3 Kentucky horse farms are difficult a rule aimed toward restricting the collection of mares a thoroughbred stallion breeds every yr
LEXINGTON, Ky. — 3 outstanding Kentucky horse farms challenged a rule Tuesday aimed toward restricting the collection of mares that a thoroughbred stallion breeds every yr, calling it an anti-competitive restriction that threatens to disrupt the breeding trade.
The farms filed a federal lawsuit in Kentucky that takes purpose on the “stallion cap” followed via The Jockey Membership within the spring of 2020. The rule of thumb successfully restricts thoroughbred stallions from breeding with greater than 140 mares every yr, the swimsuit stated.
The swimsuit warns of the guideline’s deep ripple results in Kentucky and past within the extremely aggressive, high-dollar thoroughbred trade.
Because of the guideline, The Jockey Membership may not sign up foals that don’t seem to be made from breeding periods with the ones first 140 broodmares, the swimsuit stated. That loss of registration ”totally devalues” a thoroughbred as it can not compete in races or breed with different racehorses, it stated.
“In consequence, the best quality thoroughbred horses can be bred much less instances than marketplace economics would another way dictate,” the swimsuit stated. “Masses of hundreds of thousands of greenbacks of stud price revenues can be impacted; all homeowners of mares can pay upper costs to reproduce their mares; and not more well-connected homeowners of mares can be precluded totally from get right of entry to to prime quality stallions.”
The rule of thumb additionally dangers undermining the worth of thoroughbreds within the U.S. and may power the most efficient stallions to nations with out a such breeding cap, the farms stated.
The swimsuit was once filed via 3 of Kentucky’s largest stud farms — Spendthrift Farm, Ashford Stud and 3 Chimneys Farm. Defendants are The Jockey Membership and bosses with the Kentucky Horse Racing Fee. The swimsuit claims the fee unlawfully delegated energy to The Jockey Membership and contends the guideline violates the state and federal constitutions in addition to antitrust rules.
The Jockey Membership declined to remark, and the state racing fee didn’t be offering quick remark.
B. Wayne Hughes of Spendthrift Farm stated in a unencumber that the stallion cap quantities to a “blatant abuse of energy this is dangerous regulation, dangerous science and dangerous industry.”
The plaintiffs stated there may be “no medical foundation” to toughen The Jockey Membership’s argument that the guideline alternate was once important for the well being of the thoroughbred breed or to advertise genetic range.
40-two stallions within the 2020 breeding season have been bred to greater than 140 mares, they stated. The cap way extra call for will transfer directly to much less commercially interesting stallions, making it harder for breeders to be winning, they stated.
If the guideline have been implemented in 2019, the breedings of 43 stallions would were limited and tens of hundreds of thousands of greenbacks in stud price revenues would were affected, the swimsuit stated.
In 2019, public sale gross sales of thoroughbred horses within the U.S. totaled greater than $1.075 billion, the swimsuit says. At the breeding facet, kind of 20,000 thoroughbred foals are born yearly in North The us, it stated.