BREED SECURE PROVIDING BREEDERS A LEG-UP Having changed the breeding landscape in America, Spendthrift’s Australian arm has turned its attention to assisting Australian breeders by minimising the cashflow risks associated with producing quality stock.
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Recognising the financial strain and risk faced by breeders, founder B. Wayne Hughes has long believed that Spendthrift should bear their fair share of the responsibility with the mare owner should a particular mating to one of the stallions not produce a profitable foal. Acknowledging the fact that stallion farms should not simply collect money from matings is a unique perspective that encompasses the breeder centric approach held by the farm. Breed Secure is an innovative breeding program to assist breeders, backed by a vision to provide the greatest long-term benefit. It was designed to allow breeders to equal the playing field between the stallion owner and the breeder. Designed with the breeder in mind, they choose whether to sell their resulting offspring as a weanling or yearling at a public auction of their choice. Weanlings sold at auction entitle the breeder to the first $5,000 while it is the first $10,000 that goes to the breeder for yearlings sold at auction. The service fee is payable only after this expense allowance is realised. Any sales proceeds over the amount of the stud fee are pure profit to the breeder. This means in cases where a weanling or yearling does not make over $5,000 or $10,000 respectively, the stud fee is covered by Spendthrift.
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Spendthrift Australia 2020
