Ontario Racing's Thoroughbred Improvement Program Committee has approved an additional $200,000 for its Mare Purchase Program, bringing the total to $700,000 after an enthusiastic response from breeders.
“The main focus of this program is to give Ontario horse people the opportunity to buy a better mare, and higher quality stock,” said David Anderson, Breeder Representative on the Board of Ontario Racing and member of the TIP Committee. “There are people who still want to buy horses, and this will help them.”
Ontario residents who purchase an in-foal broodmare are eligible for rebate of 50% of the purchase price to a maximum of $25,000 CAD. In-foal mares must be purchased for a minimum of $10,000 USD, with no maximum, and be purchased from an Ontario Racing recognized public auction. There is a maximum distribution of $75,000 CAD to any one individual, partnership, corporation or other ownership group.
The program is first come, first served and applications must be submitted 30 days prior to purchase date.
The post Ontario’s Mare Purchase Program Receives Funding Boost appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.
