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FORT WORTH--The American Paint
Horse Association Breeders Trust, an incentive program for the breeders of
quality Paint Horses |
Breeders Trust awards reach all-time high
American Paint Horse Association pays out $663,260 as part of special
incentive program
FORT WORTHThe American Paint Horse Association
Breeders Trust, an incentive program for the breeders and owners of competitive
Paint Horses, this year awarded $663,260 to 1,545 individuals—a 34 percent
payout increase over last year’s award of $493,805 to 1,147 people.
“It has been our goal, through the
Breeders Trust program, to give Paint Horse breeders, as well as stallion
owners and show horse owners, the chance to win money for their horses’
accomplishments,” said Ed Roberts, APHAs executive secretary. “Based
on our annual payout figures, it is obvious that the program is becoming more
valuable to these people every year.”
The 2001 payout, for the 2000 show season, is
the fifth Breeders Trust disbursement made by APHA since the program was
launched. The figure represents more than four times the amount awarded in
1997the year of the first payout.
The Breeders Trust pays cash dividends for
points earned by nominated horses at APHA-approved events and is designed so
everyone responsible for the success of an outstanding foal is rewarded. The
stallion owner, foal nominator and the horse’s owner all share in the
profits.
Following are some highlights of the
program:
- Stallions are subscribed annually for their
highest advertised breeding fee. Stallions must be enrolled by Dec. 31, prior
to the start of the breeding season.
- Offspring resulting from the stallion’s
breedings can then be nominated for life for a one-time enrollment fee, ranging
from $100 to $800. The fee varies depending on the age at which the horse is
enrolled.
- No horse is accepted in the program after its
2-year-old year, or if it has earned points in APHA competition.
- Trust money is divided and paid annually,
beginning when a subscribed stallion’s foals reach their yearling year.
Payouts are based on the total number of point-earning horses enrolled in the
program and the number of points earned by those horses during a given year.
- The stallion owner and foal nominator each
receive 10 percent of the dividend, while the recorded owners of the foal
receive 80 percent.
For more information on the American Paint
Horse Association Breeders Trust program, visit
www.apha.com/breederstrust or call (817) 222-6416.
More about APHA
The APHA was founded in 1962. By that
year’s end, early association members had recruited 150 fellow Paint Horse
enthusiasts and registered 250 horses. By the end of 2000, APHA had enrolled
more than 100,000 members and registered nearly 593,000 Paint Horses.
The Fort Worth-based non-profit association
employs 165 people and maintains an operating budget of more than $15 million
for activities worldwide.
For more information about APHA or APHA
programs, call (817) 834-2742, ext. 788, or log on to
www.apha.com.
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