Economic Development

Enhancement of Economic Development of the Quarter Horse Breed in Kentucky

Simply stated, the goal of the KYQHA BIF is to create significantly higher demand for Kentucky-bred Quarter Horses, hence higher prices for the breeders. This will drive economic activity.

The KYQHA BIF will promote the breeding of quality horses that are capable of competing in open competition anywhere in the world. Because the requisite achievements, whether performance or racing, can be made in any state/province/country, not just Kentucky, the maximum incentive impact will be achieved. This approach correctly addresses the debate over "restricted" programs and captures the objectives of a true incentive program.

Rather than require the policing of residency, the preferred approach is to require that the stallions stand in Kentucky, and that mares are both covered/inseminated and also foal in Kentucky. This promotes additional, and significant, economic activity in the Commonwealth of Kentucky.

Kentucky breeders will benefit as a result of the fact that in order to qualify for the KYQHA BIF, horses will be designated as "Kentucky-bred." This designation will be available to those residents of Kentucky that are owners of the Quarter Horse mares at the time of conception. Thus, Kentucky breeders will have a competitive advantage in that horses they produce will be KYQHA BIF eligible.

The KYQHA BIF will also encourage more ownership of Quarter Horse stallions by Kentucky residents, as well as encourage non-residents of Kentucky to consider standing more stallions in our Commonwealth. This is encouraged and accomplished by paying 10% of KYQHA BIF available dollars to stallion owners if the stallion stands the entire breeding season in Kentucky. This further drives economic activity associated with Quarter Horse breeding endeavors.

Sales prices would eventually reflect that buyers would adopt the conviction that, all things equal, Kentucky Quarter Horses are worth more. Kentucky residents would benefit from the higher sale prices, thus invest in higher quality breeding stock. The cycle would repeat with the eventual result being even higher demand for Kentucky-bred Quarter Horses.