Kentucky Quarter Horse Association, Inc.

        P.O. Box 85

        Eastwood, KY 40018-0085

        Info2@kyqha.com

        www.kyqha.com

        

FOR IMMEDIATE RELEASE                                                        

Kentucky’s Quarter Horse Breeders’ Incentive Fund

Competition Year 2022 Results Announced

Over $4.8 million awarded since start of program 

_____(August 10, 2023) – With the total fund showing increases over the last ten consecutive years, the Kentucky Quarter Horse Association’s Breeders’ Incentive Fund (BIF) continues to demonstrate healthy growth for owners of Kentucky-bred American Quarter Horses wherever they may be showing each, and every, year. Growth in the fund and strong market demand for BIF foals that show or race, and are produced here in the Commonwealth, remain a bright spot for the industry.  Since inception, over $4.8 million has been awarded.

_____Payouts are based upon points earned in AQHA events.  The allocation to American Quarter Horses rose for an eleventh consecutive year to a total of $424,592.00 for 2022 events. The average value of a show point for 2022 was $98.68, while the average value of a race point was $20.90.

_____The aim of Kentucky’s Quarter Horse leaders was not to subsidize producers solely for operating in the Commonwealth, as have some other breeds, but rather to reward the buyers of Kentucky-breds for showing or racing successfully. This structure has incentivized buyers, most of them from other states, to prefer Kentucky-bred Quarter Horses when purchasing their prospects.

_____ KyQHA BIF program has followed these fundamental reasons for the positive impact of the Quarter Horse program as noted by Norm K. Luba past chair of the BIF Program:

“Our program has arguably demonstrated the most dramatic successes of all the breed programs

written into law in 2005 and it is because of its basic approach. Rather than award the bulk of our

funds as prize money or subsidies to existing breeders, the lion’s share of our fund has always been

paid directly to all the buyers and exhibitors of our horses, regardless of where they lived, raced or

showed.  This clearly increases market demand for our product, which has served our industry much

better than if we paid the money to predominantly. Breeders breed here, and buyers pay us more, in

hopes of earning awards from our BIF. Our economic growth proves that it works.”

_____In keeping with the established protocol, all data regarding the horses, points earned, award amounts, and other relevant information will be posted on KyQHA’s website for thirty days to allow public review.

The direct link for the show results is available by clicking on:

_____[BIF 2022 General Show Information] - Updated 9/6/23

_____[BIF 2022 View Show Awards] - Updated 9/6/23

 

The direct link for the race results is available by clicking on:

_____[BIF 2022 General Race Information] - Updated 8/16/23

_____[BIF 2022 View Race Awards] - Updated 8/16/23

_____Award winners must have been current members of both the AQHA and KyQHA as of July 1, 2023 in order to be eligible for awards.

_____Any inaccuracies or suspected improprieties must be reported to the KyQHA within the thirty-day review period. Report all suspected inaccuracies to info2@kyqha.com by end of day on September 11, 2023.

_____The KyQHA is the only official affiliate of the American Quarter Horse Association in Kentucky. More information about the KyQHA BIF, membership forms, as well as other programs of the KyQHA can be found by visiting the web site at: www.kyqha.com.

###

Previous Guidance for KYQHA BIF