Kentucky Quarter Horse Association, Inc.
P.O. Box 23917
[Click Here] to contact the KyQHA Breeders Incentive Fund
FOR IMMEDIATE RELEASE
Kentucky’s Quarter Horse Breeders’ Incentive Fund
Competition Year 2017 Results Announced
(July 15, 2018) – With the total fund showing increases over the last seven consecutive years, it is clear that the Kentucky Quarter Horse Association’s Breeders’ Incentive Fund (BIF) continues to demonstrate healthy opportunities for owners of Kentucky-bred American Quarter Horses wherever they may be showing each, and every, year. Growth in the fund and strong market demand for BIF foals that show or race, and are produced here in the Commonwealth, remain a bright spot for the industry.
When BIF programs were begun in 2006 for all breeds, there were 671 Kentucky-bred horses shown or raced in events sanctioned by the American Quarter Horse Association. Due to the unique and progressive structure of the BIF, Kentucky-bred Quarter Horses that earned AQHA points in 2017 increased to 1,023 in 2017. Demand for quality Kentucky Quarter Horses remains strong nationally because of the program.
Payouts are based upon points earned in American Quarter Horse Association (AQHA) events. The allocation to American Quarter Horses rose for a 7th consecutive year to a total of $275,401 for 2017 events. As an indicator of the ever increasing quality of Kentucky-bred Quarter Horses, the total number of AQHA points earned by those horses that went on to start at an AQHA track or to compete at an AQHA show anywhere in the world, reached 8,293. The average value of a show point for 2017 was up to $40.67, while the average value of a race point was $51.95.
The aim of Kentucky’s Quarter Horse leaders was not to subsidize producers solely for operating in the Commonwealth, as have some other breeds, but rather to reward the buyers of Kentucky-breds for showing or racing successfully. This structure has incentivized such buyers, most of them from other states, to prefer Kentucky-bred Quarter Horses when purchasing their prospects.
Norm Luba, KyQHA BIF Committee Chairman, explained the fundamental reason for the unusually positive impact of the Quarter Horse program:
“Our program has arguably demonstrated the most dramatic successes of all the breed programs written into law in 2005 and it is because of its basic approach. Rather than award the bulk of our funds as prize money or subsidies to existing breeders, the lion’s share of our fund has always been paid directly to all the buyers and exhibitors of our horses, regardless of where they lived, raced or showed. This clearly increases market demand for our product, which has served our industry much better than if we paid the money to predominantly breeders. Breeders breed here, and buyers pay us more, in hopes of earning awards from our BIF. Our economic growth proves that it works.”
In keeping with the established protocol, all data regarding the horses, points earned, award amounts, and other relevant information will be posted on KyQHA’s website for thirty days to allow public review.
The direct link for the race results is available by clicking on: