Jan 13, 2014

RRTP Releases First National Study of Thoroughbred Racehorse Placement

A report released by Retired Racehorse Training Project (RRTP) is the first nationwide study of how Thoroughbred ex-racehorses are transitioned into second careers. It is based on a survey conducted in late 2013 titled Exploring the Bridge To Second Careers in which owners of 4,200 ex-racehorses from 47 states and Canada responded to 23 questions.

“The public believes that racing owners dump their retiring horses into auctions and that a lucky few get rescued and adopted,” said RRTP president Steuart Pittman.

“Our survey tells a different story. Most of these horses were not rescued. They were sold or donated through networks of people both inside and outside of racing who work very hard to transition these animals.”

• 34% percent of these horses were acquired directly from racing owners.
• 31% were acquired from non-racing private owners.
• 13.5% were acquired from non-profit placement or rescue organizations, although that share increased from 11% to 19% over the last ten years.
• 9% were acquired from professional training or sales businesses.
• 2.3% of horses came through auctions.

The survey also revealed that prices for horses increased with training, but are still far below what it costs to transition racehorses to new careers.

• The average adoption fee at nonprofit placement organizations was $1001 (22% were free). These organizations were most likely to have horse protection terms in contracts.
• Horses acquired through racing owners were purchased for an average price of $1,265 (30% were given away).
• Horses sold through private non-racing owners had an average price of $2,618 not including the 19% that were free.
• Horses sold through professional training or sales businesses had an average sale price of $4,646, not including the 4% given away.
• The average price at public auction was $839.

The survey respondents identified the sport of eventing as their primary riding discipline most often (37%). Hunter/jumper was second at 27%, dressage third at 13%, and then trails and recreation (English) at 9%.

The following conclusions are taken from the full survey report.

• Racehorses are placed in second careers with long-term owners through a marketplace that lacks networks and forums through which the sellers, trainers, and buyers can find one another.
• Prices and adoption fees are depressed to a level that makes subsidies for those providing transition services essential until demand rises significantly.
• The financial incentive to retire horses sound from racing does not exist until increased demand raises prices for retiring horses.

Retired Racehorse Training Project (RRTP) will respond to the results of this study with a major expansion of its work in 2014, including:

• A second Thoroughbred Makeover and National Symposium at Pimlico Racecourse on October 4 and 5 that will include more horses, more trainers, and more racing stables;
• Contracts for professional services that will re-launch its heavily trafficked web site, develop partnerships with racing and riding institutions, explore the feasibility of a publishing venture; and
• Compile, print, and distribute the first state-by-state resource directory for Thoroughbred placement.

A full copy of Exploring the Bridge to Second Careers is available through RRTP and can be read online at www.retiredracehorsetraining.org. Retired Racehorse Training Project, Ltd. is a 501(c)3 charitable organization that works to increase demand for Thoroughbred ex-racehorses while serving the farms, individuals, and organizations who transition them from racing to second careers. Go to www.retiredracehorsetraining.org for information.

The Retired Racehorse Training Project (RRTP) is a 501(c)3 charitable organization working to increase demand for retired Thoroughbred race horses as pleasure and sport horses through public events, clinics, training publications, videos and internet tools. Our mission is to facilitate the placement of retired Thoroughbred racehorses in second careers by educating the public about the history, distinctive characteristics, versatility of use, and appropriate care and training of the iconic American Thoroughbred. More information may be found at www.retiredracehorsetraining.org .

Dec 04, 2021 Profile

Now On Course: The Four Year Journey with My Horse Cross Match

On a crisp morning in December of 2016, I dragged my husband to Penn National to look at some horses to hopefully be my next eventing partner. I also had a horse to look at in Maryland at Kate Chadderton's farm. Keep in mind every horse I wanted to look at was a gelding. I did have a couple at Penn National that I really liked and then went to look at the one Kate had. After I rode the gelding at Kate's she asked me how I felt about mares. My response was, "I don't, but bring her out."

Dec 03, 2021 Convention

One Week Away! The 2021 USEA Annual Meeting & Convention Schedule is Now Available

The 2021 USEA Annual Meeting & Convention in Albuquerque, New Mexico is only one week away! Start planning your personal agenda as next week will have a jam-packed schedule starting on Wednesday, December 8 through Sunday, December 12.

Dec 02, 2021 Convention

Gallops Saddlery Renews Partnership for the 2021 USEA Annual Meeting & Convention

The United States Eventing Association (USEA) is thrilled to welcome back Gallops Saddlery as a Contributing Level Sponsor of the 2021 USEA Annual Meeting & Convention. This year’s Annual Meeting & Convention will take place at the Hyatt Regency Albuquerque in Albuquerque, New Mexico on December 9-12, 2021.

Dec 02, 2021

Important Member Updates from the November 2021 USEF Board of Directors Meeting

The USEF Board of Directors met on November 22, 2021 and approved the following Extraordinary Rule Changes that will go into effect today, December 1, 2021.

Official Corporate Sponsors of the USEA

Official Outerwear of the USEA

Official Supplement Feeding System of the USEA

Official Forage of the USEA

Official Feed of the USEA

Official Saddle of the USEA

Official Joint Therapy Treatment of the USEA

Official Equine Insurance of the USEA

Official Horse Clothing of the USEA