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Quarter Horse Stallions standing in Kentucky
* Payouts will be made
based on AQHA racing points and AQHA Incentive Fund points
earned at AQHA approved events. Be aware that an AQHA Incentive Fund
point is different
than an AQHA racing point. Refer to official
AQHA rules. Show
horses must be enrolled in the
AQHA Incentive Fund to be eligible for KyQHA BIF awards.
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standing in KY not featured A-Z and advertisers!
KENTUCKY NEWS
September 1, 2009
FOR IMMEDIATE RELEASE
Kentucky's Quarter Horse Incentive Program is Working
The Breeders' Incentive Fund of the Kentucky Quarter Horse Association (KyQHA
BIF) has been one of
the most successful programs ever. The intent of the Kentucky
Legislature was to increase economic
activity through the stimulation of demand for state-bred horses.
Figures released today show that in
2008 BIF-eligible Quarter Horses earned nearly 6,000 points in
sanctioned shows or races, more than twenty
times the total in 2006.
For this third year of the program, a total of $428,927 will be awarded
to the breeders, owners, and, in a majority
of cases, the sires of 925 BIF-eligible Kentucky-bred horses that in
2008 were shown or raced to 5,888 points.
This compares to only 257 show-and-racing points earned by eligible
Kentucky-bred Quarter Horses in 2006,
and 2,158 points in 2007. That this dramatic increase in activity was
produced, for the most part, by horses
conceived prior to the creation of the BIF reveals the scope of its
unique and dramatic economic-incentive impact.
Under the rules of the KyQHA BIF, 80 percent of the amount allocated is
awarded to those owners who actually
race or exhibit eligible horses in shows or races sanctioned by the
American Quarter Horse Association, wherever
they take place. This structure gives Kentucky breeders the choice of
either retaining ownership, thereby earning
owner awards themselves, or marketing their foals to others, presumably
at a BIF-induced premium, and also
receiving the allocated 10 percent in breeder awards. The other 10
percent goes to Kentucky-based sires.
Creation by Kentucky's Legislature of breeder incentive programs for a
dozen different breeds is unprecedented,
as has been the allocation in the last three years of over $50 million
for economic development within the state's
horse industry. This evidences a serious commitment by legislators to
public policies supporting the industry.
The united goal of various horse groups in the Commonwealth is continued
national leadership and vitality through
development of an additional source of significant revenue for these
incentive programs, which will likely include
eventual approval of alternative gaming at licensed tracks, as in a
number of other states.
Because the official points for showing and racing are calculated
differently by AQHA, the total amount of money
is first divided into two pools, one for showing and one for racing, in
a ratio determined by the number of
Kentucky-breds competing in each category. The pools are then divided by
the total number of points earned
in each category to calculate the value of the points. For the first
time, the point values are essentially the same.
The point value for showing in 2008 is $74.18 while the point value for
racing is $68.16. This procedure ensures
that the BIF total available per competing eligible horse in each
category is exactly the same, $463.70.
The commitment by the Commonwealth of Kentucky to do everything
politically feasible to encourage and foster
its signature horse industry, and the deep commitment by the KyQHA to do
everything feasible to promote
and sustain the Quarter Horse breed in Kentucky, are factors to consider
in the choice of Kentucky as a place
for those who are serious about their Quarter Horse business operations.
In truth, many stallions and farm
operations have moved into the state since 2005 and announcement of the
KyQHA BIF. Together,
we will help our industry prosper.
The Kentucky Quarter Horse Association is the official affiliate of the
American Quarter Horse Association in
the state. More information about the KyQHA BIF, as well as all the
other programs and activities of the KyQHA,
can be found at the official web site:
www.kyqha.com
______________________________________________________________
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