Page 204 2023 LOGAN COUNTY FAIR LINCOLN DAILY NEWS JULY / AUGUST 2022 2023 LOGAN COUNTY FAIR Sunday, August 06 By Nila Smith On Sunday, the 87th Logan County Fair wrapped up with two very important auctions. The first of the two began at noon and was a final expression of “job well done” for young exhibitors as their projects went up on the auction block. The bids went to the exhibitors with a few deductions. 4-H Auction rewards exhibitors with cash for Jobs Well Done At the beginning of the day, Logan County Fair Association Board President John Fulton explained to spectators and prospective buyers just how the auction worked. The first three items up for bid would be sold for a unit price. The exhibitor would receive the unit price minus five percent. The balance of the auction included 43 animals that would be sold by the pound. Fulton explained this process carefully. At the beginning of each species category of the auction, the market value of the animal in price per pound would be announced. The winning bidder would bid, for example, $2 per pound on an animal with a market value of $1.80 per pound. At the time of settlement, the bidder would then pay the winning bid minus the market value or $0.20 per pound. The exhibitor would then receive the $0.20 per pound for the weight of the animal minus the five percent. Now, for some that may have seemed like not a lot of money. But consider this, in price per pound the highest bid of the day came early when Jayda Allspach’s Grand Champion Wether yielded a final bid of $16 per pound. The animal weighed 157 pounds and the market value of the sheep was $1.50 per pound. So, Jayda earned $14.50 X 157 – 5% or $2,162.67. Compared to a market value of $235.50, that is a pretty good reward for a job well done. Continued --
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