Sep 16, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

The Case of the $2 Million Ham

August 23, 2014
By: Ben Potter, Social Media and Innovation Editor google + 
grand ham
2014 Miss Kentucky Ramsey Carpenter, along with winning bidders and state and local politicians, pose with the prize ham.  

A savvy shopper could pick up a 16-pound ham at the grocery store for around $100. That’s a pittance by Kentucky State Fair standards, where the Grand Champion country ham has gone for increasingly astronomical amounts. This year’s entry fetched a record $2 million at Kentucky Farm Bureau’s (KFB) 51st annual Country Ham Breakfast & Auction on Aug. 21.

KFB reports that rival bidders joined forces after prices skyrocketed. Republic Bank & Trust Company paired up with Hermitage Farms and Bridgeman Foods to tally the winning bid. The 15.89-pound ham was produced by Broadbent’s B&B Foods in Kuttawa, Kentucky. That makes the ham worth more than $125,000 per pound.

"It was a wonderful opportunity to be able to double the ability to give to the community," says 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."

The money – as well as the ham itself – will all be donated to area charities.

"It’s an 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.

This particular auction started with humble beginnings – the winning bid in 1964 was a modest $124 dollars – but has grown at an exponential clip in recent years. The average winning bid over the past decade has been $739,000. The previous record came in 2010, when the winning bid clocked in at $1.6 million.

KFB says it has raised about $8.9 million for dozens of local charities, educational institutions and non-profit organizations over the course of the 51-year history of the auction.

See Comments

RELATED TOPICS: Hogs, Livestock

Log In or Sign Up to comment


No comments have been posted



Receive the latest news, information and commentary customized for you. Sign up to receive Dairy Today's eUpdate today!



Market Data provided by
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by|Site Map|Privacy Policy|Terms & Conditions