When Peanuts reached three years of age, he was traded to a cowboy[2] who later sold him to his most prominent and last owner.
"Peanuts first came into my life in January 1966, when I arrived at the Shamel Ranch in Murrieta, California, owned by breeder Judd Morse.
Early one morning, I was there to load up a bunch of running horses to go to Bay Meadows Racetrack at San Mateo."
His then-wife and ranch trainer LaRae told him Peanuts would win his first start and the most races overall, which he found dubious given that the horse was still only 850 pounds.
At the winner's circle, Jack Robinson, his first call jockey, said, "Stan, I don’t know how far he’ll run, but he can sure as hell leave that gate."
[1] Immenschuh said, "When Peanuts turned 3 years old, he finally started to grow and changed into a horse that would later be stout enough to carry a 'big cowboy' to a steer."
His ankle started bothering him, so Immenschuh turned him out for a bit, then traded him to a cowboy named Bob Barnes, who later sold him to C.R.
Immenschuh recalled, "I picked up the Sports News the other day to read that Peanuts had won another world championship.
Immenschuh recalled how he was over at Sunland Park in El Paso, Texas, and attended the rodeo slack.
[5] For his total participation at the NFR, they estimated that in 450 runs, the cowboys wrestled 225 consecutive steers from Peanuts' back without missing one.
That year the top 30 money winners voted on Peanuts to receive the inaugural trophy for the 1977 and 1978 season.