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New Jersey breeders announce rebate program for pacing stallions
Monday, April 13, 2015 - by Carol Hodes, for the SBOANJ

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Manalapan, NJ --- Rebates are not only for new cars.

The Standardbred Breeders & Owners Association of New Jersey, acting on a recommendation of its Breeders Committee, has announced a rebate program of up to $100,000 for 2015 breeding fees for pacing stallions standing in the State of New Jersey.

The New Jersey Pacing Stallion Breeding Incentive offers a rebate of the full advertised stallion fee (up to $2,500 maximum) for New Jersey resident mares and 50 percent of the stallion fee (up to a $1,250 maximum) for non-resident mares.

“Essentially, this will result in a heavily subsidized breeding with the strong likelihood that when the resulting foals reach the races, New Jersey will have a much improved purse structure,” said Michael Gulotta, chairman of the SBOANJ Breeders Committee. “With expectations growing for a positive environment for racing in the next couple of years, these foals could very well be highly valuable assets.”

The rebate will coincide with the stud fee payment.

A requirement for participation includes the nomination of the resulting foals as well as 2-year-old sustaining payments for the New Jersey Sire Stakes program. The New Jersey Sire Stakes payments will be deducted from the rebate. Additionally, to be eligible, stallions must be enrolled in the USTA’s STARS program.

“We want to incentivize breeders who have not as yet bred their broodmares this year to consider New Jersey’s pacing stallions,” said SBOANJ President Tom Luchento. “With the number of pacing mares booked so far in 2015, we foresee a limited number of 2-year-old pacers competing in the New Jersey Sire Stakes in 2018. This is a pilot program for 2015, but if it proves successful, our Breeders Committee will review the possibility of renewing it.”

Eligible stallions are Great Vintage and Hurrikane King Cole, who are standing at Walnridge Farm; If I Can Dream and Lis Mara, who are at Deo Volente Farm, and Philos Hanover at Last Cance Farm.

For further information, contact the SBOANJ.

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