"We learned a lot in our inaugural season a year ago, and have invested further
into our team and into our programs for 2016," said Garry Cuddy, general
manager at Spendthrift Australia.
"The team here is delighted and eager to get
to work with breeders, both local and interstate, and we invite everyone to
reach out to meet the team, visit the stallions, and get to know how the Breed
Secure program works. We believe it's going to be a game-changer here in
Australia, like it's been everywhere else Spendthrift has introduced it, and it
will now be our job to make every breeder realise the benefit of it."
Breed Secure becomes the latest breeder-friendly program to be offered by Spendthrift Australia, the Victorian-based stud farm which debuted a year ago along with its "Share The Upside" program.
The following are Breed Secure fees and standard Payable On Live Foal fees for each stallion for 2016 (all fees include GST):
Breed Secure becomes the latest breeder-friendly program to be offered by Spendthrift Australia, the Victorian-based stud farm which debuted a year ago along with its "Share The Upside" program.
The following are Breed Secure fees and standard Payable On Live Foal fees for each stallion for 2016 (all fees include GST):
|
Stallion |
Payable On Live Foal Fee |
"Breed Secure" Fee |
|
Can the Man |
$3,850 |
$3,850 |
|
Hampton Court |
$8,800 |
$8,800 |
|
Jimmy Creed |
$8,800 |
$8,800 |
|
Warrior's Reward |
$11,000 |
$11,000 |
Breed Secure offers breeders the ability to breed a mare to a Spendthrift Australia stallion with no fees due until the sale of the resulting horse at public auction. The key difference between Breed Secure and a standard foal share deal is that Breed Secure only allows for Spendthrift Australia to get back the maximum value of the stud fee. Any sales proceeds over the amount of the stud fee are realised as pure profit to the breeder, allowing Breed Secure to offer breeders limitless upside on a good sale result.
Breed Secure also offers other attractive features designed with the breeder in mind. The breeder will choose whether to sell the resulting offspring as a weanling or as a yearling at public auction. After the sale is made, the first sale proceeds automatically go to the breeder up to a certain threshold. Breeders will earn the first $6,000 for a weanling sale, or first $12,000 for a yearling sale, before Spendthrift is eligible to recoup any of the stud fee. Breed Secure also protects breeders by offering forgiveness of any shortcomings of a sale, which is designed to limit the amount of risk and loss for the breeder.
For more information about the Breed Secure program, or about any of Spendthrift Australia's stallions or programs, please contact Garry Cuddy at +61 410 451 595 or Josh Rix at +61 499 880 855, or visit Spendthrift.com.au .
