Introduction
Whenyoucompleteyourmarketanimalprojectyouwillbecomeanentrepreneur.Anentrepreneuris
someonewhomakesmoneyontheirown.Thelifeskillsyouwilllearninthisprojectwillhelpyousomeday
beasmallbusinessowner,andhelpyoulearnbasiceconomicprinciplesthatwillguideyoutoachievethis
goal.Economicsinthiscasemeanssupplyanddemandandtheallocationofscarceresources.
ThisyeartheeconomyinIndianRiverCountyisinarecession,whichmeansthatbusinessispoorformany
businessesinourarea.Asaresult,therewillbefewerbuyersatthefairlivestockauctionandyouare
goingtohavealotofcompetition.Ifyouwanttobesuccessfulandgetthebestpriceforyouranimal,you
mustmarketyourselfandyouranimalthroughouttheyear.Youneedtofindabuyerbeforethefairwho
isinterestedinyouranimalandyou.Yousimplycannotshowupatthefairauctionandexpectbuyersto
wantyouranimal.Youhavespentalotoftimeandenergyraisingandcaringforyouranimal,nowyou
needtospendalotoftimefindingtherightpeopletobuyyouranimal.Youneedtomarketyourselfand
yourswineorsteer.Thebuyer’sletterisanexcellentwaytomarketorsellyouandyouranimal.
Buyer’sLetter
Abuyer’sletterisaletterthata4‐HmembersendsouttopotentialbuyersbeforetheCountyFairtotell
themalittleaboutthemselvesandtheiranimalandtoinvitethemtothefairandlivestockauction.This
guidewillhelpfirst‐time4‐Hyouthwriteasuccessfulbuyer’sletterandhopefullyhelptenured4‐Hsellers
improvetheirletters.
TheIndianRiverCounty4‐HLivestockShow&Salerequireseachyouthtowriteatleastthreelettersto
potentialbuyers.Itisyourresponsibilitytohelpgetnewandreturningbuyerstocometothelivestock
sales.Withoutnewandreturningbuyers,atimemaycomewhentherearemoreanimalsthanbuyers.
(Economics–supplyanddemand)Ifthishappens,animalswillbesoldatmarketprice.Thepricesmay
droptoapointwhereexhibitorsarelosingmoneybyraisingtheiranimals.Soitisyourjobtowritea
letterthatwillencouragepotentialbuyerstocometothefairauctionsotherewillbemorebuyersthan
animalsforsale.Itisalsoyourjobtosellyourselfinthelettersothebuyerwantstobuyyouranimal.
HowDoIFindaBuyer?
Beforeyoubeginwritingyourletters,itisimportanttohaveaplan.WhoshouldItargettoreceivemy
buyers’letters?HowmanyshouldIsendout?ThefairrequiresthatIsendoutthree,butisthat
enoughinthesetougheconomictimes?
SuggestionsforPossibleBuyers
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