Canterbury Industry Forum - Tuesday 13th October 2015
September 28, 2015
Prodigal Seelster CSBA Summer of Speed Series
December 5, 2014
2015 NZSBA Cup Eve Function
November 25, 2015
North Island Breeders' Association Proposed Broodmare Incentive Scheme
June 17, 2015
This paper outlines a proposal for a breeding initiative based on the Western Australian EPONA Mares Credit Scheme. The beneficiaries of the scheme will be the mare owners, should they choose to breed from the mare once retired.
New Zealand Standardbred Breeders Association are seeking feedback from industry stakeholders on this proposal, all submissions welcome in writing by emailing email@example.com or posting to PO Box 8270, Riccarton, Christchurch, 8440.
Assumptions have been made based on three years analysis of foal crop data from 2002, 2003, 2004.
Assumption 1: 65% of winning mares go to stud
Establish a fund for payment of stallion service fees on a LFG basis to owners whose mares have accumulated redeemable credits from racetrack wins in New Zealand.
Estimated cost of scheme is $250,000 per annum based on 65% of winning fillies and mares going to stud.
Applicable to fillies and mares aged three-year-old or older, who win any totalisator race in New Zealand;
10% of winning stake to a maximum of $500 each win;
Total credits to be capped at $4000 per mare;
A maximum of 50% of the credit is available in the first breeding season and the balance in a subsequent season;
The credit is attached to the mare; it is not transferable; it does not survive the death of the mare or her becoming unable to conceive, and cannot be converted into cash;
The credits are not transferable in the event of death or export of the mare prior to foaling;
No payment from the Fund is required until the mare is served and tested positive 42 days;
Relatively low cost initiative;
Send a signal to the industry that owners of mares are an integral part of the industry;
Will provide an easier entry into breeding for mare owners;
Utilisation of mares increase – raced more often and for longer to accumulate maximum credits;
Mares more likely to stay in New Zealand to redeem credits;
Would appeal to smaller and potential breeders who may not otherwise breed their mare;
Arrest decline in breeding numbers;
Improve prices for fillies at weanling and yearling sales as buyers look to reinvest in potential broodmares;
Potential Funding Sources:
2% levy on Stallion service fees, payable by stud (potential funding of $300,000 per annum)
Reinstate DNA fees (potential funding of $220,000 per annum)
HRNZ distribution account
Racing Board grant (unknown and previously unsupported at NZRB level)