Take a shufti at any sales catalogue, and you may be surprised by how many of the offerings' dams were unraced - I reckoned a good third from Goff's last year, where I picked up the unraced DANETIME - quite possibly a higher ratio than that.
Some quotes from the current issue of Owner & Breeder on the subject we're discussing:
Paul Thorman (Trickledown Stud, breeder and consignor): I've advocated not so much the reduction in the fee but the reduction in the number they (stallions) cover. That is the important thing. The mathematics are the same, whether you get 150 x £10,000 or 100 x £15,000. The total remains the same and we would do a lot more good to the industry to reduce supply than increase demand by lowering the fees. Dropping fees wholesale is too easy an answer.
Brian O'Rourke (National Stud): The market will dictate to stallion owners which fees need to come down. We will take all the data from the yearling sales and decide on our stallions. In the US the market collapsed - there it will also depend on individual stallions, but overall they will need a greater readjustment.
Grant Pritchard-Gordon: It's not so much a question of 'should stallion fees come down?' It's more that breeders will look at their returns from the yearlings they have produced and see how much they have or haven't made. Then they will look at the stallion prices and if the prices are too high, they won't go back to those stallions. The stallion masters could pre-empt the situation and lower the prices. But it's driven by mare owners. They are not forced to go anywhere. It's all about market forces.
Jim Bolger: I'm a believer that water finds its own level. The market will dictate the fees but it will not be upwards. The drop will be significant.
Chris Harper: It all depends on supply and demand. OASIS DREAM won't come down; I wouldn't be surprised if he doubled. The ones that aren't in demand will have to come down or they won't get any mares.
Some interesting thoughts, but I personally tilt towards Paul Thorman's views - you can cut the stallions all you want, but all that may result in is loads more crappy mares visiting them for the BOGOF-type fees, and producing even more rubbish for future years. That isn't the answer. The answer is getting shot of the poor stallions as well as strongly restricting the number of mares the better ones' owners accept - and preferably not just by the numbers, either, but by their quality. The recession has presented the ideal time to make healthy changes for the good of the TB and racing in general - but I suspect that greed will be king. Every man and stallion for himself, and to hell with the objective view.
Some quotes from the current issue of Owner & Breeder on the subject we're discussing:
Paul Thorman (Trickledown Stud, breeder and consignor): I've advocated not so much the reduction in the fee but the reduction in the number they (stallions) cover. That is the important thing. The mathematics are the same, whether you get 150 x £10,000 or 100 x £15,000. The total remains the same and we would do a lot more good to the industry to reduce supply than increase demand by lowering the fees. Dropping fees wholesale is too easy an answer.
Brian O'Rourke (National Stud): The market will dictate to stallion owners which fees need to come down. We will take all the data from the yearling sales and decide on our stallions. In the US the market collapsed - there it will also depend on individual stallions, but overall they will need a greater readjustment.
Grant Pritchard-Gordon: It's not so much a question of 'should stallion fees come down?' It's more that breeders will look at their returns from the yearlings they have produced and see how much they have or haven't made. Then they will look at the stallion prices and if the prices are too high, they won't go back to those stallions. The stallion masters could pre-empt the situation and lower the prices. But it's driven by mare owners. They are not forced to go anywhere. It's all about market forces.
Jim Bolger: I'm a believer that water finds its own level. The market will dictate the fees but it will not be upwards. The drop will be significant.
Chris Harper: It all depends on supply and demand. OASIS DREAM won't come down; I wouldn't be surprised if he doubled. The ones that aren't in demand will have to come down or they won't get any mares.
Some interesting thoughts, but I personally tilt towards Paul Thorman's views - you can cut the stallions all you want, but all that may result in is loads more crappy mares visiting them for the BOGOF-type fees, and producing even more rubbish for future years. That isn't the answer. The answer is getting shot of the poor stallions as well as strongly restricting the number of mares the better ones' owners accept - and preferably not just by the numbers, either, but by their quality. The recession has presented the ideal time to make healthy changes for the good of the TB and racing in general - but I suspect that greed will be king. Every man and stallion for himself, and to hell with the objective view.
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