The trustees of the Agriculture and New York State Horse Breeding Development Fund (the Fund), which administers the New York State Sire Stakes, announced on Wednesday that they have instituted Breeders’ Awards for the 2008 racing season.
The Breeders’ Awards program has been instituted to promote agriculture through the breeding of Standardbred horses in New York State. The Breeders’ Awards will be given at all levels of New York Sire Stakes (NYSS) harness racing. The program will commence during the 2008 racing season, which starts in June.
The Fund estimates that as much as $1 million will be available to fund the 2008 Breeders’ Awards program. Breeders’ Awards funds are derived from the betting handle at the State’s harness tracks and off-track betting parlors. The Fund receives a percentage of the total betting handle to administer the NYSS program.
Daniel D. Hogan, chairman of the New York State Racing and Wagering Board and chairman of the Agriculture and New York State Horse Breeding Development Fund said, “New York State has a rich history in horse racing, which has always made it a desirable racing state. With the return of the Breeders’ Awards for the New York Sire Stakes, we hope to turn the spotlight on New York State as a desirable place to breed Standardbreds as well.”
Eligible recipients of a Breeders’ Award are individuals who have bred a winning horse racing in the NYSS program. Only the first breeder of record listed with the Fund is eligible to receive an award, in cases where multiple breeders are listed. Additionally, the competing horse must have been nominated to the New York Sire Stakes as a yearling.
Peter Goold, executive director of the Fund said, “Agriculture is one of New York State’s leading domestic products and with a vast amount of open space and farmland, the state is an excellent choice for horse breeding. Our Breeders’ Awards program is just one more reason to breed Standardbreds in New York State.” (NY State Horse Breeding Development Fund)
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