<?xml version="1.0" encoding="UTF-8" ?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
    <channel>
        <atom:link href="http://www.kyhorseproperties.com/blog/kentucky-horse-breeding-incentives/rss" rel="self" type="application/rss+xml" />
        <title>Kentucky Horse Blog</title>
        <link>http://www.kyhorseproperties.com/blog/kentucky-horse-breeding-incentives/</link>
        <description>Read about the latest happenings in the Kentucky horse and equine communities.  Interesting information regarding upcoming shows, events, clinic announcements and more.</description>
        <item>
            <guid>http://www.kyhorseproperties.com/blog/horse-breeders-incentives-audits-walking-horse-monies.html</guid>
            <link>http://www.kyhorseproperties.com/blog/horse-breeders-incentives-audits-walking-horse-monies.html</link>
                        <author>Home@K2GroupLLC.com (Jennifer Karlen)</author>
                        <title>Horse Breeders Incentives Audits Walking Horse Monies</title>
            <description> <![CDATA[ Irsquo;m sure everyone is aware of the Kentucky Horse Breeders Incentives Fund.nbsp;
Well, as with everything - if theres money involved, there are usually
persons looking to get more than their fair share.nbsp; Kentucky regulators
are now investigating the Walking Horse persons that received monies
from the Horse Breeders fund.nbsp; The director of the fund has requested
that the Kentucky Walking Horse Association provide letters of
certification that they did not knowingly distribute monies to those
persons that were trying to cheat the system to receive more money than
they would have normally be entitled to.

One method of a ldquo;trainingrdquo; shortcut for the Walking Horse breed is
to sore the horses feet/ankles/legs with caustic substances so that it
provides a more exagerated movement.nbsp; The technique is commonly
referred to as ldquo;soringrdquo;.nbsp; This type of behavior violated the US
Department of Agriculture Horse Protection Act.nbsp; And as such, persons
that were caught violating the Act would not be elgibile for monies
from the fund.


Over $700,000 has been distributed to the Kentucky Walking Horse
Association members in the past 2 years from the horse breeding
incentive fund.nbsp; The regulators intend to check for violations by
members.nbsp; A violation for soring is an automatic 2 week suspension for
scars on a horses feet, failure to submit to inspection, or only 1 sore
leg.nbsp; Its an automatic 8 month suspension for a horse to be sored in
both legs.


All too often Walking horse competitors will refuse to show their
horses at meets if USDA veterinarians are doing inspections - instead
of the normal paid industry vets at the shows.nbsp; 2 times this year at
Kentucky Walking Horse Association shows, horses have been withdrawn
from competition upon federal inspectors arriving on the show grounds.nbsp;
The Kentucky Walking horse participants feel that they are being
treated unfairly and the interpretation by government regulartors of
the Horse Protection Act is incorrect.nbsp; One interesting statistic is
that USDA vets identified 90 TIMES the number of violations that KWHA
vets reported at horse shows in 2007.
 ]]> </description>
            <pubDate>Sun, 08 Feb 2009 21:47:44 -0500</pubDate>
        </item>
        <item>
            <guid>http://www.kyhorseproperties.com/blog/equine-equity-act-tax-incentives-sought-for-racehorses.html</guid>
            <link>http://www.kyhorseproperties.com/blog/equine-equity-act-tax-incentives-sought-for-racehorses.html</link>
                        <author>Home@K2GroupLLC.com (Jennifer Karlen)</author>
                        <title>Equine Equity Act - Tax incentives sought for Racehorses</title>
            <description> <![CDATA[ Senator Mitch McConnell the representative from Kentucky, is
currently seeking approval for the Equine Equity Act.nbsp; This proposal
would provide tax incentives for racehorses.

The proposal is currently part of a much larger bill with The Farm Bill that was approved by the U.S. Senate last week.


This tax incentive for the Equine Equity Act would allow horse
owners to depreciate their racehorses over a 3 year period, and also it
would help them by reducing their capital gains from a 2 year period
down to just 1 year.


As The Farm Bill has currently been proposed, President Bush has
promised to veto either the House approved or Senate approved versions
of the bill.


This tax incentive would certainly spur the ongoing vigorous effort
that is being sought by Kentucky to establish itself as THE horse
capitol for the world.


It would join the ongoing effort of KEEP (Kentucky Equine Education Project), and the Kentucky Breeder Incentive Program that was recently opened up to many non-racing breeds earlier this year in 2007.


Many other states are trying to play catch up to Kentucky now with
the many currently active programs that provide incentives and
motivation for horse owners wherever they may be currently, to relocate
to Kentucky in some form or fashion to take advantage of the generous
financial climate that is being established in which for them to thrive
in their horse and horse farms businesses in Kentucky.


Senator McConnell has stated that this is one of the top tax priorities for him currently.
 ]]> </description>
            <pubDate>Sun, 08 Feb 2009 20:27:03 -0500</pubDate>
        </item>
        <item>
            <guid>http://www.kyhorseproperties.com/blog/kentucky-horse-breeders-incentive-fund.html</guid>
            <link>http://www.kyhorseproperties.com/blog/kentucky-horse-breeders-incentive-fund.html</link>
                        <author>Home@K2GroupLLC.com (Jennifer Karlen)</author>
                        <title>Kentucky Horse Breeders Incentive Fund</title>
            <description> <![CDATA[ 
The Kentucky Horse Breeders Incentive Fund was opened up to many
non-racing breeds in early 2007. These incentives can be substantial
for horses bred, foaled in KY and that perform well within their
respective breed


To give some background on the topic, the Kentucky Equine Education
Project (KEEP) has been quite successful since its launch in 2004. In
2005, the Kentucky Horse Breeders Incentive Fund was introduced. In
short, the Kentucky horse breeders incentives are funded through the
sales taxes from stud fees.


The funds are then given back as monetary awards to Breeders based
on their horses performance in their respective industry. As an
example, for Thoroughbred horse owners - the money awarded is based on
how well they performed on the track. The non-racing breeds are awarded
based on a point system within their respective associations.


Recently, in addition to thoroughbreds, many other breeds were granted funding and provided incentives in this program.


Those additional breeds and associations include:


Kentucky Appaloosa Owners Association


South Central Hackney Association


Kentucky Morgan Horse Association


Kentucky Mountain Horse


Kentucky Paint Horse Club


Kentucky Paso Fino Horse Association


Kentucky Saddlebred Owners and Breeders Association


Kentucky Walking Horse Association


Kentucky Quarter Horse Association


More breeds are likely to be added in the near future.


The funds are distributed to each association based upon the
approximate number of registered horses within each association. And
since its a self funded program, it helps create interest in horses and
farms in Kentucky while being able to sustain itself without costing
taxpayers any additional money. Its a win/win.


It appears that this program is working - and working quite well.


These incentives have created a tremendous amount of interest within
the Kentucky horse farms and real estate industries. Many persons
across the country are now wanting at least a satellite farm for
breeding and foaling purposes in Kentucky. Some are relocating their
entire horse breeding business to Kentucky.


KEEP estimates that the horse industryrsquo;s economic impact is $4
billion annually. KEEP currently has membership of over 11,000 persons
and representatives that are team leaders in all 120 counties in
Kentucky.

nbsp;

To search for LOUISVILLE or LEXINGTON Kentucky farms for sale, click the following:

 

Louisville Kentucky Farms for sale

Lexington Kentucky Farms for sale

UPDATE:


The 2007 Awards have been announced and checks will be mailed in March 2008.

Read it all here:nbsp; 2007 KY Horse Breeders Incentives Awards
nbsp;
 ]]> </description>
            <pubDate>Sun, 08 Feb 2009 16:51:48 -0500</pubDate>
        </item>
        <item>
            <guid>http://www.kyhorseproperties.com/blog/2007-ky-horse-breeders-incentives-awards-are-released.html</guid>
            <link>http://www.kyhorseproperties.com/blog/2007-ky-horse-breeders-incentives-awards-are-released.html</link>
                        <author>Home@K2GroupLLC.com (Jennifer Karlen)</author>
                        <title>2007 KY Horse Breeders Incentives Awards Are Released</title>
            <description> <![CDATA[ The Lexington KY newspaper, the Lexington Herald-Leader published the most recent KY Horse Breeders Incentivesnbsp;Awards that have been released.

The fund generated $19,220,007 for 2007.nbsp; The amounts are being distributednbsp;as follows:


80 Thoroughbred breedersnbsp; (approximately $15.4 million)


13 Standardbred breeders (approximately $2.5 million)


7 Qualified other breeds (approximately $1.34 million)


$446,629 Kentucky Quarter Horse Association


$387,506 Kentucky Walking Horse Association


$165,178 Kentucky Mountain Horse


$146,381 Kentucky Saddlebred Owners amp; Breeders Association


$115,323 Kentucky Paint Horse Club


$61,570 Kentucky Appaloosa Owners Association


$16,872 Kentucky Morgan Horse Association


$16,408 South Central Hackney Association


$14,139 Kentucky Paso Fino Horse Association


The money will be sent by checks mailed in late March 2008 and is being overseen by the Kentucky Horse Racing Authority.


Thanks again goes to Senator Damon Thayor, R-Georgtown who is the
legislative author for the Kentucky Horse Breeding Incentives programnbsp;
It helps establish Kentucky as THE worldrsquo;s leading horse friendly
community.


For those persons interested in purchasing their own horse farms in KY, please select one of the following to search the MLS:


KY Horse Farms For Sale in Lexington.


Kentucky Horse Farms For Sale in Louisville.
 ]]> </description>
            <pubDate>Sun, 08 Feb 2009 16:45:42 -0500</pubDate>
        </item>
    </channel>
</rss>