2007 KY Horse Breeders Incentives Awards Are Released
Posted by Jennifer Karlen on Sunday, February 8th, 2009 at 4:45pm.
The Lexington KY newspaper, the Lexington Herald-Leader published the most recent KY Horse Breeders Incentives Awards that have been released.
The fund generated $19,220,007 for 2007. The amounts are being distributed as follows:
80% Thoroughbred breeders (approximately $15.4 million)
13% Standardbred breeders (approximately $2.5 million)
7% Qualified other breeds (approximately $1.34 million)
$446,629 Kentucky Quarter Horse Association
$387,506 Kentucky Walking Horse Association
$165,178 Kentucky Mountain Horse
$146,381 Kentucky Saddlebred Owners & Breeders Association
$115,323 Kentucky Paint Horse Club
$61,570 Kentucky Appaloosa Owners Association
$16,872 Kentucky Morgan Horse Association
$16,408 South Central Hackney Association
$14,139 Kentucky Paso Fino Horse Association
The money will be sent by checks mailed in late March 2008 and is being overseen by the Kentucky Horse Racing Authority.
Thanks again goes to Senator Damon Thayor, R-Georgtown who is the legislative author for the Kentucky Horse Breeding Incentives program! It helps establish Kentucky as THE world’s leading horse friendly community.
For those persons interested in purchasing their own horse farms in KY, please select one of the following to search the MLS:
KY Horse Farms For Sale in Lexington.
Kentucky Horse Farms For Sale in Louisville.
non-racing breeds in early 2007. These incentives can be substantial
for horses bred, foaled in KY and that perform well within their
respective breed!
To give some background on the topic, the Kentucky Equine Education
Project (KEEP) has been quite successful since its launch in 2004. In
2005, the Kentucky Horse Breeders Incentive Fund was introduced. In
short, the Kentucky horse breeders incentives are funded through the
sales taxes from stud fees.
The funds are then given back as monetary awards to Breeders based
on their horses performance in their respective industry. As an
example, for Thoroughbred horse owners - the money awarded is based on
how well they performed on the track. The non-racing breeds are awarded
based on a point system within their respective associations.
Recently, in addition to thoroughbreds, many other breeds were granted funding and provided incentives in this program.
Those additional breeds and associations include:
Kentucky Appaloosa Owners Association
South Central Hackney Association
Kentucky Morgan Horse Association
Kentucky Mountain Horse
Kentucky Paint Horse Club
Kentucky Paso Fino Horse Association
Kentucky Saddlebred Owners and Breeders Association
Kentucky Walking Horse Association
Kentucky Quarter Horse Association
More breeds are likely to be added in the near future.
The funds are distributed to each association based upon the
approximate number of registered horses within each association. And
since its a self funded program, it helps create interest in horses and
farms in Kentucky while being able to sustain itself without costing
taxpayers any additional money. Its a win/win.
It appears that this program is working - and working quite well.
These incentives have created a tremendous amount of interest within
the Kentucky horse farms and real estate industries. Many persons
across the country are now wanting at least a satellite farm for
breeding and foaling purposes in Kentucky. Some are relocating their
entire horse breeding business to Kentucky.
KEEP estimates that the horse industry’s economic impact is $4
billion annually. KEEP currently has membership of over 11,000 persons
and representatives that are team leaders in all 120 counties in
Kentucky. To search for LOUISVILLE or LEXINGTON Kentucky farms for sale, click the following:Louisville Kentucky Farms for saleLexington Kentucky Farms for sale UPDATE:
The 2007 Awards have been announced and checks will be mailed in March 2008.
Read it all here: 2007 KY Horse Breeders Incentives Awards [...]
Posted on Sunday, February 8th, 2009 at 4:55pm.