The New York State Thoroughbred Breeding and Development Fund, established in 1973, has helped shape the New York State thoroughbred industry, making it the benchmark of thoroughbred programs around the world.
The Fund's mission statement is "To promote by monetary incentives the responsible breeding of quality thoroughbred racehorses in keeping with the founding legislation to preserve New York's irreplaceable farmland."
The Fund is the regulatory body of the New York Breeding and Racing Program. The Program distributes over $52,000,000 per year in the form of incentives, breeder awards, stallion awards, owner awards, and purse money for New York-bred horses.
A son of Posse, who breezed the fastest quarter mile at the under tack shows, commanded the highest price for a New York-bred at Monday’s first session of the Fasig-Tipton Midlantic sale of 2-year-olds in training in Timonium when purchased by trainer Bruce Levine for $110,000.
Repole Stable’s Notacatbutallama (Harlan’s Holiday), freshened since a wide-trip sixth in the Grade 2 Jerome on January 5, made a huge move in the far turn from near the back of the field to finish third in the one-mile, $100,000 James W. Murphy Stakes.
Ogermeister, bred by Mrs. Gerald Nielsen and owned and trained by Wesley Ward, won NYRA’s first juvenile race of the year by six lengths on Thursday, rewarding backers who bet him down to 2-5 favoritism.