at the fair, they receive the market price plus a premium. The market price is what the animal processor pays for the animal. The premium is what a winning bidder pays as a bonus on top of the market price. In some cases, sellers also receive a boost on the premium, which is a non-competitive flat sum a bidder applies to the final total, after the bidding is over.
This year, there were 1,150 boosts which accounted for more than $102,000 of the overall sale total. Last year, there were 852 boosts which accounted for $63,500 of the overall total.
Roseberry said boosts are often applied by family members of sellers, buyers who don’t have much to spend but want to participate, and companies that want to thank their customers by supporting a large number of sellers.
The number of buyers and contributors participating in this year’s sale was up, 297 compared to last year’s 272. Additionally, market prices were up a little for some species, Roseberry said.
Once again, several of the exhibitors donated a portion of the sale money they received to charitable causes. This year’s total give-back was $6,279, compared to $5,977 last year. Among the 2013 beneficiaries were the Building Fund to benefit the fairgrounds, the Katie Fisher Memorial scholarship fund, the Juvenile Diabetes Research Foundation, St. Jude’s, Nationwide Children’s Hospital, Ohio State University Hospital’s Burn Center, the American Cancer Society and Komen For The Cure.
The length of the one-day sale was a bit shorter than last year’s. It started a little after 9 a.m. and ended at about 8:30 p.m.
“We were done an hour earlier with a few more animals, but it still makes for a really long day,” Roseberry said.
In the coming months, the sale com-mittee will discuss ways to improve the sale, including efficiency and accuracy of on-site recordkeeping, timely distribution of invoices, and off-season recognition of buyers. They also will consider suggestions made by buyers through a survey conducted during this year’s sale.
The next meeting of the Junior Fair Livestock Sale Committee is set for 7:30 p.m. Sept. 10 in the fairboard office, located on the fairgrounds at 205 Elm St., London.