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.

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