Mare share

[st. louis kid]

Can I get some input from out there about your experiences or knowledge of mare shares with Ky. or Florida farms. Who is most open to deals, etc. Thanks.

[LB]

By mare shares, do you mean you supply the mare, the stud provides the stallion, and you share the foal (what I would call a foal share)? Or are you talking about something different?

[st. louis kid]

I supply the mare, farm supplies the stud, we sell the mare in foal at say Keeneland Nov., split the proceeds. I pay for the board and care up until this point. Had some friends that did this with Lanes End a few years ago. Any one else know some info. on this type of deal.

[cewright]

Walmac is heavily advertising something like you are looking for.
http://www.thoroughbredtimes.com/breedi ... -Plan.aspx

[LB]

I supply the mare, farm supplies the stud, we sell the mare in foal at say Keeneland Nov., split the proceeds. I pay for the board and care up until this point.

I'm still trying to understand your model...since you're willing to split proceeds with the stallion owner (while also paying expenses yourself) does that mean that you're looking to breed the mare to a horse whose stud fee is higher than the mare's value? Or are you not talking about a 50/50 split?

Just something to keep in mind when you're researching deals: at the recent November sale, there were many, many, mares sold for stud fee or below. It's a difficult time to try and make a profit on a mare.

[griff]

Why not ask your friends that made the deal with lanes end

griff

[Danzig]

St. Louis - Frank Taylor at Taylor Made would be a good individual to contact. However, all expenses on such an arrangement are generally split 50/50.

[KBEquine]

Walmac is heavily advertising something like you are looking for.
http://www.thoroughbredtimes.com/breedi ... -Plan.aspx

Actually, they are looking only at proceeds from weanling or yearling sales in their economic stimulus plan, not in-foal mare sales - you need to keep the mare & foal her out to get anything out of the deal, and that assumes the mare sells above whatever you paid for the stud fee.

They wouldn't even let me keep a live foal guarantee if I put a mare through a sale & she didn't make her reserve, unless I paid the stud fee up front. I don't think this year's plan helps folks who might want to sell the mare in foal.

[st. louis kid]

The people I know made a deal with Lanes End a few years ago, bred to Pleasantly Perfect, mare was probably worth 30,000, they were going to split the proceeds from the sale of her. People later decided to keep the mare, and Lanes End let them just pay the $40,000 stud fee. The yearling sold later for $75,000.
LB, in these tough times, I guess I'm trying to be creative and find ways to make a profit. Don't think it is viable for a valuable mare. Look to buy underpriced mares with good value say in the 15,000 range, and breed to a stud with a similar fee. Talked to a guy from La. once who said he did this a lot a few years ago, he said that the farms would let him bid on the mare at the sale, so he could buy her back if she say was only being bid to say $20,000. He was then basically getting the stud fee at a discount. These are tough times for some farms also I would think. Expecting matings to be reduced this spring. If I can take a 10,000 mare and find a farm to mare share with a 25,000 stud, might be a good deal for all involved. If it is not a full book, they still make money they would not have been. Thanks for the advice Danzig.

[KMO_racing]

A few years ago I did a mare share. The way it worked was you must sell the mare for whatever she brings, NO RESERVE! But you als o have the right to bid on her. The split was 60% me 40% farm. I paid all expenses on boarding and shipping and sales prep, we split expenses when she hit the sale grounds.

I bought her back foe 6K I believe and then sold her for 15K a month later. It was a win for me cuse I didn't owe the stud fee.