greybeard
Herd Master
And, it's 'complicated'. There's sometimes lots of breeder and breed assoc politics type stuff behind those 6 figure bull sales.You would be surprised at the number sold in the 100's of thousands of dollars
But, $650k for what might be the top bull of a breed is peanuts in relation to the fact that there were $88.25 billion in farm gate receipts -Cattle and Calves (USDA ERS 2014)
Cattle and beef production industry in the US is valued at around 175-200 billion USD, or 6% of the US economic value added output.
The industry didn't get that way using dink bulls.