farmerjan
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The kids at our local Fair rarely made big bucks on anything. Often they barely broke even. Some years the add-ons were the only money they netted. They did not pay big bucks for anything either because they did not have the money. Many of them were inner city kids, living in apartments, and the FFA livestock program was very good for them. It turned around some that were heading for trouble in gangs. As far as buying a lot of animals, if the leader did not buy the market animals for the kids in the program and bring them back to the school the kids did not have any animals. These were city kids so the leader found the market animals for them and the kids bought them from the FFA program. The FFA Booster Club raised the money for the kids to borrow to buy their animals and feed, and they repaid it to the Boosters after the Fair.
I used to bid on the FFA kids' animals because most of those kids did not have buyers. One year I paid less for a finished lamb than the girl had paid at the college feeder lamb sale! I bought 3 lambs that year from FFA kids because they didn't have buyers. Even though DH had a barn full of show meat rabbits, we used to buy up all the unsold rabbit pens as well and butcher them out just so the kids did not have to take them home. (They would not butcher them and put them in their freezers.)
The animals that were bad tempered were the ones bought privately. There were only a few kids who bought expensive show animals. Their parents owned their own businesses and wrote off the difference between the price they paid and what the sales price would have been at the slaughterhouse. They would arrange to bid on and buy each other's kids' animals for a big price that way. Those families did not bid on any other animals.
Our own kids made a little money, but not the thousands some fairs bring. Mostly they raised the animals because they liked doing it and it was a good lesson in economics. It certainly taught them to appreciate the hard work done by farmers and ranchers, and the importance of agriculture.
That's really interesting about the leaders buying for the kids and many of them being inner city. I guess being such a farming community area here, there isn't the same situation. I do know that there have been a few kids in 4-H that didn't have a place to raise the animals and there were farmers that would offer places to board them, or other 4-H'ers would keep them in exchange for some work tradeoff. Most of the kids here, being more "directly from" farming folks within a generation or 2 , will buy the animals and then get sponsors to help them pay for the feed. There are alot of businesses that do the sponsor thing as it is good advertisement. Then when they have the sale, the local stockyard/sale barn will put a "floor price" on the animal according to the current market value/price. They will buy up all the ones that "don't get sold " for the "big money." We have bought animals, paying the difference above the floor price and let the sale barn take them instead of taking them to slaughter. This gave the kids more money than just floor price, and we did not have to ante up a huge price. Plus since we raised our own animals for meat, often did not have the freezer space either.
Yes, there are a few that "bid each others up", but it wasn't real common. Even if it did happen, they did "pay the price". There were also several slaughter houses in the area that would bid on the animals because they had people looking for meat and such.
Our Farm Bureau would "buy" several, as well as the different "farmer" insurance companies. Also the feed companies would "buy a few" that they knew were using their particular brand of feed. The kids did alot of letter writing asking for sponsors when they got the animals, and then when they were close to the show/sale, would write and let friends know that they were showing and selling their animals. There was always a huge participation. And you would get a competition between different "buyers" just in the fun of it.
The few that we sold to kids to raise and show, we deferred the cost until they sold them. And we always gave them a break on the calves. And those were often the ones we would bid on also because the kids would send pictures and updates on how they were doing.
The FFA and 4-H have a poultry project in several counties where the club buys chicks of a layer breed/hybrid. The kids that can, take home 10 to 50 all according to what they want, or have room for. Then when the fair time comes, they bring in at least a pen of 3 for show and have to donate a minimum of 30 % for the auction. The money they bring goes back into the "kitty" for the next years birds. Several of the kids would raise 25 or more, and after what they had to donate back, would sell the rest as started pullets. One young man took 50 2 years in a row, and started an egg business, after he sold the required birds. They had to buy their own feed, or in the case of the younger kids I am sure the parents bought it. But they had to account to the leaders for them, take care of them, and they were checked on. I think they had to keep a ledger of sorts showing their costs etc. Good way to teach responsibility and work ethics for them.
I commend you for buying animals that you didn't "need" and helping the kids out.