PRIVATE TREATY OPENING DAY BID-OFF
SALE REPORT

Demand for the top bulls was strong for our Private Treaty Bulls Opening Day Bid-Off as about 15 buyers gathered into our conference room on a very cold and breezy morning. There was an additional five customers bidding over the telephones as well as numerous customers leaving bids with Doug and Gordon. The Opening Bid-Off lasted approximately an hour with 11 bulls receiving multiple bids. High selling bull was the 0776X Rookie son selling to Moseley Cattle Auction in Blakely, Georgia. John Moseley had seen the bull during our Pre-Sale Open House and was on the phone to purchase him the morning of our Opening Bid-Off. Following closely behind at $4,700 was the 0743X Predestined son, also selling on the phone to another Gibbs Farms past customer, Elaine Moore of Albemarle, North Carolina. Seven bulls sold for $4,000 or more with a total of 23 bulls selling during the Opening Day Bid-Off for a gross of $82,400 and averaging $3,583.

The acceptance of our seedstock has been very humbling this year and we greatly appreciate our customers placing their faith in our genetics and program. At Gibbs Farms, we strive to produce the best genetics available in the industry, developed in a real world southeastern environment, and backed by the best guarantee and extended warranty in the industry. We sincerely appreciate what our customers have done for us and want to assure you we are working hard to make our product and customer service better each and every year.