C$1M Set To Be Distributed To Ontario Breeders

A total of C$1 million will be distributed to Ontario breeders in 2022, owing to enhancements made by Ontario Racing's Thoroughbred Improvement Program (TIP) Committee in its Mare Purchase and Recruitment Programs for the 2021-2022 sales season.

Focusing on the Mare Purchase Program (MPP), the TIP Committee increased the maximum credit available to C$75,000 from C$50,000, lowered the minimum purchase price from US$15,000 to US$10,000 and removed the $100,000 maximum purchase price restriction.

We made changes to the Mare Programs to make them less restrictive, but never in our wildest dreams did we think all the funding would be exhausted,” said David Anderson, Breeder representative on the Ontario Racing Board and TIP Committee member. The result is we are a leading jurisdiction worldwide in terms of percentage increase of Ontario-bred foals.”

The MPP has 42 mares from 31 breeders enrolled in the program, 32 of which will be bred to a stallion based in Ontario. The Mare Recruitment Program has 49 mares enrolled from 33 mare owners/purchasers and 19 will be bred to a stallion in Ontario.

“David and the TIP Committee have done a great job to open it up,” said Arika Everatt-Meeuse, who received $64,000 through the MPP. “Now it can be accessed be accessed by more people and really allows people to reach out and buy a better mare.

She added, “I would have not gone shopping without it. It just would not have fit in my budget. Stud fees and everything are going up. But with the support of the program, I was able to make it work.”

The post C$1M Set To Be Distributed To Ontario Breeders appeared first on TDN | Thoroughbred Daily News | Horse Racing News, Results and Video | Thoroughbred Breeding and Auctions.

Source of original post

Verified by MonsterInsights