Joe and Anne McMahon's McMahon of Saratoga Thoroughbreds in has been named the New York Agricultural Society's recipient as 2004 Business of the Year.The award will be presented at the organization's 173rd annual meeting and luncheon Jan. 6. It marks the first time a horse farm in New York has earned the honor. The society recognizes two businesses a year, one involved in agricultural production and one involved in processing and marketing.McMahon of Saratoga Thoroughbred was where 2003 Kentucky Derby (gr. I) and Preakness Stakes (gr. I) winner Funny Cide was foaled and raised."We made a big investment in stallions about 10 years ago, and mares basically will follow stallions," Joe McMahon said. "The better your stallions, the more your mare population will grow."About 170 horses currently reside at McMahon Thoroughbreds, which is more than double the farm's equine headcount from seven years earlier."It's quite an honor for them (the New York Agricultural Society) to go outside traditional agriculture and award someone like us. It's really nice that they've found a small family farm."