During the prestigious Iowa State Fair Sale of Champions, 16 4-H and FFA exhibitors sell their champion livestock to hometown and national supporters. The animals represent the Grand and Reserve Grand Champions in each of their respective species as selected during the Fair’s livestock show. The Iowa State Fair features one of the largest livestock shows in the world and winning a class - let alone showing a champion animal - is highly coveted.
The Sale of Champions is managed by the Iowa Foundation for Agricultural Advancement (IFAA) and is hosted the last Saturday of the Iowa State Fair in the Cattle Barn’s Penningroth Media Center.
Five Records Set at 2016 Iowa State Fair Sale of Champions
With a final swing of the gavel, the Iowa Foundation for Agricultural Advancement (IFAA) raised a record $373,700 for the 16 exhibitors of 4-H and FFA Grand and Reserve Champion livestock in the Sale of Champions Saturday at the 2016 Iowa State Fair.
Five champion records were broken during the 2016 Sale.
The Grand Champion FFA Market Hog stole the show bringing an all-time record for any species with $53,000, selling for $12,000 more than the record in 2013. The Grand Champion 4-H Market Hog set a new record of $50,500, selling for $2,500 more than the record price set in 2014. The Reserve Champion FFA Market Lamb sold for a record $19,000, besting the previous record of $18,500. The Grand Champion 4-H Market Broilers sold for a record-breaking $8,700, and the Reserve Grand Champion 4-H Market Broilers sold for a record $16,000.
Participants in the Sale of Champions were asked to find hometown supporters to set a floor price for bidding. The purchaser in the auction paid the difference between the floor price and the final sale price. Each participant in the Sale takes home a check for 80 percent of the animal’s sale price. The IFAA keeps 20 percent to fund the scholarship program and cover Sale expenses. In addition to their earnings, the exhibitors of the Grand Champion 4-H Market Steer, Grand Champion FFA Market Hog, Grand Champion 4-H Market Lamb and Grand Champion 4-H Breeding Heifer earn the use of a new aluminum livestock trailer for one year courtesy of Featherlite, Inc., of Cresco, Iowa.
In addition to the sale, the IFAA awarded $243,400 in scholarships as well as performance and carcass awards presented prior to the Sale, for a total $617,100 for young livestock exhibitors. Since the inception of the Sale of Champions in 1988, the IFAA has given out more than $7.4 million through Sale proceeds and scholarships to deserving youth participating in agricultural-related projects and interested in agricultural-related careers.
Photos will be posted after the sale. Click on each photo for a larger version. For electronic versions of these photos, email your request to the Iowa State Fair Marketing Department.
For more information on the Sale of Champions, please contact: