The Kentucky State Fair’s Grand Champion Ham earned a record-high $2 million charitable bid during Kentucky Farm Bureau’s annual Country Ham Breakfast & Auction.

After bidding against one another at the auction’s opening and watching the prices climb higher and higher, Republic Bank & Trust Company paired with Hermitage Farms and Bridgeman Foods to present the record-shattering $2 million bid. The 15.89-pound Grand Champion Ham produced by Broadbent’s B&B Foods of Kuttawa, Ky., is worth approximately $125,865 per pound.

The previous record high was another joint bid of $1.6 million from Republic Bank & Trust Company and Dr. Mark Lynn & Associates in 2010.

“I’m proud to share this moment with the Bridgeman and Hermitage Farm folks,” said Steve Trager of Republic Bank & Trust Company after the auction. “It’s two million dollars. Now we can do some really good things in the community, and that’s what it’s all about.”

Nearly 1,600 people gathered for KFB’s 51st annual Country Ham Breakfast & Auction Aug. 21 at the Kentucky Exposition Center, and were witnesses to this monumental feat of charitable giving.