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Post by Michelle Clarke on Sept 19, 2010 11:30:25 GMT -5
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Post by fantasykiger on Sept 19, 2010 13:18:15 GMT -5
oh my!  That is really sad, I hate to see anyone loose the farm. The demand just isn't there for that amount of breeding ....wow! It's heartbreaking for all concerned, horses and humans. |
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Post by DianneC on Sept 19, 2010 14:58:54 GMT -5
They're doing them as one lot? Not too smart, of course it wasn't real bright to breed thirty mares last year.
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Post by sbutter on Sept 19, 2010 15:45:34 GMT -5
River Edge Farm is dispersing their horses in an upcoming sale. They were the most successful TB farm in California and stood the best Ca stallions. They sold the stallions to another nice farm in Ca. They are dispersing for two reasons though, the economy and the manger (who is the brains behind everything) is getting older and having health problems. Stallions in Ca rarely have colts that are good enough to stand in Kentucky and almost all of their stallions had offspring standing back in Kentucky. I can't think of any other TB farm that has done that. It will be interesting to see who will fill the huge shoes River Edge is leaving behind.
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Post by Michelle Clarke on Sept 19, 2010 16:17:07 GMT -5
I do think a lot of it is other reasons besides economy too (however, breeding thirty mares was not too bright!). Waggoner ranch is dispersing too, but from what I've read, it is divorce.
The most inquiries I have for horses right now is for an amateur owner that wants a horse to take lower level dressage lessons and be trail safe; they want to spend around 5k. Can't even raise and train them for that! From the research I've done, the hunter/jumper/dressage crowd has not really slowed down much. We are gearing up to take our horses to the Sport Horse Versatility shows next year...
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Post by DianneC on Sept 19, 2010 23:55:21 GMT -5
That's the market here too, at least the upper end of it for non-warmbloods with some dressage work started.
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Post by sbutter on Sept 20, 2010 15:26:38 GMT -5
On a somewhat related note. There was a mare that we picked out for a client 2 years ago in foal to Stormy Atlantic. Stormy Atlantic is doing phenomenal and there is talk that he might be the replacement to his sire Storm Cat. Our client entered the colt as a weanling in the mixed sale last year with almost a guarantee of $150,000 or more. The X-rays for the stifle that was taken for the sale showed a "hole" that wasn't filled in. It was the kiss of death for the colt and our client scratched him from the sale and decided to turn the colt out and hopefully the hole would fill in as he matured. So, this year he entered him into the select yearling sale in Kentucky and all the X-rays are clean. The market has really hit the TBs, so everyone is nervous about the sales results. We asked an agent back there what he think the colt would sell for and he thought he would sell between $35,000-$50,000 (he is conservative in prices typically). The colt entered the ring and his price was sitting at about $25,000 when it became a bidding war between two people. The price went up to $65,000 and then he was sold for $67,000. The buyer was Toby Keith the country singer! So, that was pretty fun and I hope the best for that colt.
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grullagirl
Weanling
Have you hugged your horse today?
Posts: 238
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Post by grullagirl on Sept 20, 2010 20:35:26 GMT -5
wow what sad news. This definately is going to take a big toll on the stock horse industry. What I can not understand is how they went bankrupt when their stallion Smart Chic Olena stands for 25,000 and Dual Pep stands for around 15g I believe. If all the horses are one lot than I am guessing someone like Arcese quarter horses will pick it up, but you never know. It would have been much smarter to sell them in individual lots, more people would look at these horses, I know i would for one thing!
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Post by Michelle Clarke on Sept 20, 2010 20:49:42 GMT -5
The big thing right now is Brazillians coming over and buying up horses and farms...they have the money to put into it at this point in time. They've bought up a number of large places and put tons of investment $'s into the facilities and horses. It will be interesting to see where it all winds up.
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grullagirl
Weanling
Have you hugged your horse today?
Posts: 238
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Post by grullagirl on Sept 21, 2010 7:50:35 GMT -5
Oh now that I think about it I have seen a big trend in people from brazil buying up barrel horse stock, it makes sense that they would start buying up cow horse stock as well. I just read in a AQHA article that there now including their two stallions Cowboy Smarts and Trashedeous in the lot. Trash happens to be one of my favorite reining sires so hopefully he will go to a good home!
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That is really sad, I hate to see anyone loose the farm. The demand just isn't there for that amount of breeding ....wow! It's heartbreaking for all concerned, horses and humans. 
