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Lot 1 GAR Sale
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<blockquote data-quote="simme" data-source="post: 1798839" data-attributes="member: 40418"><p>Notice that Lot 1 was not a traditional sale of a bull. If I understand correctly, the purchaser did not buy possession or use of a bull. Did not buy a semen interest in order to receive semen. The bull is already leased to Select Sires. This lot was selling a partnership in that existing lease. I don't know the terms of the lease but assume that there is opportunity to receive income proportional to the straws of semen sold. What was sold was not a bull, but an investment/business opportunity that may return a profit. </p><p></p><p>Also note that the lot 1 bull was not bred by GAR. Breeder of the bull is Richardson Cattle in Texas. As I understand, GAR takes the concept of cooperator herds to a higher level. My understanding is that an angus of GAR genetics may be prefixed as GAR and sold in their sale with each side receiving 50% of the sale price. Just what I have been told anyway. Does anyone know if that is correct or incorrect?</p></blockquote><p></p>
[QUOTE="simme, post: 1798839, member: 40418"] Notice that Lot 1 was not a traditional sale of a bull. If I understand correctly, the purchaser did not buy possession or use of a bull. Did not buy a semen interest in order to receive semen. The bull is already leased to Select Sires. This lot was selling a partnership in that existing lease. I don't know the terms of the lease but assume that there is opportunity to receive income proportional to the straws of semen sold. What was sold was not a bull, but an investment/business opportunity that may return a profit. Also note that the lot 1 bull was not bred by GAR. Breeder of the bull is Richardson Cattle in Texas. As I understand, GAR takes the concept of cooperator herds to a higher level. My understanding is that an angus of GAR genetics may be prefixed as GAR and sold in their sale with each side receiving 50% of the sale price. Just what I have been told anyway. Does anyone know if that is correct or incorrect? [/QUOTE]
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