Guaranteed Payments
The Houston Livestock Show and Rodeo™ has established a schedule of Guaranteed Premiums to be paid to all eligible junior market show and school art exhibitors. In return for the Guaranteed Premium, all animals and art become the property of the Houston Livestock Show and Rodeo at the time the awards are presented.
These animals/works of art are then sold by the Houston Livestock Show and Rodeo in their respective junior auction. This way, exhibitors at the Houston Livestock Show and Rodeo know in advance the amount of money they will receive for animals/works of art sold at auction through this program.
Also, in accordance with tax legislation, the Houston Livestock Show and Rodeo (a nonprofit charitable organization) provides each auction buyer with a record of the animal he or she purchased from the Show. This disclosure informs buyers of the fair market value of an animal, and allows buyers to determine what amount of the excess payment above fair market value is a charitable contribution.
Below is a list of the guaranteed payments for the junior auction exhibitors.
Schedule of Guaranteed Premium for Market Steers:
Schedule of Guaranteed Premium for Market Lambs:
Schedule of Guaranteed Premium for Market Goats:
Schedule of Guaranteed Premium for Market Barrows:
Schedule of Guaranteed Premiums for Market Broilers and Turkeys:
Schedule of Guaranteed Premium for Works of Art:
Bonus Pool
The amount of money bid and collected between the Guaranteed Payment and the Potential Maximum Payment from each lot is reserved in the "Bonus Pool." These funds are used to offset any lots that did not sell for the Guaranteed Payment amount and for auction expenses. Any remaining Bonus Pool funds, after all Guaranteed Payment and auction expenses have been paid, are shared among the placing exhibitors. No exhibitor shall ever receive more than the Potential Maximum Payment.
Houston Livestock Show and Rodeo™, P.O. Box 20070, Houston, Texas 77225-0070, 832.667.1000
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