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Bluebloods : NZ Sires Preview June 2010
June 2010 16 NEW ZEALAND SIRES PREVIEW THE most successful business people are usually those who are best prepared. Failing to understand the full picture can often lead to disappointment and financial disaster further down the line. The thoroughbred breeding industry is no different. Judgements can be clouded by sentiment, false perceptions and an inadequate understanding of what really matters. Like many potentially high profit businesses, the risks are often high -- so minimising these risks is vital. Too often I see new breeders coming into the industry with high expectations, only to depart within a relatively short period of time. This is sometimes for reasons that are not the fault of the industry, but in many cases these people are disillusioned and feel as though they have been unfairly treated. At the end of the day, thoroughbred breeding is a business - or at least it ends up being analysed as a business. By this I mean that many people enter it thinking they will have a bit of fun, buy a mare or two, sell the odd yearling and race a few horses. Simple -- until a year or two later their partner or accountant points out the true financial cost of their bit of fun. Common breeders' mistakes These are the most common mistakes I see breeders make: • Poor decisions made because of sentiment. • Poor advice. (don't be afraid to ask people who have proven records of success in the business -- for example, Garry Chittick, Nelson Schick or Sir Patrick Hogan) • Lack of understanding of pedigrees: What really is commercial, what will appeal to the tried horse market. • Failure to understand the market. • Getting caught up in hype. • Poor research. By avoiding these mistakes and consistently trying to reduce risk, I believe we can all aim to breed horses suitable for the commercial yearling market, because that gives us more options further down the track. BREEDING FOR THE RACECOURSE & THE YEARLING MARKET Bruce Perry outlines the steps to assuring the best chance of success in breeding a quality, commercial thoroughbred. Susan Archer reports. Like many potentially high profit businesses, the risks are often high -- so minimising these risks is vital.
Tyreel Easter Yearlings
NZ Sires Preview July 2010