APHA Announces Changes to Breeders Trust Program For 2015
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PHJ press release by: Jessica Hein
Currently, the initial Breeders’ Trust enrollment is lifelong for eligible horses, regardless of the number of owners that horse has in its lifetime. Beginning in 2015, that original Breeders’ Trust enrollment will be valid for the initial owner/nominator plus one transfer of ownership. If the horse changes hands again, the new owner(s) must pay a $100 re-enrollment fee to receive the owner’s share of annual Breeders’ Trust payouts.
Re-enrollment of the horse is completely optional and will not affect payouts for the horse’s nominator or the stallion subscriber; they will continue to receive their portions of any earned Breeders’ Trust funds generated by that horse regardless of the owner’s choice to participate in the program. Each subsequent owner of the horse will receive the option to enroll in the Breeders’ Trust program for the $100 fee, though it is optional. If the owner decides to not re-enroll in the Breeders’ Trust, they forfeit the owner’s portion of any Breeders’ Trust funds earned by that horse.
“With the decline in the Breeders’ Trust payouts per point in recent years, APHA was charged with finding an alternative funding method to keep the program strong,” Director of Breeders’ Trust Steven Imhof said. “This is a way for the horse owner to contribute to the program much like the stallion owner and foal nominator already do. The owner receives 70 percent of the payout, so it seems logical for them to also contribute.”
Horses impacted by the change will be notified via advertisements and direct communication from APHA. A form will be created and the re-enrollment information will be placed on the new registration certificates of affected horses as those papers circulate through the APHA office.
For more information about the Breeders’ Trust program, contact Director of Breeders’ Trust/Breeders’ Futurity Steven Imhof at (817) 222-6441 or by email at simhof@apha.com.
