foal crop

The topic of the diminishing North American Thoroughbred foal crop (estimated 17,000 for 2026) came up several times during last week's Global Symposium on Racing hosted by the University of Arizona Race Track Industry Program in Tucson. This is often referred to as our industry's "horse shortage" problem. I try to avoid that term in my reporting unless I am directly quoting someone who says it. Instead, the sport has long been dealing with an "owner shortage." Breeders stand ready and willing to start producing more racehorses if only more...

Kentucky Thoroughbred Development Fund (KTDF) registration fees will be going up as of Jan. 1, 2026. The increase is the first since 2022. Registrations for foals will go from $75 to $95; yearling rates from $100 to $140; racing-age rates from $350 to $700. Only Kentucky-sired and Kentucky-foaled horses that are registered with KTDF prior to the close of entries will receive KTDF purse supplements. The registration rates for stallions will stay at current levels, based on a $400-$850 sliding scale related to stud fee, with higher-priced stallions paying the...

For some who breed and race Thoroughbreds, the decreasing foal crop is regarded as a bellwether for a business in decline. Yet, a clear-eyed look that goes beyond numbers--and the efforts to turn them around--offers an important reminder: North American Thoroughbred breeding and racing still has real strengths. But to ensure its future we need strategic, collective action to strengthen the sport and keep it vibrant for generations to come. Industry collaboration is the only path to revitalizing Thoroughbred production.   Understanding the Foal Crop Decline In 1950, arguably the...

Before we can solve the Thoroughbred aftercare problem, we must first define it--and understand its full scope. For this discussion, aftercare refers to the rehoming, retraining, and retiring of Thoroughbreds who: never make it to the racetrack; are not fast enough to race; have finished their racing careers and lost commercial value; can no longer perform as sport horses; or no longer serve useful breeding purposes. When I first began asking industry insiders what it would truly cost to provide lifetime care for all Thoroughbreds that need it, I could...

In its annual Report of Mares Bred (RMBs) released Thursday, The Jockey Club estimates that the 2026 foal crop will be 17,000. That represents a slight decline of 300 from the 2025 crop. The foal crop projection is computed by using RMBs received to date for the 2025 breeding season. RMBs are to be filed by August 1 of each breeding season. The number of mares bred has fallen every year since 2015, when 34,122 mares were bred. Over that ten-year period, the foal crop has dropped by 28%. During...

California-breds have long been a staple of the state's racing product. Since 2014, CA-breds have represented between 45% and 50% of all starters at Thoroughbred race meets. Since the consolidation of racing in the south of the state, that trend has continued. From the start of the Santa Anita winter meeting through mid-March, Cal-breds made up about 47% of all individual starters, which includes both open races and those restricted to northern trainers. But with last year's foal crop (now yearlings) currently sitting at just below 1000 amid a breeding...

In horse racing, performance matters. I am a bloodstock agent and my performance is measured by the winning post. If I don't perform, I no longer have the credibility to earn a living buying racehorses. The Jockey Club was founded "not only to encourage the development of the thoroughbred horse, but to establish racing on such a footing that it may command the interests as well as the confidence and favourable opinion of the public." I moved to Kentucky to work in the horse business in 2000. Since then: The...

Every summer, the New York Thoroughbred Horsemen's Association (NYTHA) takes in a small gaggle of college-age interns--what for many of them proves a baptism of the turf. This year's batch--three Yale undergrads studying economics, electrical engineering and political science--were tasked with a data-driven analysis of the economics of the national horse racing biz over the past 20 years. Harboring no previous relationship with the industry, the three undergrads came in free of prejudice and preconceptions. The result is a 33-page paper weaving piercing and worrying insights into the state of...

It's a long time now, some 40 years or so, since Nelson Bunker Hunt's notorious observation that "a billion dollars isn't what it used to be". Which presumably means that today it's no longer even quite what it was, back when it wasn't what it used to be. After all, we've just seen the dispersal of a single art collection--assembled by the late Paul Allen, co-founder of Microsoft--realize $1.5 billion. Nonetheless it feels as though the transatlantic yearling market, in 2022, has reached a pretty historic landmark in tipping 10...

Coolmore's Sioux Nation topped the charts of the busiest Flat stallions in Britain and Ireland in 2022, with 255 mares covered, just head of Tally-Ho Stud's new recruit Starman (GB) on 254.  Weatherbys' recently published Return of Mares shows that Starman's stable-mate Mehmas (Ire) was sent 249 mares, the same number as Coolmore resident Wootton Bassett (GB), while the most active sire in Britain was Overbury Stud's Ardad (Ire), who covered 205. The only other British-based stallion in the top ten on numbers was the champion sire Frankel (GB), who...

The Jockey Club (TJC) announced Wednesday that breedings in 2021 have resulted in 18,609 live foals of 2022. At this same time last year, The Jockey Club reported that the breedings had resulted in 19,021 live foals, which marks a year-over-year decline of 2.2%. The foal crop has declined every year since 2015 and was at 35,274 as recently as 2008. The Jockey Club estimated that the number of live foals reported so far is 85-90% complete. In total, 1,303 stallions covered 29,065 mares, according to statistics compiled through Oct....

The North American registered Thoroughbred foal crop is projected to be 18,500 in 2023, The Jockey Club (TJC) reported Friday morning. This is 200 fewer foals than last year's estimate of 18,700 and represents the seventh straight year of decline. The last time numbers like this were seen was in 1965, when the foal crop was 18,846. The high-water mark of 51,296 was reached in 1986. The crop has declined every year since then with the exception of 2015. Additional foal crop information is available in TJC's online fact book....