Five Records Set at 2016 Iowa State Fair Sale of Champions
Saturday, August 20, 2016 Des Moines, IA
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.
About Iowa State Fair
Frequently ranked as one of the top events in the country, the Iowa State Fair is the single largest event in the state of Iowa and one of the oldest and largest agricultural and industrial expositions in the country. Annually attracting more than a million people from all over the world, the Iowa State Fair located at East 30th and East University, just 10 minutes from downtown Des Moines is Iowa’s greatest celebration with a salute to the best in agriculture, industry, entertainment and achievement. Nothing Compares to State Fair Moments, August 9-19, 2018. For more information, visit www.iowastatefair.org.