While the top end of the market continues to grab the headlines as prices for commercially bred horses skyrocket around the globe there is an outstanding opportunity developing for the owner breeder in Australia.
According to our research the number of broodmares has halved in the last 10 years and the prize money and racing incentives in NSW, VIC and QLD have increased substantially.
There is no arguing the money commercially bred horses attract at the sales, but the big price tag and shining pedigree do not guarantee success, there is still plenty of room for an owner breeder to produce a quality racehorse capable of competing at the highest levels at a fraction of the cost.
About 300,000 people have a direct interest as individual owners of, or members of syndicates which own the 30,000 horses in training in Australia. The majority are syndicate members but very few of them are owner breeders.
The greatest benefit of being an owner breeder is being able to control everything in relation to your horse, choosing the broodmare, selecting a stallion based on your breeding ideas, raising or supervising the raising of the horse, all very important factors in the horses success later.
There is also the thrill of the entire process especially the birth of the foal and your first look at what might be your champion thoroughbred.
If you can afford to hit the Inglis or Magic Millions sales with the big bucks needed to secure a very well bred horse it is always worth a punt, but there is nothing wrong with the breed to race model either.
Based on the results dollar for dollar we favor the breed to race model even if you are going to a big name stallion.
Racing Victoria have announced the 2019 Victorian Spring Racing Carnival will be the first ever in their history to offer more than $100 million in combined prize money.
The carnival itself will receive a $13 million prize money boost with 16 races set to offer trainers and owners prize money of $1 million or more headlined by 21 Group 1 races.
The announcement comes on the back of previous prize money increases throughout Victorian racing which took effect on 1 January 2019 with the total increase for the year now reaching more than $18 million.
More than $81 million in major prizemoney is now up for grabs at country racing carnivals held across the state from August 1.
Racing NSW made the announcement at midday on Tuesday which will see an increase to prizemoney of $48 million, or 145 per cent, since 2012.
There will now be eight feature Country Cup races with prizemoney of $200,000 at the following racecourses: Port Macquarie, Goulburn, Albury, Wellington, Tamworth, Wagga Wagga, Scone and Grafton.