Drop in New York-bred foals affects fund
The declining number of mares, foals, and stallions in New York could have damaging results on the state's breeder's award program.
The New York Breeding and Development Fund administer a scheme whereby breeders' prize contributions are made, at 20 per cent of prize-money earned for New York-sired progeny and 10 per cent for non-New York-sired runners.
Last year however, due to a fund shortage, prize contributions for second- and third-placed runners were cut in half. The number of foals born in New York fell last year to 1,798 compared with 2,209 in 2004.
The number of mares bred dropped from 3,302 five years ago to 2,169 and the number of stallions standing in the state dropped to a ten-year low of 70.
Charles Hayward, president of the New York Racing Association, said: "The projected decline in the foal crop will have an impact on the number of state-bred races NYRA will run in the future, which means less purse money coming back to New York-bred owners."