Spendthrift Farm is introducing its "Breed Secure" program to New York breeders in 2013 through its New York-based stallion Dublin, who is set to stand his second season at Keane Stud near Amenia.
The Breed Secure program was launched two years ago to relieve commercial breeders of the risk of paying stud fees on some of Spendthrift's young Kentucky-based stallions.
"Owning the stallions outright gives us the flexibility to offer unique, breeder-friendly deals that puts Spendthrift and the breeder on a level playing field," said B. Wayne Hughes, owner of Spendthrift Farm near Lexington. "It's really simple: we don't make money unless the breeder can make a profit that will justify paying the cost of the stud fee.
"If breeders are willing to support young and unproven Spendthrift stallions in good faith, I think it's only right to return the favor and relieve breeders of the risk taken on by their patronage," Hughes explained. "We want breeders to believe in our product as much as we do. The program has been very well received in Kentucky, and we hope the breeders of New York will be equally as enthusiastic."
The program offers breeders a guarantee of a profit to those who wish to sell the resulting in-foal mare, weanling, or yearling at public auction before any stud fee is owed. Among the stallions that have been enrolled in the program is freshman sire Into Mischief , who stands at Spendthrift.
Dublin, winner of the Three Chimneys Hopeful Stakes (gr. I) at Saratoga as a 2-year-old, stands at Keane Stud for a fee of $7,500 stands and nurses. His first foals arrive in 2013.