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OwnerView Webinar Focuses on Trade Economics


The fifth installment within the 2024 OwnerView webinar sequence was held July 9 relating to the economics of the Thoroughbred business when contemplating file purses, incentives to race and breed horses, and powerful top-end gross sales with a declining foal crop.

The convention is hosted by The Jockey Membership and the Thoroughbred Homeowners and Breeders Affiliation and introduced by Bessemer Belief, Stoll Keenon Ogden, and The Inexperienced Group. The panel was sponsored by Juddmonte Farms and Woodbine.

A Q&A was sponsored by West Level Thoroughbreds, and attendees had been in a position to ask questions via a Q&A hyperlink. These questions had been then answered on the finish of the webinar.

Gary Falter, the undertaking supervisor for OwnerView, moderated the panel with friends Everett Dobson, proprietor of Cheyenne Stables and Sweet Meadows Farm; Tom Rooney, president and CEO of the Nationwide Thoroughbred Racing Affiliation; and Dr. Marshall Gramm, co-founder of Ten Strike Racing.

The webinar began with a evaluate of financial knowledge displaying a decline within the foal crop over time.

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“This may at first blush appear to be it is dangerous information,” Rooney stated on the waning variety of foal births, starters, and races. “In fact, with the purses, it is excellent news for these of us which are house owners and breeders.”

Rooney additionally identified that, although there’s a foal-crop discount, there are additionally extra types of sports activities betting than there have been at first of the horse racing business, on-line playing being certainly one of them.

Subsequent, Falter mentioned sale yearlings in comparison with the foal crop, which related to state breeding applications throughout the dialogue. Dobson offered perception on the significance of those breeding applications to the economic system of the designated state.

“My hope is to get extra breed to race individuals again into the game,” Dobson stated, stating that there’s a extra favorable tax construction than now we have ever had. “There is a compelling motive to breed to race.”

Relating to breeding horses, it was agreed that there are advantageous outcomes relating to state breeding applications. Gramm emphasised the upside of those applications, “Moreover, I believe a few of these state-bred applications, since you proceed to receives a commission as your horse runs, they provide the incentive to breed a sound horse.”

The replay of Tuesday’s Thoroughbred Proprietor Convention panel is on the market at bit.ly/OVVideos.

5 further Thoroughbred Proprietor Convention digital panels are scheduled for 2024. The following session, “Veterinary: Throat Surgical procedure,” will likely be held Aug. 6 at 2 p.m. ET. A full schedule will be discovered right here.

There isn’t a registration payment for the 2024 digital convention sequence, however registration is required. For extra details about the proprietor convention sequence, together with the schedule of panels and registration, please go to ownerview.com/occasion/convention or contact Gary Falter at 859.224.2803 or gfalter@jockeyclub.com.

 

This press launch has been edited for content material and magnificence by BloodHorse Employees.

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