- home >
- Competitions >
- Livestock & Horse Shows >
- Junior Livestock Auction >
- Junior Livestock Auction FAQ
Junior Livestock Auction FAQ
Where does the money go?
- 100% of the Junior Livestock Auction proceeds go to Oklahoma Youth.
- 9% of each winning bid is given to the Tulsa State Fair Junior Livestock Auction Scholarship Fund which supports 50 scholarships each year.
What is the benefit of my donation?
- Support of Oklahoma youth
- Scholarships that provide support for higher education
- Name inclusion in print materials and website
- Invitation to the next year’s Junior Livestock Auction including tickets to the Tulsa State Fair and parking
- The Tulsa State Fair Junior Livestock Auction Corporation is a 501(c)(3) nonprofit organization. Contributors will receive a tax letter noting the deductible portion of their contribution.
What options do the buyers have with their purchase?
- The winning bidder pays the entire amount as accepted by the auctioneer. A buyer has three options with their purchase:
- Resell : when a buyer selects to resell their animal, the establish resell value of the animal is deducted from the bid amount.
*Resell Value is the fair market value of the animal the day of the auction.
Example: Bid Price = $3,500; Resell Value = $1,000; Buyer Pays = $2,500.
- Donate: after the buyer purchases the animal, he/she can choose to donate the meat of the animal to the charity of choice. The buyer pays the full bid price.
- Custom Process: the buyer has the option to have the meat of the animal processed for personnel use. The buyer pays the full bid price.