307: Young Blood in the Auction World and Why the Industry Needs It Right Now with Jace Thompson

Today we welcome Jace Thompson to the podcast, one of the youngest guys in the game and another contestant in this year’s King of the Ring competition. He talks about his start in the auction industry and what it’s been like building a career early on. Growing up around the business, Jace was exposed to auctioneering from a young age, but stepping into it professionally came with a learning curve. In just a few short years, he’s gone from trying it out to fully committing to the path and continuing to build his place in the industry. They also discuss the importance of mentorship, the need for more young people in the auction and cattle industries, and why there is still a lot of opportunity for the next generation.

Links:

King of the Ring - ⁠⁠https://www.korauction.com/?utm_sourc...Nominate or request to be a guest - forms.gle/fRkvzRenh7mqkDXV7 CattleUSA Insurance - ⁠https://info.cattleusainsurance.com/l...⁠CattleUSA Website - ⁠https://www.cattleusa.com/⁠Facebook - ⁠ / cattleusamedia⁠ Instagram - ⁠ / ⁠ Subscribe to our newsletter - ⁠https://www.cattleusadrive.com/premium⁠CattleUSA Media - ⁠https://www.cattleusamedia.com/⁠Lauren’s Instagram - ⁠ / ⁠ Lauren’s Youtube - ⁠ / @showboatmediaco The Next Generation Podcast Website - ⁠https://www.thenextgenag.com/⁠

Key Takeaways:

• The auction industry needs more young professionals stepping in
• Early career growth comes with a steep learning curve
• Mentorship plays a major role in long-term success
• There is strong opportunity for young people in agriculture
• The cattle market remains strong with high demand and tight supply
• Hands-on experience is one of the best ways to learn the industry

Chapters:

00:00 Introduction + King of the Ring
02:00 Growing up around the auction industry
05:00 Getting started professionally
08:00 Early challenges and learning curve
11:00 Being one of the youngest in the industry
14:00 Opportunity for young people in ag
17:00 Cattle market perspective
20:00 Advice for getting started

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