2006 Race Award Winners
American
Quarter Horse Association
FOR IMMEDIATE RELEASE
Kentucky Quarter Horse Breeders' Incentive Fund Continues to Rank Among Nation's Most Effective
(August 1, 2011) - A record total of 2010 award recipients indicates that the Kentucky Quarter Horse Association Breeders' Incentive Fund (KyQHA BIF) continues to rank among the nation's most effective horse-breeder development programs. The announcement of payouts by the KyQHA for the last completed year of competition revealed that more than 700 owners and nominators of foals and stallions were eligible for checks resulting from official AQHA points earned by successfully shown or raced Kentucky-breds during 2010.
"The demand for Kentucky-bred Quarter Horses has gone up year by year," said Cheryllee Sargent, KyQHA President, "and that is in spite of a severely depressed economy. We need to consider that when our program began in 2006, there were only 671 Kentucky-bred horses in the entire world that year even entered in a race or a show, let along earned points for sustained success. Our Association is proud of the fact that our Fund has been able to fulfill the intent of the Legislature; namely, to stimulate real economic activity."
Payouts are based upon points earned in any race or show sanctioned by the American Quarter Horse Association (AQHA). Because these points are calculated differently, two pools are created - one for show and one for race - so that the funds will average the same for all the horses competing in each category. The pools are then divided by the number of points earned. For 2010, the value of every AQHA point for showing worked out to be $67.73 while the value of every AQHA point for racing worked out to be $61.50.
Norm Luba, KyQHA BIF Committee chairman, pointed out that a challenge for the BIF has been that the decline in stallion services due to the poor economy has reduced the amount of money available for the Fund. "The increased number of points earned, combined with the decrease in the number of dollars available, have prevented us from having even greater impact," he said. "Our best year was 2007 when there was $446,629 available for Quarter Horses. For 2010, the total was $223,412, which is about as close to 50% as it's possible to get."
The list of award winners can be viewed on the website of the Kentucky Quarter Horse Association at www.kyqha.com. In keeping with the protocol established over previous years, information regarding the horses, the points earned, the award amounts, etc., will be posted on KyQHA's website for no less than thirty days to enable public review. There is an automated response mechanism available for comments.
"An exhaustive review has been accomplished prior to the posting of these results, and with tens of thousands of additional eyes now reviewing the data, any known or suspected improprieties, as well as any inaccuracies concerning the posted winners, can be reported to the KyQHA easily and anonymously," stated Terry Barrow, KyQHA Vice President and member of the KyQHA BIF Committee.
Comments can also be made by calling toll-free (888) 367-5742 and leaving a message on the BIF Fraud Hotline (option #2). All records receiving an "inquiry" are highlighted in red on the website so that interested parties can closely examine them. They will remain highlighted until follow-up investigations are completed. Payouts will be reported to the Kentucky Horse Racing Commission after the comment period ends. Any new investigations that may result during the comment period will not delay the scheduled award payouts for other participants.
Award winners must be current year (2010) AQHA and KyQHA members. Those winners that are not members will be notified via regular mail as well as highlighted in yellow on the web site so that their memberships can be updated.
The Kentucky Quarter Horse Association is the official affiliate of the American Quarter Horse Association. More information about the KyQHA BIF, membership forms, as well as other programs of the KyQHA can be found by visiting the web site at: www.kyqha.com.