Tappiano wrote:There is NO INCENTIVE for an owner to KEEP A HORSE IN TRAINING! People whine and kvetch about horses being whisked off to stud and THEY CONTINUE to patronize them which just JUSTIFIES to the farm owner that THEIR BUSINESS MODEL is working! Everyone else can sputter and fail but they will NOT Because they have GUARANTEED INCOME, year after year after year. I further illustrated that by providing numbers, but apparently that seems to have gone over people's heads. I even went further and showed that the majority of the breeders who went to THOSE stallions will or have already lost money. The one who does not lose the money is the stallion farm. Even better, these farms know that they can always sell to South Korea, Japan, India, Turkey and other countries any time they want.
And this just happened? This has been the model for the last 30 years and it has always been worse in Europe Goldikova notwithstanding. Some horses, like Bernardini, were never going to be kept in training past three because they were too bloody valuable. Others were "whisked" off because they had real physical issues whether they were reported or not. Keep a horse in training long enough and they will have physical issues.
The irony of this whole thread is that your position is less true now than 5 years ago because of the economy and the general contraction of breeding. No one is flocking to the unprovens anymore especially once you get past the top handful of new retirees. I'm old enough to remember the 80s when all a horse had to be was an expensive yearling to be guaranteed a stud career. Now some of those same types are gelded and running for $12500. That's not necessarily a bad thing.