Spendthrift Farm is introducing its popular “Breed Secure” program to New York breeders in 2013 through its New York-based stallion Dublin, who's set to stand his second season at Keane Stud.
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 Kentucky-based stallions.
“Owning the stallions outright gives us the flexibility to offer unique, breeder-friendly deals that puts Spendthrift and the breeder on a level playing field,” said B. Wayne Hughes, owner of Spendthrift Farm. “It's really simple: we don't make money unless the breeder can make a profit that will justify paying the cost of the stud fee. If breeders are willing to support young and unproven Spendthrift stallions in good faith, I think it's only right to return the favor and relieve breeders of the risk taken on by their patronage. We want breeders to believe in our product as much as we do. The program has been very well-received in Kentucky, and we hope the breeders of New York will be equally as enthusiastic.”
The Breed Secure program offers breeders a guarantee of a profit to those who wish to sell the resulting in-foal mare, weanling or yearling at public auction before any stud fee is owed. Among the stallions that have been enrolled in the program is rising freshman sire Into Mischief.
“We are already seeing the program work mutually for Spendthrift and the breeders,” said Ken Wilkins, Spendthrift's stallion director. “Breeders who supported Into Mischief in 2012 are now close to having a foal by arguably the hottest freshman sire in North America. That puts these breeders in a good position to enter the market with a product that is likely to be in demand, and do so with no burden of the stud fee as a risk.”
Dublin, winner of the Hopeful S. (G1) at Saratoga as a 2-year-old, bred 102 mares from his introductory book at stud in 2012, and will have first foals in 2012. He stands at Keane Stud in Amenia, NY for a fee of $7,500 stands and nurses.
To learn more about Spendthrift's Share the Upside program and how it works, please contact Spendthrift Farm.