Andre van Zyl at Nampo Auctioneer Competition
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Auctioneers play vital role in livestock price setting mechanism
The finals of the nationwide Toyota Young Auctioneer Competition are underway at Nampo.
Finalists qualified through seven regional competitions leading up to Nampo. Albert Loubser of Stockfarm, which hosts the competition, said auctions are the price setting mechanism of the stock industry in South Africa. He said an auction determines what consumers will pay for meat and what price the producer receives for his stock.
Loubser says the auctioneer has to keep both the seller and the buyer happy. He adds that a good auction ends with a fair price resulting in a happy seller and a happy buyer.
The first winner of the junior competition four years ago, Andre van Zyl, is one of this year’s judges. He says they are looking at clarity of voice, the quality of presentation, the junior’s ability to present the animal to the buyers and the manner in which he closes the auction.
He says it is easy to rush through an auction. However, judges are keeping an eye out to ensure participants know exactly where they stand with each bid.
Van Zyl gave participants a bit of an idea of what is expected of them head of the junior round on Wednesday:
Then it was time for the juniors to play their cards. Gideon Nienaber was participating in the 13 to 18 year category.
The competition ends on Thursday.
Andre Grobler/OFM News
The finals of the nationwide Toyota Young Auctioneer Competition are underway at Nampo.
Finalists qualified through seven regional competitions leading up to Nampo. Albert Loubser of Stockfarm, which hosts the competition, said auctions are the price setting mechanism of the stock industry in South Africa. He said an auction determines what consumers will pay for meat and what price the producer receives for his stock.
Loubser says the auctioneer has to keep both the seller and the buyer happy. He adds that a good auction ends with a fair price resulting in a happy seller and a happy buyer.
The first winner of the junior competition four years ago, Andre van Zyl, is one of this year’s judges. He says they are looking at clarity of voice, the quality of presentation, the junior’s ability to present the animal to the buyers and the manner in which he closes the auction.
He says it is easy to rush through an auction. However, judges are keeping an eye out to ensure participants know exactly where they stand with each bid.
Van Zyl gave participants a bit of an idea of what is expected of them head of the junior round on Wednesday:
Then it was time for the juniors to play their cards. Gideon Nienaber was participating in the 13 to 18 year category.
The competition ends on Thursday.
Andre Grobler/OFM News
