DD was born in a birth center, but the midwife offered us the placenta. Can I still answer?
I wish I had made a decision to do something with dd's placenta before she was born. The midwife showed me the placenta after the fact, while I was still high newborn joy and post labor. She asked what did I want to do with it, and suggested planting it in our garden. The first thought that popped in my mind was how many dogs live in our neighborhood, and moreover, how we're just around the corner from a large wooded area with at least one bear resident. I passed on keeping it. I didn't want to invite bears. It didn't occur to me to plant it elsewhere, freeze it, or do anything else. All I could imagine was a big black bear, lured by the smell of fresh placenta, coming into our garden, digging it up, and possibly getting shot by the crazy neigbor next door. I have an affinity for bears, and didn't want one to come to harm because of me. Rational, huh?
If I'd thought about it beforehand I would have saved it, maybe even cooked up a little and tasted it, which is what a friend of mine did.