Stallion Farms

Bought yourself a mare in Lexington this week? Good for you. You have kept the faith. In many cases, that will be because you have seen it all before: you've ridden out bumps in the economy, and eked out value from these stoical and enduring creatures by borrowing their impassive engagement with the patient rhythms of Nature. It's a long game, after all, one that will absorb pandemics and presidential cycles like a passing April shower. But even the longest journey starts with a single step. And many of you...

As we have come to expect, in a trading environment that nowadays owes so much to their boss, it was the guys at Spendthrift who first put their heads over the parapet. This week, anyway. To be fair, the original lead actually came from Chuck Fipke--a match for the unorthodoxy and initiative even of B. Wayne Hughes, and prepared way back in the spring to waive his 2020 stallion fees altogether. Fipke reasoned that his entire pitch was to small breeders, who were already looking down the barrel as the...

In light of recent events impacting global health, perhaps it is time to review two controversial proposals in our industry. The first, seemingly backed by The Jockey Club, is a limit on stallion books. The second, seemingly forever opposed by that same august regulatory body, is some well designed use of artificial insemination. One could reasonably suggest that the two would work best in tandem. Limits on stallion books would, at least in the short term, begin the process of promoting diversity in the thoroughbred gene pool by giving slightly...