Ky-Farm-Bureau-Logo2LOUISVILLE, Ky. (8/21/14) — The Kentucky State Fair's Grand Champion Ham is a hot commodity, earning a record-high $2 million charitable bid during Kentucky Farm Bureau's 51st annual Country Ham Breakfast and Auction.

After bidding against one another at the auction's opening and watching the prices climb higher and higher, Republic Bank & Trust Company paired with Hermitage Farms and Bridgeman Foods to present the record-shattering $2 million bid. The 15.89-pound Grand Champion Ham produced by Broadbent's B&B Foods of Kuttawa, Ky., was therefore worth approximately $125,865 per pound.

The previous record high was another joint bid of $1.6 million from Republic Bank & Trust Company and Dr. Mark Lynn & Associates in 2010.

"I'm proud to share this moment with the Bridgeman and Hermitage Farm folks," said Steve Trager of Republic Bank & Trust Company after the auction's conclusion. "It's two million dollars. Now we can do some really good things in the community, and that's what it's all about."

Nearly 1,600 people gathered for KFB's 51st annual Country Ham Breakfast and Auction in the South Wing of the Kentucky Exposition Center, and were witnesses to this monumental feat of charitable giving. Local, state and national elected officials spoke prior to the auction about current agricultural and political conditions in Kentucky and across the nation, but the event hit a fever pitch as the audience watched bidders duel in seven-figure amounts for the Grand Champion Ham.

Trager announced at the Ham Breakfast that the charitable donation from the Republic Bank & Trust Company would be steered towards institutes supporting health care and education. Wilson shared that his group's half of the winning bid would be split among a few different charities, including the West End School in Louisville.

"It was a wonderful opportunity to be able to double the ability to give to the community," concluded Steve Wilson of Hermitage Farms. "I think the ham is a wonderful symbol of the bounty of the agricultural products in Kentucky; a good symbol of charity and sharing food."

Although no goal amount is set for the ham's top bid each year, KFB has now helped raise more than $8.9 million for dozens of local charities, educational institutions and non-profit organizations through the 51-year history of the auction. All money raised through this auction is donated directly to the charity of the winning bidder's choice.

"It's a amazingly successful day when we can place the spotlight on Kentucky's deep agricultural roots and help bring about a multi-million dollar donation to local charities," said Joe Cain, KFB's commodity director and ham breakfast event coordinator.

The ham auction's humble beginnings, a respectable $124 winning bid at the first event in 1964, have grown exponentially in recent years. The average price of the auctioned ham over the last 10 years is now $739,000.

SurfKY News
Information provided by Dan Smaldone

e-max.it: your social media marketing partner

LIKE SurfKY on Facebook - Click here to LIKE us now.

© Copyright 2015 SurfKY News Group, Inc. All rights reserved. This material may not be published, broadcast, or rewritten without permission. SurfKY News encourages you to share this story on social media.

Weather Sponsored by

1 DOW 16,102.38
-272.38 (-1.66%)    
2 S&P 1,921.22
-29.91 (-1.53%)    
3 NASDAQ 4,683.92
-49.58 (-1.05%)    

Stock Report Sponsored by

In Other News...

Hopkins County Sheriff's Reports Released

HOPKINS COUNTY, Ky. (9/4/15) — The Hopkins County Sheriff's Office released the following reports Friday, Sept. 4.… Read More

MCJC Celebrates Success of Three Former Graduates

MUHLENBERG COUNTY, Ky. (9/4/15) — The Muhlenberg County Job Corps Center is quite proud to recognize recent outstanding… Read More

Most Read This Week

September 04, 2015 20972

UPDATE: Attack on WKP Never Happened, Say Police

by SurfKY News
August 31, 2015 6905

Man Convicted of Hopkins Countian's Death Granted…

by Doreen Dennis, SurfKY News
September 02, 2015 6262

Madisonville Gaining Two New Businesses

by Ron Sanders
August 30, 2015 4072

UPDATED: 'He Fought the Law ... but, the Law Won'

by Doreen Dennis, SurfKY News
September 02, 2015 3484

Investigation Leads to Meth Trafficking Charge

by SurfKY News

Most Read This Month

September 04, 2015 20972

UPDATE: Attack on WKP Never Happened, Say Police

by SurfKY News
August 24, 2015 12446

Teen Reports Slasher Attempted to Attack Him on…

by Doreen Dennis, SurfKY News

Stories Trending Now

September 04, 2015 20972

UPDATE: Attack on WKP Never Happened, Say Police

by SurfKY News
September 02, 2015 2403

Crime Stoppers Top Most Wanted - September 2, 2015

by SurfKY News
September 04, 2015 1857

Man Charged with Kidnapping 8-Year-Old Girl

by SurfKY News
September 03, 2015 1285

One Injured when Motorcycle, SUV Collide

by Doreen Dennis, SurfKY News
September 03, 2015 1118

Madisonville Police Arrest Reports – Sept. 3, 2015

by SurfKY News
September 03, 2015 1040

TMS Automotive to Locate in Bowling Green

by SurfKY News
September 03, 2015 985

TVA Touts Progress of Combined Cycle Project

by Doreen Dennis, SurfKY News
September 02, 2015 983

Ministry Reaches People from Region to Honduras

by Focus on Hopkins County
September 03, 2015 973

Nortonville New Water Treatment Plant Another…

by Tammy Holloway, SurfKY News
September 03, 2015 797

Gubernatorial Candidate Spot-on about Head Start

by SurfKY News