Spendthrift Farm is introducing its popular “Breed Secure” program to Canadian breeders in 2013 through its Canada-based, Grade 1-winning stallions Court Vision and Victor’s Cry, who are both standing their second season at Park Stud in Ontario.
The Breed Secure program was launched two years ago to relieve commercial breeders of the risk of paying stud fees on some of Spendthrift's young stallions, and the program was recently expanded to 10 of Spendthrift’s Kentucky-based stallions, as well as in New York with Dublin and Louisiana with My Pal Charlie. Now Canadian breeders will be able to take advantage of the program.
“The bottom line is that breeders deserve a better deal, and Breed Secure is one of the programs Spendthrift has to help level the playing field between the breeder and stallion owner,” said B. Wayne Hughes, owner of Spendthrift Farm. “We’re pleased about how well-received it’s been by breeders, and we look forward to offering it to Canadian breeders with two young stallions we’re very excited about.”
The Breed Secure program works like this: The breeder has the freedom to choose the sale of the resulting offspring, either as a weanling or a yearling at public auction. Upon sale, the breeder gets the first proceeds up to $6,000 for a weanling, or $12,000 for a yearling. Any dollars after those amounts would go towards paying back the stud fee, and once the stud fee is paid back the breeder gets to keep the balance. Any shortcomings are completely forgiven if the sale doesn’t meet the minimum for Spendthrift to receive any proceeds, and Spendthrift is only entitled to receiving a maximum of the full amount of the stud fee and nothing more.
“I believe it’s a far superior alternative to foal sharing, and maybe it will eventually replace foal sharing in the industry,” said Hughes. “Breed Secure allows commercial breeders to breed a mare to a stallion of their choice without having any risk as it relates to the stud fee. When that breeder takes his or her weanling or yearling to sale, if he or she doesn’t make a reasonable profit then not a dime of the stud fee will be owed to Spendthrift. Hopefully there is a tremendous profit made at sale, and when that happens, he or she would only be responsible for paying back the stud fee and not a dime more.”
For more information on the Breed Secure program and how it could benefit your commercial breeding program, please contact Ken Wilkins at 888-816-8787 or 859-699-4887, or Park Stud at 519-941-3944.