$100,000 Bull

[Jeanne - Simme Valley]

OR.....Noone actually spent that money. I believe there are lots of "side deals".

 

[gcreekrch]

OR.....Noone actually spent that money. I believe there are lots of "side deals".

Yep, you pay 50 for mine, I'll pay 75 for yours when in reality 10 might change hands.

 

[Ky hills]

Several years ago a good friend that I got my first registered cattle from, was having a production sale and he said the sale manager approached him about doing some kind of deal. He refused, he told him that he didn't play that game.

 

[StrojanHerefords]

It works the other way too, winning bidders will refuse to pay their entire bid. We had some neighbors sell a $40,000 cow in Denver and the guy didn't pay. They very nearly lost the cow and the money.

 

[Ky hills]

Back when I was in registered cattle, we sold a few a long in area consignment sales. It was apparently customary that you didn't get your money for 2 months. I presume the sales management was making sure all the payments came in clear before releasing any money.

 

[Jeanne - Simme Valley]

"Legally" - Packers & Stockers rule is a sales management must pay you within 30 days of sale - and must be bonded.

 

[Hpacres440p]

"Legally" - Packers & Stockers rule is a sales management must pay you within 30 days of sale - and must be bonded.

Have a lady who flips bottle calves down here with got in big trouble with TSCRA for apparently withholding payments according to P&S

 

[faster horses]

Several years ago a good friend that I got my first registered cattle from, was having a production sale and he said the sale manager approached him about doing some kind of deal. He refused, he told him that he didn't play that game.

Happens at horse sales all the time.