What the Industry is Saying About…
January 8, 2016 Comments Off on What the Industry is Saying About…
The Equine Chronicle Question on everyone’s mind: “What do you think about various breed associations allowing youth and amateurs to lease a horse, rather than having to buy one to show?”
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It’s a saying we all know too well: You can lead a horse to water, but you can’t make it drink. Linguists estimate the phrase originated back in the year 1175, so man’s ability, or lack thereof, to control a horse’s water intake has been on our minds for centuries – literally!
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Many of us have doodled horses since childhood, filling notebook margins and scraps of paper with our attempt to capture the beauty and majesty of the animals we love. For every ten frustrated artists, there are those truly gifted craftsmen who have the ability to transform paper, canvas, or clay into evocative works of equine art.
Continue reading …Minority Report – Young Male Competitors in a Ring Full of Girls
January 5, 2016 Comments Off on Minority Report – Young Male Competitors in a Ring Full of Girls
A lone, rather plain ship bobs along a sea of sparkles and bright colors. He tends to stick out from the crowd because his attire lacks all the glitz. Then again, he also blends in with the wall, so he’ll pilot his horse a little more to the front to let his ride shine. This might be the lone male rider in a youth Western Pleasure class or the only young man competing in Showmanship.
Continue reading …Tax Matters – Things To Look Out for in Audits of Horse Activities
January 4, 2016 Comments Off on Tax Matters – Things To Look Out for in Audits of Horse Activities
The U.S. House of Representatives is considering a resolution to impeach IRS Commissioner John Koskinen for violation of the public trust, failing to comply with congressionally issued subpoenas, and misleading the public over IRS practices of targeting conservative groups in audits.
Continue reading …Gil Galyean – NSBA’s First Million-Dollar Man
January 3, 2016 Comments Off on Gil Galyean – NSBA’s First Million-Dollar Man
Congress wins are always memorable; but for Gil Galyean, the 2015 Quarter Horse Congress will stand out for a very special reason. It was during the Congress that he became the first rider in NSBA history to record more than $1 million in earnings. As scores were tallied during The Equine Chronicle Masters Two-Year-Old Western Pleasure class, a ceremony to mark his achievement was held in the center of the arena.
Continue reading …Mike & Joanne Garnett – Horse Life
January 2, 2016 Comments Off on Mike & Joanne Garnett – Horse Life
Mike and Joanne Garnett of Lincoln, Nebraska are a powerhouse couple in the AQHA Select Amateur arena, yet they are quick to flash a smile and always ready to cheer on their fellow exhibitors. Horses brought these two together and continue to be the focal point of a successful marriage and a fulfilling lifestyle.
Continue reading …Cody Parrish- Young, Up-and-Coming
January 1, 2016 Comments Off on Cody Parrish- Young, Up-and-Coming
From the very beginning, there was little doubt Cody was on an upward trajectory in the industry based on his career as a youth competitor. Growing up on the family’s beautiful 64-acre farm in South Georgia, he was in the saddle from the time he could sit up.
Continue reading …Tax Matters – Horse Syndications Are Coming Back?
December 31, 2015 Comments Off on Tax Matters – Horse Syndications Are Coming Back?The Tax Court has recognized that horse racing or breeding is a highly speculative venture, but that “an opportunity to earn a substantial ultimate profit in a highly speculative venture is ordinarily sufficient to indicate that the activity is engaged in for profit even though losses or only occasional small profits are actually generated.”
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The holiday season has come and gone and as we enter the 2016 breeding season, the business of breeding horses is in full swing. Babies are born, breedings are booked and broodmares are made ready, all with thoughts of the 2017 foal crop and the next “great one”.
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