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How To Buy Livestock At An Auction

Wednesday, December 2nd, 2015

There are many types of auctions to attend including livestock, car, real estate, and antique auctions. Attending a livestock auction allows you to get a good deal on cows, chickens, pigs, or horses. You can populate your farm or ranch with the animals you desire for a great price. However, before going to a livestock auction, it is good to do some research about what types of animals will be at a specific auction. You should also do some research on the livestock before bidding at the auction and be prepared to transport your new livestock.

Research the livestock auction before attending

Before you go to any auction, it’s a good idea to check out what kind of animals will be up for bid that particular day. You should be able to look online at the auction house’s website, or browse the catalog of livestock up for bid. Doing research before the livestock auction will give you an idea of what you’ll be bidding on, and possibly a cost estimate for the animals. With this information, you can set a budget for the day of the event. Some livestock auctions only sell specific breeds or types of animals as well, so make sure the auction will offer the types of animals you desire.

Research the livestock at the auction before bidding

Arrive at the livestock auction early so you can take a look at the animals in person. You should only bid on healthy animals that are in great condition. If you are able, talk to the owner to find out more information about the animals. Ask about how old the animals are, their weight and overall health, where they’ve been kept, and any other details you may need before you bid.

Before you can bid, you’ll need to register for a bidding number and receive a paddle. Once the livestock auction begins, the animals will be led into the ring so you’ll have the opportunity to bid on the animals you want. The auctioneer will call out bids in increments, and you’ll have to raise your paddle to place your bid. It can be easy to get caught up in the excitement and fast paced nature of auctions. Be careful not to exceed your personal budget as you bid on livestock.

Prepare transport before the livestock auction

Once you win at a livestock auction, you’ll need to pay for your purchases. Payment may include fees, taxes, transfer of ownership, a bill of sale, and documents relating to the animals such as veterinarian or health paperwork. You may want to contact the auction house before the event to find out how much fees are and if there are taxes involved. It is important to keep these amounts in mind while you’re bidding at the livestock auction.

After you bid, win, and pay for your animals, you’ll have to be prepared to transport them back to your property. The owners and auction house will expect you to transport your animals immediately. If you don’t have access to a livestock trailer, consider renting or borrowing one to take with you on the day of the event.

For more information

Contact High Plains Auctioneers at (806) 244-6776 to find out more about livestock auctions, or to hold your own auction. You can also Contact Us by email to learn more about our services. Don’t forget to view our upcoming auctions!