Ontario Mare Purchase Program 2024 Funds Fully Dispersed

The $800,000 allocated to the Ontario Thoroughbred Improvement Program's Mare Purchase and Recruitment Programs has been exhausted for the year. The program provides Ontario residents with 50% of the purchase price–up to a maximum of C$25,000–per in-foal mares purchased either online or in person at a recognized public auction outside of Ontario, with progeny of 2024 to foal in the province.

“It's a good incentive,” David Clancy, a long-time owner and breeder, and owner of Toronto-based accounting firm Clancy CPA & Co, said of the Mare Purchase Program. “Some of my better mares are getting a bit older now, so I was looking to upscale my mares a bit with some younger stock, so that's why I decided to [make use of the program] this year.”

Clancy purchased three mares in two Kentucky sales, with help from the Mare Purchase Program.

He acquired Carta de Oro (Medaglia d'Oro) for $170,000 and Marge Takes Charge (Empire Maker) for $92,000 at the 2023 Keeneland November Breeding Stock Sale, and Daddy Issues (Scat Daddy) for $48,000 at last week's Fasig-Tipton Kentucky Winter Mixed Sale.

Owners from across North America shipped mares to Ontario to foal as part of the Mare Recruitment Program, taking advantage of the “Ontario Bred” status foaling in the province confers.

“Ontario, I think, is a good place to breed,” said Clancy. “And, ultimately, the horse will run at Woodbine, and Woodbine has pretty good purses overall, I think.”

The post Ontario Mare Purchase Program 2024 Funds Fully Dispersed appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Sales Credit Update for Canadian Premier Yearling Sale

Thoroughbred owners with Ontario-breds competing in the claiming ranks at Woodbine or Fort Erie can check the Thoroughbred Improvement Program website for a list of sales credits eligible to be used on a yearling at the Canadian Premier Yearling Sale, Wednesday, Aug. 31.

The sales credits currently on the website include those earned through Aug. 23 and the list will be updated Aug. 29 to include the results from Woodbine through Sunday, Aug. 28. The sales credits will be posted on each sales barn during yearling previews. On sale day, a final list will be available at the Ontario Racing booth. Ontario Racing staff will be on hand to answer questions about the Sales Credits and TIP in general.

Click to view the current Sales Credit List and for more information on how sales credits are accrued. For additional questions or details about transferring Sales Credits, please contact the Program Coordinator at tbprogram@ontarioracing.com.

The post Sales Credit Update for Canadian Premier Yearling Sale appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Ontario Mare Purchase Program Receives $200,000 Funding Boost

Ontario Racing's Thoroughbred Improvement Program Committee has approved an additional $200,000 for its innovative Mare Purchase Program, bringing the total to $700,000.

An enthusiastic response by Ontario breeders to the program has nearly exhausted the initial $500,000 commitment.

The Keeneland January Horses of All Ages Sale begins on January 11, and the committee wants to provide more Ontario breeders with the opportunity to maximize their investment at the sale.

“The main focus of this program is to give Ontario horsepeople 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 Thoroughbred Improvement Program (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 a rebate of 50 percent of the purchase price to a maximum of $25,000 CAD.

In-foal mares must be purchased for a minimum purchase price of $10,000 USD, with no maximum, and be purchased at 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.

“This is one of the best breeder programs in North America, and the world. We want more people to know about it, and participate in it,” said Anderson.

The program operates on a first-come, first-served basis, and purchasers must submit their application within 30 days of the purchase date. Breeders interested in accessing this funding can download the application form here.

Mares must meet the Mare Residency Program criteria. Copies of registration papers and a paid invoice from the recognized sale the in-foal mare was purchased from, are also required.

Breeders are also eligible for a $2,500 (CAD) incentive for all enrolled mares who are then bred to a registered Ontario Sire in 2022.

In addition to the Keeneland Sale, remaining Ontario Racing recognized public auctions are the OBS Winter Mixed Sale, and the Fasig-Tipton Kentucky Winter Mixed Sale.

The post Ontario Mare Purchase Program Receives $200,000 Funding Boost appeared first on Horse Racing News | Paulick Report.

Source of original post

McCormack Sees Early Return From Ontario Mare Purchase Program

In the fall of 2019, Bernard McCormack took advantage of Ontario's Mare Purchase Program to acquire Uncle Mo mare Aunty Mo at the Keeneland November Breeding Stock Sale.

The mare, a $22,000 (USD) purchase, was in foal to Tourist and delivered a handsome colt in February 2020. In September the youngster was the fourth highest seller at the Canadian Premier Yearling Sale, hammered down for $120,000 to Al and Bill Ulwelling, helped along by his 2-year-old full-sister Mo Touring's first-out victory at Gulfstream Park in June.

“It's a great program assisting our local breeders in retooling their broodmare band and bringing in some new blood,” said McCormack of the Mare Purchase Program, which provided him a 50 percent (CAD) rebate on Aunty Mo's initial purchase price. “The sales in Kentucky are full of mares that could do well in our program, and so when you are sent shopping with a de-escalator for cost of roughly 40 percent, depending on the exchange rate, it pays a lot of initial bills with the new purchase.”

McCormack also took advantage of the program when he added Queen Martha, a $16,000 (USD) acquisition from the Fasig-Tipton Mixed Sale, to his broodmare program in February 2020. The mare's English Channel colt sold for $30,000 (USD) this fall at the Keeneland September Yearling Sale, less than one month before his 3-year-old full-brother, British Royalty, won the Breeders' Stakes.

“We had an outlay of $38,000 and we have those results, and they're not results that we had to wait years and years for, they're results that happened almost right away,” said McCormack, whose Cara Bloodstock currently houses six broodmares in Janetville, Ontario. “In terms of getting your money back, you get the check from the Mare Purchase Program, and then you get to breed them back — and breed them to an Ontario sire, you can get a little dividend if you do that — and so everywhere you look it's supporting the breeder.

“It's a program that I have my clients look at closely and pay attention to, and I know it's been hard to get across the border, but things are starting to open up so this opportunity might actually be a little bit more available, given that people can actually travel to the sales as the US border opens.”

For 2021-22 the Mare Purchase Program offers Ontario residents a 50 percent rebate, to a maximum of $25,000 (CAD), on the purchase of any in-foal mare sold for a minimum of $10,000 at seven Ontario Racing recognized public auctions. The maximum benefit to any individual or entity is $75,000 CAD and, upon purchase, mares must meet the Ontario Resident Mare requirements.

In addition, the Mare Recruitment Program offers non-residents the opportunity to receive a $5,000 rebate for each mare brought to Ontario to foal in 2022, to a maximum of $25,000 (CAD). Mares must be new arrivals to the province, or have changed hands through a recognized public auction for a minimum purchase price of $5,000 (USD), and must meet the Ontario Resident Mare requirements.

Breeders who participate in either program are also eligible for a $2,500 (CAD) incentive for all enrolled mares who are then bred to a registered Ontario Sire in 2022.

Complete details and eligibility requirements for all three incentives are available on the Ontario Thoroughbred Improvement Program (TIP) website.

“Two years ago we brought in 129 new in-foal mares to the province, of which 79 of them were bred back to Ontario sires. Ontario is one of, I think, three jurisdictions in North America where our live foals reported actually went up,” said Ontario Racing TIP committee member David Anderson. “So the program is working, and we've tweaked it a bit this year, increasing some of the caps, lowering the floor to allow more people to get in, making it easier for the local breeders. It's the only one of its kind in North America and I would encourage all Ontario breeders to take advantage of it.”

The post McCormack Sees Early Return From Ontario Mare Purchase Program appeared first on Horse Racing News | Paulick Report.

Source of original post

Verified by MonsterInsights