The thoroughbred breeding industry · The industry club for young breeding and racing enthusiasts...

The thoroughbred breeding

industry

Joe Grimwade

Stud Management Advisory Ltd.

Championing the future of the British Thoroughbred l thetba.co.uk

Stud FarmingThree Primary ‘Activities’

*Flat / National Hunt / Both (Dual)

Owning Stallions

Owning Property (Studs)

Owning Broodmares


Stallions covering more than 100 mares

Weatherbys figures as at 31/12/18

2220

22 2123

2826

77

5456

62

67

74

67

2008 2010 2012 2014 2015 2016 2017

GB Ire


MATING PLANS

Breeding the racehorse – a long term investment

MARE COVERED/PREGNANT

FOAL BORN

YEARLING

TWO-YEAR-OLD(JUMPS –STORE)

THREE-YEAR-OLD+(FLAT & JUMPS)

2019

2020

2021

2022

2023

2024 +

RETIREMENT

Foal Sales

Yearling Sales

Breeze-up Sales

Breeding Stock Sale

TWO-YEAR-OLD(FLAT) Horses in/out training

sale

RA

CIN

G A

GE

To Stud


Owners of registered broodmares

4721

4206

3648

3221 3226 3296 3318 3307

10106

7781

64916239

65086777 6830 6762

2008 2010 2012 2014 2015 2016 2017 2018

GB Ireland



Intended Career Statistics – GB & IRE

2005

Flat

Jump

Dual

Other

43%

39%

17%

IRELAND

GB

60%16%

13%11%

2005

Flat

Jump

Dual

Other/U

77%

13%10% 0.4%

2018

Flat

Jump

Dual

Other/U


2018

Flat

Jump

Dual

Other

30%

14% 1%

55%

1%


Stud Farming Employing 3,500

Indirect employment of a further 15,500

veterinary surgeons

physiotherapists

dentists

farriers

horse transporters

bloodstock agents

auction houses

pedigree experts

pedigree analysts

insurers

agricultural contractors

agronomists

nutritionists

lawyers

accountants

feed suppliers

hay & bedding suppliers

stud equipment suppliers

tack shops

builders

machinery suppliers

fertiliser suppliers

fencers

security services

Stud Manager

Yard Managers

Foaling Manager

Yard Staff

Students

Maintenance Staff

Secretary

administrators

stable waste handlers


Great Britain’s horseracing industry is world-class

World-class race calendar

In 2017, Great Britain (GB) hosted 24 of the world’s top 100 races, providing an unparalleled stage for the world’s best horses

Leading thoroughbreds

GB has the highest proportion of world-class thoroughbreds relative to the total number of thoroughbred births, indicating quality bloodlines and training

Substantial economic contribution

The total economic contribution of horseracing to the UK economy is estimated to be in the region of £3.5 billion, with over 85,000 jobs supported by the industry

Horseracing is loved by the British public. Almost 6 million people attended race meetings in 2017, making horseracing the second most attended sport in the UK after football

Second most popular sport in Britain


PwC estimate that in 2017 the thoroughbred breeding industry contributed £427m to the UK economy and supported over 19,000 jobs


British breeders

•Supply 46% horses to race in Britain

• Ireland = 44%

• Other = 10%

•4,826 foals in 2018 (14,000 HIT)

•Rural impact

•Contribution to global racing


Sustainable breeding industry = stronger racing industry.

Sustainable

ProfitableMeasured growth

Adaptive/ResponsiveDiverse breed

Improved quality of

bloodstock

Increased prices &

demand at sales

More attractive & competitive racing product

Increase in betting

turnover

Increase in Levy yields for re-investment

to industry

Increase in Levy yields for re-investment

to industry

Increase in betting

turnover


HIGH VALUE

TURNOVER

LOW VALUE

TURNOVER

RACING BREEDING

Progressive

Racing

Industry

Conservative

Racing

Industry


• Thoroughbred Breeders’ Association

• European Breeders’ Fund

• Race sponsorship & donations

How does the Breeding Industry Contribute?


“The contribution that the British EBF makes to the sport through prize money and sponsorship is tremendous. Of particular value is the support for both fillies and stayers, two areas of the British thoroughbred breed that the industry must invest in, to ensure a healthy and vibrant future as an integral part of the racing programme and to maintain the great diversity that exists within the sport.”

Nick Rust, Chief Executive of the British Horseracing Authority (BHA).

• Contributed £31.5 million since 1983

• Around £1.7 million per year

• Third largest sponsor of horseracing in Britain

• Funded by stallion owners


TBA charitable objectives

Education and training• Training courses/seminars/educational articles

• Recruitment / careers promotion

• Employer support

Veterinary• Health and welfare

• Disease surveillance and control

• Stimulate and support veterinary research

• Advice and guidance

Promotion and preservation of the thoroughbred• Promote British-bred horses

• Generate interest in the business of breeding

• Support and maintain diversity of the breed e.g. fillies, stayers


TBA member benefits

Knowledge Community SupportSeminarsCourses

CPD

TOB MagazineNewsletters

EBN

Buying GroupPost mortem subsidy

Codes of PracticeVeterinary notices

EventsRegional Days

Stallion ParadesRegional Forums

Legal AdviceHealth and Safety guidance

HR/Employer Guidance

PublicationsFact sheets

Stallion GuideReference library

Veterinary Articles

Racecourse badge SchemeRace badges

Annual AwardsBreeder of the month

Bloodstock taxation GuideVAT Hotline

Away from home liability insurance


Representing breeders’ interests

• Lobbying of UK and EU Governments

• Working with All Party Racing and Horse Groups

• Briefing civil servants at DEFRA and DCMS

• Breeder representation on HG and BHA committees

• EFTBA and ITBF

• Representing breeder issues to Sales companies

• Representing breeder issues to Weatherbys - GSB


NH Mare Owners’ Prize Scheme

Aims to:

• Improve demand at sales for GB bred/sired

NH fillies

• Support the mares’ NH racing programme

• Encourage owners and trainers to race mares

• Ensure mares are tested as NH racehorses

prior to their breeding careers.


Stayers Working Group

• Essential we halt the decline of the staying horse

• Study into British stayers and staying races

• Consultations with BHA

• BHA provides the programme framework to encourage this type of horse

• Working Group to effect change

• Marketing to change perceptions


The Thoroughbred Club The industry club for young breeding and racing enthusiasts

To encourage and foster a passion for thoroughbred breeding and racing:

• Membership for 16 – 35 year-olds• Educational opportunities, social events and forums • Industry publications• Careers guidance• Race day experiences• Behind the scenes visits to studs, sales and racing yards

thethoroughbredclub.co.uk


Current Challenges

• People

Recruitment, retention and training

Mental health, safeguarding, diversity

• Equine Health and Welfare

Welfare – traceability

Life after racing

Disease threats

• British breeding

Diversity of the breed – stayers

Horse population

New breeders


Brexit

• Commissioned a report to identify issues

• Highlighted 4 key concernso Horse movement and transport

o People movement and employment

o Taxation

o Zootechnic and welfare matters

• Developing a strategy

• Putting resource in place

• Bring stakeholders on board

• Objectiveso Maintain free movement

o Ensure common movement, transport, health, welfare, zootechnical and equine ID policies across Europe

o Free movement of people working in thoroughbred industry


Brexit – Key Statistics

• The British thoroughbred industry is worth £3.5 billion and supports tens of thousands of jobs

• 26,000+ thoroughbred movements are facilitated annually for racing, breeding and sales purposes under the Tripartite Agreement, in place since before the UK joined the EU, and has evolved within it

• Over 50% of the annual Irish thoroughbred foal crop is exported to Britain annually

• Approximately 11% of British racing’s workforce in yards is from EEA countries


Any Questions?

The thoroughbred breeding industry · The industry club for young breeding and racing enthusiasts...

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