Local Minnesotan breeder Dave Astar relayed to the Star-Tribune that the state's Thoroughbred breeding industry is not set up to be profitable, despite the bonuses paid by the breeders' fund and Canterbury Park's purse-enhancement agreement. He reduced the number of mares he bred from eight down to one in 2017.
“Your cost is going to run $23,000 if you breed and try to sell, and it's about $40,000 if you want to run that horse at 2 years old,'' Astar estimated. “And what do you get? You average $10,000 if you sell it. And if you race, the average state-bred horse in Minnesota has lifetime earnings of $20,000 to $25,000.
“I love Minnesota, I love racing and I love breeding. But you can't do much more with it here. Because of the economic conditions, we're minimizing our footprint in the state.''
Other breeders have been following suit. Though the state's smallest foal crop of 96 was in 2012, and the purse-enhancement agreement bumped that number up to 296 the following year, the overall statistics are still not on pace with those of the early 2000s.
Read more at the Star-Tribune.
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