Posts Tagged ‘horse industry’
Wednesday, December 3rd, 2008
By Ray Paulick
“How do you corral 30,000 horses, having taken them off the range where they lived, and just say ‘night night’?” asked Madeleine Pickens, the animal-loving wife of billionaire T. Boone Pickens and better known in Thoroughbred racing circles as the former Madeleine Paulson, who with her late husband, Allen Paulson, developed one of the most successful Thoroughbred breeding and racing operations of the 1980s and ‘90s. Allen Paulson died in 2000, and she remarried in 2005.
In recent years, Madeleine Pickens has spent sleepless nights agonizing over the plight of the American West’s wild mustangs, which have been rounded up and held in pens in increasing numbers over the last eight years by cowboys hired by the federal government’s Bureau of Land Management after complaints from cattlemen that the horses were depleting grazing areas. As federal funding for the wild horses was squeezed and the number of people interested in adopting them declined, BLM officials were faced with an unpleasant option: allow the horses to be sent to slaughterhouses or perform mass euthanasia.
The story of these wild horses – “America’s animal” she calls them – hit Madeleine Pickens’ radar screen at a time when she was putting considerable personal resources of time and money into efforts to end the slaughter of all horses. She studied the issue, then hired a polling company to gauge public opinion on the slaughter of horses for human consumption, finding out that seven in 10 Americans oppose the practice. She then paid for anti-slaughter advertisements in the New York Times, lobbied members of Congress and worked with other groups and individuals. Ultimately, however, those efforts ended in frustration because, she said, the pro-slaughter lobby, assisted by the cattle industry, was simply too entrenched with Washington, D.C., powerbrokers. Anti-slaughter bills passed by the U.S House of Representatives were stopped in the Senate. And she was outraged that so many Thoroughbred industry leaders failed to help.
“I would lay in bed, crying, and say, ‘How can we stop this? What can I do?” she told the Paulick Report. “I’m not a religious person, but a spiritual one, and I swear to God that I prayed for an answer.”
One night, she said, the answer came to her. “Why not buy a ranch and give every horse a home?”
Pickens’ plan for a horse sanctuary would be similar to how cattlemen got access to millions of acres of federal land, she said. “This is how the cattlemen got going,” she said. “They got the BLM land attached to their ranches with sweetheart deals. They pay a very low lease for it, and most aren’t even using the land now.”
Pickens has a private foundation in the formative stages, a key to which will be tax credits for donors, she told the Washington Post. She met with Senate Majority Leader Harry Reid of Nevada, where half of the wild horses are held. Pickens isn’t prepared to say how much she needs to raise for an endowment to make the plan work, but she is confident she will be able to make it happen. She envisions corporate sponsors, campgrounds and cabins for tourists to come and observe the horses. “There is so much support for this right now,” she said. “It’s amazing the number of calls and emails I’ve received from people who want to help or go to work there.” (Click here to see the official Madeleine Pickens Web site.)
She estimated that she will need upwards of a million acres, and is currently in negotiations on three different properties. She took her plan to BLM officials, who leaked the story to the Washington Post, prematurely, in her opinion. “The story got out way too early while I’m working on the land deal,” she said. “The land people may suddenly say, ‘Ohhh, deep pockets,’ and become unreasonable. I’m trying to be responsible and do the right thing here. I’m very confident that next year this whole thing will be in place.”
Pickens said she felt like someone who’s been trying to walk through quicksand the last couple of years and can’t seem to get out of it. “Nothing was happening, and you can’t believe the idiocy of it all,” she said. “Why do people not get it?”
She grew weary of trying to work for a solution in Congress. “The people in the racehorse industry weren’t on board and we had all those cattlemen against us,” Pickens said. “We really couldn’t win. I give the people who have been fighting this for so long a lot of credit.
“I think this will work because I came up with a private-sector solution rather than trying to put a bill through Washington where politicians could have their way and destroy it. When the bureaucrats do it, it costs too much and doesn’t work. With private individuals, you’re not indebted to every group or compromised by lobbyists.”
Her proposal has been widely applauded, within the BLM and the general public. While her husband, a well-known corporate raider, oilman and philanthropist, has been a highly visible proponent for a plan to make America energy independent, Madeleine Pickens became an overnight celebrity because of her desire to save the horses. The week her plan went public, ABC’s World News Tonight named her “Person of the Week.” Some outside of the horse business remembered her as the heroine (pictured, left) who rescued hundreds of abandoned cats and dogs in New Orleans following Hurricane Katrina.
“I knew people cared, but I was somewhat stunned at the way this story took off like a wildfire,” she said. “It surprised me, but it really shouldn’t have."
A PLACE FOR EX-RACEHORSES, TOO
Pickens said the ranch will not just be a refuge for wild horses. She wants it to be all inclusive for different breeds, and especially ex-Thoroughbred racehorses that often end up unwanted or sold to killer-buyers who send them off for slaughter in Canada or Mexico. There are no remaining horse slaughterhouses in the United States.
“We’re going to have enough land where I don’t know how we can say no to anything,” she said. “It won’t happen overnight. But I want to give the Thoroughbred industry an opportunity to do something here, and to make people feel that they are being responsible for the animals in their sport. I’m going to ask the industry for their support. It’s going to be difficult for the racing industry to change their way of thinking. With this, I hope they can say they have an exit strategy for their horses.”
Pickens is still angry over the National Thoroughbred Racing Association’s refusal to support recent anti-slaughter legislation in Congress. She was one of a large number of major industry participants to sign a letter written by owner-breeder Josephine Abercrombie to members of Congress stating their support of anti-slaughter legislation and their disapproval of the NTRA’s position. “The NTRA had to compromise themselves with Goodlatte (Virginia Rep. Bob Goodlatte, former chairman of the House Agriculture Committee and now ranking member), who has helped them with gambling legislation but has close ties to the cattle industry,” she said. “By getting behind my proposal, they won’t have to worry about the threat of someone like Goodlatte.”
The Jockey Club is another group that has disappointed Pickens. “They register 35,000 horses a year and they say those horses are worth millions and millions of dollars,” she said. “And they come up with some plan where people can give a few dollars when they register a foal and the Jockey Club says they’ll match up to $200,000 a year. This is the same old b.s. — $200,000 is a peanut. How dare they say this is all they’re going to put into a retirement fund for all the horses who don’t make it. It’s all part of what makes the system not work.
“In every business it’s leadership, and we’ve had horrible leadership in racing. Will Farish (vice chairman of the Jockey Club and owner of Lane’s End Farm, where Pickens retired Grade I winner Rock Hard Ten to stud) can be a good guy. He’s head of this and head of that, and people look up to him. But here’s a man who won’t go against slaughter. Why? Is it because he’s from Houston, where so many of the cattlemen are from?”
Pickens, who said she has withdrawn from the racing business largely because of its inaction on this issue, said she thinks the Thoroughbred industry can learn a great deal from how her proposal has been embraced by the public.
“Racing people can learn that they have a chance to endear the public to them,” she said. “They get a few gamblers here and there, but they are in trouble because they seem to have lost sight of the animal who is the athlete. They have too many fatalities and too many injuries that happen in public on national television. When that happens, it exposes the fact they have no exit strategy for the horses.
“Again, there is no leadership. Those who have been in it for a long time have done nothing to endear people to the business. Now they have an opportunity like the BLM has to try and resolve one of their problems.”
I asked Pickens why she is doing all this, what is driving her to take on a project so big?
She told me of how she emigrated to the United States from Iraq in 1969 because she wanted “to come to a new world and do something with my new country.”
But then she confessed to another reason, something that haunted her when she first learned about the horrors of slaughter: “Maybe it’s because I’m ashamed that I was in the industry for years and never knew there was a slaughterhouse for so many horses at the end of the day. I’m so ashamed I never knew. And people who know about it and aren’t doing anything, they should be ashamed, too.”
Copyright © 2008, The Paulick Report
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Tags: abc world news tonight, anti-slaughter legislation, blm, bob goodlatte, bureau of land management, harry reid, horse industry, Horse Racing, horse slaughter, Horse Welfare, hurricane katrina, hurricane katrina pet rescue, Jockey Club, Josephine Abercrombie, Lane's End, madeleine paulson, madeleine pickens, National Thoroughbred Racing Association, NTRA, Paulick Report, person of the week, pickens, pickens plan, pro-slaughter, Ray Paulick, rock hard ten, saving wild horses, t. boone pickens, Thoroughbred industry, thoroughbred retirement, wild horse ranch, wild horse refuge, wild horses, wild mustangs, Will Farish, William S. Farish Posted in Horse Slaughter, Horse Welfare, Jockey Club, National Thoroughbred Racing Association, People | 24 Comments »
Thursday, November 27th, 2008
By Ray Paulick
I always subscribed to the theory that you can’t tell a book by its cover. For that reason, I was always impressed but never really that surprised when one of the grumpiest people I’ve ever had the pleasure to work with also turned out to be one of the most charitably minded.
Today, on this day of giving thanks, instead of focusing on an equine charity, the Paulick Report is writing about someone in the equine industry who has been a tireless champion for a charity that anyone who’s ever heard ringing bells outside of a grocery store is familiar with: the Salvation Army.
I first met Ron Mitchell when we were colleagues at the Thoroughbred Times in 1988. Ron was all business, someone who learned the ins and outs of the horse world working at a bloodstock agency before entering the journalism profession. Like many journalists working at trade publications, Ron always seemed to know more about a story than he could write. Maybe that’s why he always seemed so grumpy!
I left the Times in 1991 to work for the startup daily paper, The Racing Times, and Ron shifted his notebook to the Bloodhorse magazine shortly thereafter. We were reunited in 1992 when I was named chief editor of the latter publication.
During my 15 years there, Ron had his responsibilities shifted at various times. He always accepted each new challenge with the same stern face and gruff attitude, then dove into his position with great dedication and a sense of pride and ownership for what he was doing.
It’s that same sense of pride, combined with a belief in social responsibility toward his community, that has driven Ron (pictured, Vickie Mitchell photo) to stand outside a Lexington, Ky., grocery store hours at a time several days a week during the holiday season over the last 15 years, ringing a bell and encouraging people to donate to the Salvation Army kettle. He says he does it because it’s always been a great source of news tips from people in the Thoroughbred industry who shop at the Kroger grocery store in his Chevy Chase neighborhood. But I’ve never believed that.
Just as his career in journalism has been transformed from manual typewriters to laptops and a black and white newsweekly tabloid to a 24/7 Internet site, Ron’s methodology for raising money for the Salvation Army has gone digital.
You’ll still find him at the Kroger on Euclid Avenue, where he’s been the “Curlin” of bell ringers – earning more money for the Salvation Army than anyone else in Central Kentucky. But Ron’s going the social networking route with his efforts to help those less fortunate, and has established a fund-raising page online. Donors can designate where their funds go: to the Salvation Army in Lexington, or to one in a city or neighborhood of your choice.
Be assured that your generous donations will be put to good use. As Ron said of the Salvation Army: “I did extensive research on charities and concluded that the SA does the most with the least. They do not fritter away their money on high-paid executives and they have a program that emphasizes assisting their clients with personal self-improvement and trying to get them back on their feet. The SA is not a ‘handout’ organization. Although they are not considered an ‘equine charity,’ many current and former workers within the Bluegrass horse industry utilize the many services offered by the SA."
If you can’t make it to Ron’s Kroger in Lexington, consider a donation to your local Salvation Army bell ringer. Better yet, go online to Ron Mitchell’s personal Salvation Army fundraising page and click on Ron’s "Donate to My Kettle" button to make a donation there.
You might even coax a rare smile out of him!
The Paulick Report will spotlight a different charity each day of Thanksgiving week, when we traditionally take time to reflect and give thanks to the blessings we have and to help those less fortunate. This is a difficult time for many Americans, and charitable organizations are feeling the effects of the global economic crisis. We hope you’ll spend a few minutes to learn about some of the charities that make us a better industry, and consider giving to these or to others that we won’t have the opportunity to publicize. Remember that no gift is too small.
Copyright © 2008, The Paulick Report
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Tags: bell ringer, bloodhorse, Curlin, equine charities, horse industry, Horse Racing, horse racing jouranlists, kroger, lexington kentucky salvation army, Paulick Report, racing times, Ray Paulick, ron mitchell, salvation army, thoroughbred times Posted in Industry Organizations, People | 3 Comments »
Tuesday, November 4th, 2008
By Ray Paulick
Bloodstock prices continued their downward spiral on Tuesday during the second session of the Keeneland November breeding stock sale, and after two days total receipts are down almost 50% from one year ago and are the lowest in years.
The Lexington, Ky., sale company reported there were 150 horses sold on Tuesday for $42,006,000, a decline in revenue of 39% from the $69,435,000 gross in 2007. The average of $280,040 was a decline of 25% from $373,306 recorded last year, and the median fell by 27.3%, from $220,000 to $160,000. Tuesday’s buy-back rate was 34.2%, down from Monday’s 38.2% but still extremely high and an indication of how soft this market is.
Cumulative figures are worse, in part because last year’s opening session set an all-time record for gross revenue. After two days, Keeneland has sold 299 horses for $90,027,000, down 49.6% from a year ago when 380 horses brought $178.489,000 the first two days. The two-day average of $301,094 is a 35.9% drop from $469,734 in 2007, and the median fell by 32%, from $250,000 to $170,000. A higher number of horses, 315, were withdrawn from the catalogue (145) during the first two sessions or bought back by consignors (170), than the 299 that were sold. The aggregate buy-back rate is 36.2%.
Keeneland November Cumulative Prices for First Two Sessions:
2002-08
| Year |
Sold |
Revenue |
Average |
Median |
|
2008
|
299
|
$90,027,000
|
$301,094
|
$170,000
|
|
2007
|
380
|
$178,489,000
|
$469,734
|
$250,000
|
|
2006
|
342
|
$149,675,000
|
$437,646
|
$275,000
|
|
2005
|
372
|
$157,438,000
|
$423,220
|
$270,000
|
|
2004
|
424
|
$162,463,500
|
$383,169
|
$200,000
|
|
2003
|
366
|
$140,093,000
|
$382,768
|
$190,000
|
|
2002
|
368
|
$111,859,500
|
$303,966
|
$167,500
|
The top lot to sell in the early stages was Hip 374, J Z Warrior, which agent Olin Gentry purchased for $1,125,000 on behalf of an unnamed female client from Washington state. J Z Warrior was the first racehorse or broodmare prospect to sell from the Zayat Stables consignment being handled by Eaton Sales. J Z Warrior is a 3-year-old stakes-winning filly by Harlan’s Holiday.
Half Queen, a 12-year-old Deputy Minister mare in foal to Distorted Humor, brought a higher hammer price of $1,650,000, but she was bought back by her owner. Hagyard Farm, agent, consigned the mare, who produced 2003 champion 2-year-old filly Halfbridled.
The mood of the sale is anything but upbeat. Asked about the health of the market, one agent standing near the outside ring behind the sale pavilion pointed in the direction of a near empty viewing area. “That should tell you a lot right there,” he said. “There’s not many people here.”
However, another prominent commercial breeder said the prices represent a much-needed correction in a market that has been inflated in recent years by newcomers to the breeding industry. “Prices have been so out of whack for mares in recent years because of the presence of outfits like ClassicStar and a number of billionaires from other industries who decided to get into the breeding industry," he said. "They drove up mare prices to the point that they couldn’t possibly make money selling yearlings out of those mares, and that made it much more difficult for us. I think it’s a healthy change for commercial breeders who are in this for the long haul.”
One agent commented that he heard a rumor that as many as 20% of the horses being sold are “owned by banks.” A representative of one major lending institution said his bank had liens or interests in about 325 of the horses being sold. “There are a lot of horses in here where the money will go straight to the bank,” he said, adding it wasn’t that unusual an occurrence.
“There is still money out there to be borrowed,” he said in reference to the recent crisis in the banking industry and financial markets that resulted from the sub-prime mortgage fiasco in the real estate world. “The banks might be tightening the amount they’re willing to loan on a horse, maybe only 40% of its appraised value versus the 50% that had previously been the standard.”
The session was topped by the $2.4 million Mushta, a racing filly from the Zayat Stables consigned by Eaton Sales, agent. Fran Abbott signed a ticket to buy the 3-year-old graded stakes winner on behalf of Betty Moran’s Brushwood Stable, The Empire Maker filly will continue to race under the care of trainer Bill Mott. Mushka, whose dam, Sluice, is a half sister to multiple grade I winner Lakeway. Mushta won the Grade 2 Demoiselle Stakes at Aqueduct last year. Zayat purchased Mushka for $1.6 million as a yearling at the 2006 Fasig-Tipton Saratoga sale.
Mushta was one of seven horses purchased for $1 million or more on Tuesday, compared with 11 during last year’s second session. The cumulative number of seven-figure purchases is 18, less than half of the 39 sold at this point in 2007.
"There’s no depth here," said one horseman. "The best mares are still selling, but below that top level it’s not good. And there’s virtually no market for older mares right now."
“There was more uniformity to today’s session; it was more comparable to the Tuesday session last year," Geoffrey Russell, Keeneland’s director of sales, said in a press release. "We saw active bidding from a wide range of people and countries,” he added, noting that the market continued to place a premium on quality young race fillies.
Click here to see results and a summary of leading buyers and consignors.
Copyright © 2008, The Paulick Report
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Tags: adena springs, ahmed zayat, betty moran, brushwood stable, fran abbott, Frank Stronach, horse industry, horse industry slump, j z warrior, Keeneland, keeneland november, keeneland november breeding stock sale, keeneland november sale, leonard riggio, my meadowview, Paulick Report, Ray Paulick, zayat stables Posted in Keeneland, Thoroughbred Auctions, Thoroughbred Business | Comments Off
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