Third stocker cattle sale from Reed Family Trust results in $23,000 donation to Eastern Foundation
WILBURTON, OK (Dec. 14, 2018) – The Reed Family Trust of Poteau recently made its third significant donation to the Eastern Oklahoma State College Development Foundation as a result of the sale of stocker cattle in the college’s ranch management degree program.
The Reed Family Trust purchased 225 cattle this summer for use on Eastern’s farm. The cattle were recently sold to a commercial feedlot for a profit of $23,375.87. After the initial investments were recovered, the Reed Family Trust donated the proceeds to the EOSC Development Foundation to support the Agriculture Division.
“This collaborative effort between the Reed Family and Eastern has resulted in nearly $70,000 in donations to support Eastern’s Agriculture Division in the past 16 months,” said Earl Shero, stocker cattle specialist. “This partnership has increased funds for scholarships and improvements in the Ag Division. We are grateful for the support of our students and this degree program.”
This was the third set of stocker cattle purchased by the Reed Family Trust, bringing the total proceeds donated to $69,848.45. Bob Reed is the chairman of The Community State Bank, which was created in 1970 and has locations in Wilburton, Poteau, Spiro, Wister and Talihina.
Shero said students in the ranch management degree program were responsible for the day-to-day management of the stocker herd, including feeding and maintaining the health of the cattle. Students worked with instructors to develop a management and marketing plan for the fall semester. Students used livestock future contracts and feeding regimens to meet the goals of the plan and achieve a profit on the cattle sale.
To learn more about Eastern’s ranch management program, visit eosc.edu/stocker or call 918-465-1724.
The Community State Bank Wilburton Branch Manager Cindy Dye (second from left) presents a donation to Eastern Oklahoma State College President Dr. Stephen E. Smith following the sale of stocker cattle in the college’s ranch management degree program. Also pictured are Community State Bank’s Cindy Long (far left) and Taylor Branstetter.