Are HRV broke?

[Messenger]

The ramifications of the HRV cuts

HRV’s “pathway to sustainability” savaged VicBred futurities, previously up to $12000 under the VicBred “Pure” scheme (progeny from Victorian-based mares bred to a Colonial-bred stallion), and will be capped at $5000 in 2025.

Northern Rivers Equine and Llowalong Farms Principle Kath McIntosh said studs had been “caught on the hop” and breeders had responded immediately with their decisions for the current season.

“Usually we breed over 100 mares, and we would usually rebreed 75 percent of those mares that we foal down each year,” McIntosh told Paul Campbell, of Campbells Comments.

“This year I think we would be lucky to be rebreeding 40 – people are just not wanting to breed,” she said.

https://harnesslink.com/australia/st...an-breeders-2/

[trish]

Looking at the prizemoney for the Breeders Crown finals is sad.

[Messenger]

It is really sad Trish.
$100k
When Ladies In Red won the 2yo, five years ago, it was $300k
When Led Suitcase won fifteen years ago in 2009, it was $311k
Even twenty years ago when Molly Darling won it was $190k

$100k would not even buy half of what it would twenty years ago, so it really is pathetic BUT it is reality for HRV

If young people in Vic see harness as their profession, they really need to consider leaving Vic or maybe think again
I know they are our future but are we able to provide them with a decent one?

[trish]

Does not look like it.
I do not know how they are going to get on top of this huge problem. You are in the game because you love the horse or to make money, the latter is a must for everyone though.
These young people of today are lucky they are part of the generation that inherits property because there is no way anyone could afford to buy one or even pay rent with harness racing as you career.

[Messenger]

Victorian harness racing’s first-win bonuses will be restored to $7000 for two and three-year-olds after $1.37 million was reallocated into the Vicbred scheme

But understandably the money has to come from somewhere

To fund the increases, Vicbred scheme fees will be increased, prizemoney will be reallocated from feature races, and processing fees will be restored.

Almost half of the funding will come from doubling the Vicbred scheme fees, which had been unchanged since 2007. Those who pay per year will see their fee increase from $220 to $440 per annum, while the series fee will double from $440 to $880.

A further $400,000 will be reallocated from features races, with the A G Hunter Cup to run for $250,000, in line with the Victoria Cup and Great Southern Star.

The Vicbred Super Series pacing finals will be run for $100,000, down from $150,000, while the trotting finals will be run for $75,000, with finals night worth $1.05 million.

HRV will also restore processing fee charges for leases ($83.60), foals ($220) and transfers ($75) from January 1, which had previously been absorbed but will now indirectly compensate Vicbred. There will remain no naming fee for Vicbred horses.

https://www.thetrots.com.au/news/art...rom-january-1/

[Messenger]

NZ greyhound news has been moved to Odds and Ends

[gutwagon]

I can see where they are trying to make some money, it's $25 just to nominate for a trial now !

[Njcstables]

I can see where they are trying to make some money, it's $25 just to nominate for a trial now !

That's got nothing to do with hrv Rick. The clubs run trials and set their own fees to enter.

[Messenger]

The kindred bodies have put out this update, which I will attempt to copy here (over four posts)

[Messenger]

Pts 1 & 2