Friday, February 05, 2010
Thoroughbred Industry Suffering
KENTUCKY...
All is not well with the horse racing interests in the state. Kentucky’s thoroughbred industry, mirroring global economics, is riding out a painful downturn. While there are glimmers of hope, experts agree that it will continue to be a bumpy ride in 2010. The tight credit market has impacted the equine industry with some banks declining to finance racing operations altogether. Some owners and breeders have been forced to disperse their holdings, and most others have cut back their activity levels at sales and on breeding farms.
All is not well with the horse racing interests in the state. Kentucky’s thoroughbred industry, mirroring global economics, is riding out a painful downturn. While there are glimmers of hope, experts agree that it will continue to be a bumpy ride in 2010. The tight credit market has impacted the equine industry with some banks declining to finance racing operations altogether. Some owners and breeders have been forced to disperse their holdings, and most others have cut back their activity levels at sales and on breeding farms.
# posted by Homer Owens @ 8:36 AM 
