You could call it a cash cow. Except it’s a bull.
For a record $800,000, ranchers in Missouri and Oklahoma have acquired the rights to sell semen from a prized Angus bull from North Dakota.
“He’s a landmark individual,” said Tom Burke of the American Angus Hall of Fame in Smithville, who has managed more than 10,000 Angus cattle sales all over the world in his 51-year career — including the Feb. 10 sale of this bull, SAV Elation 7899, or Elation for short. “He holds the best genetics in the Angus world.”
“SAV” stands for the Schaff Angus Valley, a farm in North Dakota where the bull was born.
Fourteen-month-old Elation is the “highest-priced bull ever sold at public auction,” said a news release about the sale. The previous record, $750,000, was set last year.
Square B Ranch and Cattle Co., of Warsaw, Mo., and Bogle Ranch LLC, of Langley, Okla., purchased the bull. Each ranch will get 40 percent of the semen rights, while the Schaffs will retain 20 percent ownership interest.
Brian Bell, owner of Square B Ranch, said he plans to sell semen on this bull to other breeders and commercial cattlemen. The bull is expected to “produce a significant amount of semen in a year’s time.”
As of Friday, Bell said he’d already heard from interested semen buyers all over the world, including Australia, South America and North America. Straws of the bull’s semen will be $50 each, he said.
“This will be a bull that will stay in the Angus breed for a long time. He will build phenomenal females, which is what commercial breeders need,” Bell said.
Elation is a grandson of N Bar Emulation EXT — “arguably, the greatest Angus bull of the last 25 years,” the news release said.
“It’s going to be three premium operations that are trying to raise better cattle in the U.S.,” Bell said.