NEW YORK STATE THOROUGHBRED BREEDING AND DEVELOPMENT FUND CORPORATION SARATOGA SPA STATE PARK 19 ROOSEVELT DRIVE-SUITE 250 SARATOGA SPRINGS, NY 12866 Since 1973 PHONE (518) 580-0100 FAX (518) 580-0500 WEBSITE www.nybreds.com

DIRECTORS EXECUTIVE DIRECTOR John D. Sabini, Chairman Tracy Egan and Chairman of the NYS Racing & Wagering Board Darrel Aubertine, Acting Commissioner NYS Dept. of Agriculture and Markets CHIEF FINANCIAL John A. Tesiero, Jr., Chairman OFFICER NYS Racing Commission Michael DeMarco Harry D. Snyder, Commissioner NYS Racing Commission Joseph G. McMahon, Member John A. Graziano, Jr., Member REGISTRAR William B. Wilmot, DVM, Member Howard C. Nolan, Jr., Member Barbara C. Devine Edward F. Kelly, Member Jeffrey Cannizzo, Member

January 31, 2012

To: The Honorable Andrew Cuomo Members of the New York State Legislature

On behalf of the Board of Directors of the New York Thoroughbred Breeding and Development Fund, I am pleased to present this annual report for 2011. This report includes information about revenue, award payments, research funding, promotional spending and operational improvements to the Fund during the past year.

New York’s reputation as the home of world-class Thoroughbred horses continues to be bolstered by the Fund’s efforts. The Empire State is now the sought-after home for stallions from Kentucky, California and the rest of the country. Additionally, horses competing in New York are being claimed at unprecedented rates.

The debut of Resorts World Casino New York City at Aqueduct in October marked a significant highlight for the Fund and the industry, which directly benefit from revenue generated by video lottery terminals (VLTs). Between the facility’s opening and January 2012, it contributed more than $1 million to the Fund, which will distribute the revenue to the breeding industry in the form of increased breeder awards.

The Fund expects to receive a total of $7.6 million in revenue from Resorts World Casino New York City in calendar year 2012. The VLT revenue breathed new life into the Thoroughbred

Breeding and Development Fund, as the Board of Directors increased breeders and stallion awards based on the anticipated revenue boost.

Another positive development and an indication that New York-bred Thoroughbreds remain in demand is double-digit increase in the sale of New York-bred yearlings at the 2011 Fasig- Tipton sale at Saratoga.

In the aftermath of 2010’s closure of New York City OTB Corporation, the developments of the past year signify optimism for the future of Thoroughbred breeding in New York State.

Looking ahead through 2011 and beyond, the Fund will continue to deliver benefits to the Thoroughbred industry in New York and contribute to the agricultural viability and general economic health of the state.

Sincerely,

John D. Sabini, Chairman

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Executive Summary

As the thoroughbred industry looks back on 2011, we believe experts will say the business bottomed out, turned around and bounced back best of all in New York State thanks to gutsy breeders who survived the storm, political leadership that delivered on the VLT promise made ten years ago to the state’s racing and breeding industries, and decisions made by the New York Thoroughbred Breeding Fund’s Board of Directors.

Industry observers such as Eclipse Award-winning Turf writer Paul Moran lauds our programs, saying “The New York breeding program is already the best in the U.S. in terms of incentives, and will see unprecedented prosperity.”

This 2011 report highlights NY-bred performances on the racetrack, in the breeding shed, and in the sales ring. It also provides a full accounting of revenue receipts and disbursements of breeders’ award payments to breeders, owners and stallion owners. The reader will find analysis of the New York State Thoroughbred Breeding and Development Fund’s role in holding the line on farm count and foal production, and in attracting promising stallions to New York State.

American and international earnings by NY-breds totaled $64,904,722 in 2011. The hero of the 2010 edition of Japan’s Grade I Mile Championship, A Shin Forward, retired at the end of 2011 to stand stud at Japan’s Lex Stud in Hokkaido. Bred in New York’s Hudson Valley by two-time NY Breeder of the Year Vivien Malloy’s Edition Farm, the Forest Wildcat horse retired as the second-highest-earning NY- bred ever ($3,421,360) with a record of 6 wins from 31 starts. Kentucky Derby winner Funny Cide remains the state’s top earner of all time with $3,529,412, earned strictly on American tracks.

Other highlights of the year include back-to-back Grade I wins by the two-year-old NY-sired NY-bred Weemissfrankie, and the Breeders’ Cup Mile win by Caleb’s Posse, a son of the leading NY sire for 2011, Posse. Another New York powerhouse stallion, Freud, sired Giant Ryan, who had a six-race win streak in 2011 and took the Grade I Vosburgh in a typical burst of gate-to-wire speed. And New York- bred Mission Approved, who was claimed for a tag of $35,000 in 2010, took a long break to come back stronger than ever and take down the lion’s share of the $400,000 purse in Belmont’s Grade I Manhattan Handicap in June of 2011.

NY-breds continued to perform admirably compared to runners from other states, with average earnings per starter in North America of $18,126.

Milestones

Sadly, 2011 saw the passing of both equine and human stalwarts who nobly served the New York racing industry.

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Joseph Lynch, Chief of Operations of the NYS Racing and Wagering Board, died at age 64 in January. He wore his title humbly but knew that his colleagues in the industry gave him the affable moniker “the go-to guy” for his ability to answer questions based on his deep knowledge of racing rather than having to look up the answer in a book. The Saratoga native would have been proud that a race for NY-breds was named “The Joe Lynch Memorial” in his honor this past August.

On the equine front, NY-bred and Eclipse Champion Fleet Indian was euthanized in October after developing complications from colic. A foal of 2001, Fleet Indian won the Eclipse Award as champion older mare in 2006. Her accomplishments will forever be intertwined with the passion for thoroughbreds exhibited by Olivia M. Saylor, the late daughter of Paul H. Saylor who raced Fleet Indian in his colors for the mare’s remarkable record of stakes wins in 2006. Henceforth, the scholarships provided by the Race for Education for the children of industry workers will be called the Olivia M. Saylor/Fleet Indian Scholarships. Olivia was only 21 when she died tragically in a house fire in January 2011.

Video Lottery Terminals

The New York Thoroughbred Breeding and Development Fund Corporation (“the Fund”) and its stakeholders held their collective breath as they waited for the frequently delayed opening date of the Resorts World Racino to finally arrive.

On October 28, 2011 the gates opened, the parking lots filled, and approach roads backed up with traffic for many city blocks as a public longing for its first taste of a New York-based casino-style experience made its way to the betting palace. Visitors must have liked what they found at the racino, because the Video Lottery Terminals took in an average of $445 per machine per day between the start date and midnight on New Year’s Eve.* This was crucially important to the Fund, as it receives 1% of the casino’s profits during the first year of operation. For 2011, the brief two-month operation brought in $898,572 to the Fund.

With every delay, the Fund recalculated the tight 2011 budget and maintained a 30% withholding rate on breeders’ awards to ensure that breeders whose horses earned awards money at the end of the year would not be impacted more severely than those with award winners at the beginning of the year should the VLT start date be pushed back to 2012. With 2011 wrapped up, it’s clear that all withholdings will be paid out by the Fund in early 2012 (pending approval of the Board of Directors at their Feb. 16 meeting).

Financial Outlook

The Fund finished the year in good financial shape for several reasons: ♦ We estimated a daily win rate per machine far below what actually occurred. ♦ Lower amounts than forecast were paid out in breeders’ awards. ♦ We correctly anticipated that the handle would continue to decline both on-track and at the state’s remaining Off-Track Betting operations. ♦ We instituted cost-saving measures in 2011.

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♦ The pickup in NYRA business made up for roughly one-third of the revenue lost by the Fund due to the demise of NYC OTB.

Promotion

This improved financial landscape allowed the Fund to conduct some promotional spending on its own behalf and to plan for the establishment of scholarship programs for college students who are likely to pursue careers in the equine or agricultural industry here in New York. The Fund also conceived an idea to link tourism and racing, as outlined in our Promotion and Advertising section.

Rule Change

The Board of Directors brought closure to a sad episode of animal abuse at the former Center Brook Farm in Climax, NY by adopting a formal rule that animal abusers will be barred from collecting any amount of awards money from the Fund’s programs.

Mission Statement Change

The Authorities Budget Office requested that the Fund board review its original mission statement with an eye towards revamping it to reflect current Fund goals. More can be read about this subject elsewhere in this report.

Swift Response to VLT Revenue

Just six days before the grand opening of Resorts World Racino, the Fund’s Board of Directors reviewed the revenue and spending studies compiled by Fund CFO Michael DeMarco and concluded that they could safely make increases in two Fund award programs. As the reader will find later in this report, the award hikes were highlighted in an end-of-year ad campaign to woo pregnant mares to New York State in an attempt to reverse the decline in the foal crop that began in 2005 and continued through 2011.

Economic Contributions

Since 1973, the Fund has been responsible for the injection of more than $360 million into our agricultural and equine economy. The breeding incentive awards program administered by the Fund, which contributed to decades of growth, helped many stakeholders in our state survive the downturn experienced nationwide by the thoroughbred industry over the past several years. In 2011, the Saratoga County Industrial Development Agency determined that the economic activity generated by NYRA’s Saratoga Racecourse (thoroughbreds), Saratoga Racing and Gaming (standardbreds), and area breeding farms has a $200-million impact on nine upstate counties annually. Fund staff would like to suggest that

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it’s time to have a statewide study conducted to determine the total impact that all racing and equine activities have on the state’s economy.

Research

It is with great pride that the Fund continues to support equine research and education as part of its efforts to help foster advances in equine health. Most significant is that we will continue to make contributions for the important research conducted by Cornell University’s Zweig Memorial Fund, to which the Fund allocated a total of $218,500 in 2011.

This report provides an outline and some examples of the Breeding Fund’s advertising and promotional activities, a chart comparing various states’ breeding incentive programs, and the comments of a number of industry members on the benefits of the New York Thoroughbred Breeding and Racing Program.

* Source: NYS Lottery

The pages immediately following this Executive Summary contain graphs showing trends in the New York Thoroughbred Breeding Program as well as data on the overall status of the industry.

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Breeder Awards

$7,766,065 $7,905,269 $7,474,838 $8,000,000 $7,148,284 $6,532,919 $6,817,331 $6,646,168 $7,000,000 $6,336,790 $6,496,055 $6,300,452 $5,747,661 $6,000,000 $5,000,000 $4,000,000 $3,000,000 $2,000,000 $1,000,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Stallion Awards

$3,000,000 $2,592,781 $2,629,828 $2,451,903 $2,370,035 $2,500,000 $2,217,057 $2,213,774 $1,984,053 $1,919,812 $1,799,552 $2,000,000 $1,559,215 $1,665,089 $1,500,000 $1,000,000 $500,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Open-Company Owner Awards

$1,600,000 $1,458,310 $1,424,780 $1,388,649 $1,311,678 $1,372,430 $1,340,363 $1,400,000 $1,273,002 $1,145,343 $1,152,287 $1,200,000 $1,107,667 $1,000,000 $859,621 $800,000 $600,000 $400,000 $200,000 $0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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Mares Participating in the New York Program

3,900 3,900 3,600 3,534 4,000 3,400 3,500 3,475 3,169 3,500 2,828 2,735 3,000 2,439 2,500 2,000 1,500 1,000 500 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Resident Mares

3,388 3,395 3,250 3,500 3,100 3,150 3,040 3,084 3,000 2,826 2,478 2,500 1,976 1,875 2,000 1,500 1,000 500 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Total Mares Bred

3,296 3,302 3,500 3,006 2,938 2,898 2,949 3,000 2,607 2,575 2,451 2,500 2,121 2,132 2,000 1,500 1,000 500 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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US Foal Production

33,315 33,671 33,413 34,070 34,200 34,350 33,550 35,000 32,235 31,727 27,800 30,000 24,900 25,000

20,000

15,000

10,000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

New York State Foal Production

2,183 2,209 2,022 2,100 1,985 1,968 1,910 1,925 1,888 1,788 1,610 1,600 1,450

1,100

600 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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2011 – The Year in Review

By Mike Kane

A pair of Grade 1 triumphs in California carried the 2-year-old filly Weemissfrankie to national prominence and on to the Breeders’ Cup, where she was third in the Juvenile Fillies, as well as to the top spot on the 2011 earnings list for New York-breds, with $559,920.

Weemissfrankie’s victories in the Del Mar Debutante and the Oak Leaf made her the first New York- bred to win two Grade 1 races in the same year since Indian Blessing achieved the feat in 2006. Since 1981, seven New York-breds have had Grade 1 doubles in the same year, and four others have won two Grade 1’s but in different years. Kentucky Derby, Preakness and Jockey Club Gold Cup winner Funny Cide is the only New York-bred to finish first in three Grade 1’s.

Like the Triple Crown series, New York’s Big Apple Triple races were won by three different horses. Preachintothedevil was a player in all three, winning the Mike Lee, finishing second to Socialsaul in the New York Derby, and running third behind Bigger Is Bettor and Socialsaul in the Albany.

Giant Ryan and Inherit the Gold each won four black-type races in 2011, while Hessonite, Compliance Officer and Ava K. won three apiece. Victories in the Grade 1 Vosburgh Invitational and Grade 2 Smile helped Giant Ryan finish second on the earnings list, a mere $430 behind Weemissfrankie at $559,490. Compliance Officer was third at $305,050, Inherit the Gold seventh at $241,084, and Hessonite eighth at $239,600.

By the late sire Sunriver out of the Hidden Point Farm mare Starinthemeadow, the chestnut filly Weemissfrankie was purchased for $175,000 at the Ocala Breeders’ Sale Company’s April sale. She was foaled at Empire Stud near Hudson.

California-based trainer Peter Eurton, representing a group of longtime clients, said he spent more than expected to land the filly. Weemissfrankie turned out to be a bargain buy in a year in which New York- bred prices at auction showed huge increases.

A total of 705 New York-breds were sold in 2011 for a total of $27,371,414. Weanling prices jumped 73 percent, yearlings were up 35 percent, and the prices for 2-year-olds in training increased by a remarkable 88 percent.

The spike came in the year following the announcement that the long-delayed video lottery terminal (VLT) casino would open in 2011 at Aqueduct Racetrack, positively impacting purses and the state’s incentive programs. The increases in sales prices reversed the downward trends of recent years, and in some cases produced record figures for New York-breds.

On racetracks in North America, a total of 3,513 New York-breds earned $63,677,618 in 24,055 starts. It was the fourth straight year of fewer horses and starts made – which is in line with the national trend in

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an era of shrinking foal crops – but average earnings per start for New York-breds increased for the first time since 2008.

Eleven different New York-breds won a total of 14 graded stakes in 2011, and another 11 won ungraded unrestricted stakes.

Landing on both lists was the sprinter Giant Ryan. The 5-year-old son of the outstanding sire Freud had a terrific six-victory season for Bisnath Parboo, who trains the horse for his son, owner Shivananda Parboo.

Giant Ryan won the Vosburgh at Belmont Park on October 1 at odds of 12-1, the Grade 2 Smile at Calder Race Course on July 9, and the ungraded Ponche on June 6 at Calder. He completed his season with an eighth-place finish in the Breeders’ Cup Sprint.

Mission Approved picked up a surprise Grade 1 victory in the Manhattan Handicap on the Belmont Stakes Day program. The 7-year-old With Approval horse, bred by Dr. William F. Coyro Jr. and owned by Terikchand Chatterpaul, defeated a field of nine turf runners, including the champion Gio Ponti.

Weemissfrankie’s dam Starinthemeadow produced two New York-breds before being relocated to Florida by Hidden Point Farm. Her progeny includes a 2-year-old Florida-bred full sister to Weemissfrankie. Following Weemissfrankie’s success at Del Mar and Santa Anita, Starinthemeadow’s value soared and she was sold in foal to Leroidesanimaux for $220,000.

In the Breeders’ Cup, Weemissfrankie finished behind the unbeaten champion My Miss Aurelia and Grade 1 Spinaway winner Grace Hall. Weemissfrankie stumbled badly at the start of the Grade 1 Hollywood Starlet in December, but recovered and finished a competitive fourth. She came out of the race with a non-displaced leg fracture, underwent surgery and is expected to be able to resume her career in 2012.

Prior to the Hollywood Starlet, Eurton said that Weemissfrankie was very mature. “She acts older than her age,” he said. “She’s pretty low-key, not overly spirited, very quiet. She may buck a little when you put a rider up.”

The list of New York-bred stakes winners in 2011 begins with Final Mesa’s triumph in the Grade 3 Old Hat on January 5 at Gulfstream Park. Adirondack Summer finished first in the Dania Beach Stakes on January 16, and Band Box won the Private Terms on March 19 at Laurel in Maryland. A week later at Aqueduct, R. Betty Graybull took the top prize in the Ladies Handicap.

Be Bullish kicked off April with a win on the first day of the month in the Mr. Nasty Stakes at Aqueduct. On April 2, the veteran steeplechaser Sunshine Numbers won the Grade 3 Carolina Cup Hurdle Stakes at Camden, South Carolina, and Inherit the Gold won the Grade 3 Excelsior at Aqueduct.

Straight Story captured the Grade 3 Fort Marcy on the turf at Belmont Park on May 7. Friend or Foe won the Easy Goer at Belmont on June 5, Giant Ryan took the Ponche on June 11 at Calder, and Street Game finished first in the Grade 3 Hill Prince on June 18 at Belmont Park.

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th In July, Giant Ryan prevailed in the Smile on the 9 and Miss Valentine won the Serena’s Song on the 16th at Monmouth Park. After Giant Ryan won his fifth straight in the Smile, trainer Bisnath Parboo gave him a lengthy layoff, training him up to his victory in the Vosburgh.

At Saratoga, Ahvee’s Destiny won the Smart and Fancy Stakes on August 1, while Go Tiger Jack was the winner of the Barksdale Stakes at Louisiana Downs on August 16.

Future Prospect grabbed the Grade 3 Kentucky Cup Stakes at Turfway Park on September 24, and Miss Valentine added some more black type to her resume with a win in the Mom’s Command on September 28 at Belmont Park.

Pure Gossip hit the wire first in the Grade 3 Miss Grillo at Belmont on October 2, and The Funky Express was the winner of the Small Wonder on October 15 at Delaware Park.

There was a pair of NY-bred Grade 2 winners in November: Straight Story in the Autumn Stakes at Woodbine in Toronto on November 12, and Lovely Lil in the Go for Wand on November 25 at Aqueduct.

Straight Story, trained by Alan Goldberg for Richard Santulli, won on the lead for jockey Jesse Campbell. "He broke sharp and we just let him run his own race,” Campbell said. "We thought we'd be laying second. He's pretty adamant, the horse, when he left the gate to be on the lead. I let him get comfortable and tried to get away at the top of the lane. I didn't want to let somebody come to me, I wanted to open it up and try to hold on. He ran really game."

The longest shot in the field of 10 at 38-1, Straight Story paid $78 and earned $159,904 in purse money. The son of Giant’s Causeway, foaled at Gallagher’s Stud, has a 7-6-0 record from 22 starts, with earnings of $736,000.

Compliance Officer completed a memorable and productive year for owner Thomas La Marca and trainer Bruce Brown with a victory under Alex Solis in the Claiming Crown Emerald on December 3 at Fair Grounds in New Orleans. Compliance Officer won six of eight starts in 2011, four of them stakes. La Marca and Brown claimed the gelding for $35,000 on November 18, 2010 and put him away for the winter. He had been trained by Saratoga Springs native Terri Pompay for Klaravich Stable and William Lawrence.

“Bruce has done a fabulous job and Alex fits him to a ‘T’,” La Marca said. “It’s been like a fantasyland.”

Weemissfrankie’s third in the Juvenile Fillies was the top finish by the six New York-breds that competed in the Breeders’ Cup. In addition to Giant Ryan, the other native New Yorkers to compete on racing’s biggest stage were Pure Gossip, Royal Bonnie, Dayatthespa and Compliance Officer, who had a tough trip and finished 11th in the Mile.

“The post really hurt him in the Breeders’ Cup,” Brown said after the Claiming Crown win. “When he’s tucked behind horses he relaxes. In the Breeders’ Cup he got hung wide. Today he was able to tuck in and that’s the secret.”

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Two of the top runners in New York-bred history completed their careers in 2011 and moved into stud duty. Two-time New York Horse of the Year Haynesfield captured the McMahon Adena Empire Classic for the second time on October 22, and was retired following a fourth-place finish in the Grade 1 Cigar Mile in November. Owned by Harvey Weinstein’s Turtle Bird Stable, Haynesfield won 10 of 19 starts, eight of them stakes, and ranks 13th on the NY-bred career earnings list with $1,319,481.

A Shin Forward, bred by Edition Farm, was winless in his final season of racing in Japan, but the son of Forest Wildcat left the track for the stallion barn with a 6-3-3 record from 31 starts, and his earnings of $3,421,360 rank second on the New York-bred career list to Funny Cide.

New York-bred stakes, which are run throughout the year, were on the NYRA programs at Aqueduct on the first and last days of 2011.

The Jockey Club limits the names of thoroughbreds to 18 letters, which includes spaces and punctuation marks. Appropriately, a January 1 stakes race with a name that consumes all 18 letters, the $60,000 Champagneforashley, was won by a horse whose name also goes the distance: Preachintothedevil. Jeffrey Tucker bred the 3-year-old bay colt, who races for Crossed Sabres Farm.

R. Betty Graybull got her season off properly and set the stage for her score in the Ladies in March with a victory in the $60,000 Leecoo Stakes on January 13. The daughter of Hall of Famer Holy Bull was bred by Pegasus Farms. On January 26, Inherit the Gold started his big 2011 by capturing the $60,000 Mr. International Stakes. The homebred son of Gold Token races for Glas-Tipp Stable and Suzanne Hooper, and is trained by James Hooper.

In February, breeder-owner Adam Madkour’s Spa City Princess won the $60,000 Belle Born Stakes on the 5th, and Earle Mack’s veteran Icabad Crane won the $60,000 G’Day Mate Stakes on the 17th. Eminent Tale, bred by Thomas-Narlinger LLC and Tony Grey, took the $60,000 Undaunted Mettle on the 18th, and Be Bullish closed the month with a win in the $65,000 Hollie Hughes Stakes, a race named for the Hall of Fame trainer who for decades handled the horses of the Sanford family of Amsterdam. Be Bullish, by Pure Prize, was bred by Carol and Herbert Schwartz.

March was a busy month for New York-breds, with R. Betty Graybull topping open-company horses in the Ladies, Bandbox taking the Private Terms at Laurel, Inherit the Gold and Eminent Tale picking up their second stakes wins of the year, and Meese Rocks, Ava K. and Lots of Stones gaining black-type victories. Meese Rocks snagged the $65,000 Broadway Stakes for fillies and mares on the 5th, Ava K., bred by Sugar Maple Farm and H. Lewis Rappaport, took first in the $60,000 Proud Puppy for 3-year-old fillies on the 11th, and Inherit the Gold won the $65,000 Kings Point the next day.

Eminent Tale, a son of Read the Footnotes, followed up his win in the Undaunted Mettle with a victory in the Sweet Envoy on March 13. Lots of Stones, bred and owned by Roddy Valente, won the $60,000 Ruby Rubles Stakes on March 31.

Be Bullish was back in the winner’s circle on April 1, when he beat open-company runners in the $60,000 Mr. Nasty. The Dresden Farms-bred Sunshine Numbers got his graded steeplechase win on the Carolina Cup program on the 2nd, the same day that Inherit the Gold won the $100,000 Excelsior at

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Aqueduct, his third triumph of the year. Midnight Visit won the $60,000 Love is Eternal Stakes on the 3rd for Thoroughbred Futures Racing and trainer Todd Pletcher. The Henny Hughes filly was bred by Dr. Jerry Bilinski and Harry Patten.

Giant Ryan picked up his first stakes win of the season on April 6 in the Hamlet, and owner-breeder Barry K. Schwartz’s 3-year-old Bold Deed won the one-mile Packett’s Landing on April 10. Spa City Princess was a winner again on the 13th in the $60,000 Chase the Dream, and Stormy’s Majesty got to the wire first in the Noble Nashua on the 22nd to earn the winner’s share for Well Spring Stables. The John Terranova-trained Chorus Music earned the top prize in the $60,000 Irish Linnet Stakes on the 29th at Belmont Park.

Trainer Leah Gyarmati and her partners were in the winner’s circle at Belmont Park on May 4 to celebrate Big Brownie’s win in the Cupid’s Way.

The first two races of the New York Stallion Stakes series were held in early May at Belmont. Lady on the Run took the opener, the $100,000 Park Avenue for 3-year-old fillies sprinting 6 1/2 furlongs. The daughter of Ten Most Wanted was bred by Jeffrey Tucker. Darrin’s Dilemma, a son of Freud bred by Tony Grey, won the Stallion Stakes $100,000 Times Square division for males on May 11.

Patsy Symons’ Gitchee Goomie won the first of her stakes on May 29 with a victory in the $100,000 Mount Vernon. On the same card, owner-trainer Scott Schwartz’ Pocket Cowboys was the winner in the companion stake for males, the $100,000 Kingston.

The Mike Hushion-trained Ava K. won again on June 3 in the $60,000 Wandering Cloud. Chester and Mary Broman’s Friend or Foe earned an open-company victory in the Easy Goer on June 5.

Freud sired both winners of the second round of the New York Stallion Stakes run on June 5. Darrin’s Dilemma added to his resume and his bankroll with a first-place finish in the $75,000 Spectacular Bid, and Hessonite, bred by Berkshire Stud and Waterville Lake Stables, won the Cupecoy’s Joy division for fillies.

June 11 was a big day for New York-breds, with Mission Approved winning the Grade 1 $400,000 Manhattan Handicap at Belmont and Giant Ryan taking the $75,000 Ponce at Calder. Mission Approved’s front-running score in the Manhattan came a year to the day after he was claimed for $35,000 by trainer Naipul Chatterpaul and was his first start in 11 months.

“I tried to get him a prep,” Chatterpaul said, “but I couldn’t get him in one, so I figured I’d keep training him to get him right for this. He was coming into this race really good, and I had a lot of confidence.”

Chatterpaul, who picked up his first Grade 1 win, was not concerned about running on yielding turf. “The horse seemed to like it,” he said, “and for the past couple of weeks we’ve had a lot of dry weather. I was worried about how dry it was.”

And Chatterpaul wasn’t concerned about facing Grade 1 winners, including champion Gio Ponti, in the Manhattan. “As long as he’s in front, he’s not a horse that’s going to give it up,” Chatterpaul said. “It would really take a good horse to run him down, and not today.”

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Flying Zee Stable’s 3-year-old Street Game, a son of Street Cry, secured a Grade 3 victory in the $100,000 Hill Prince on June 18, and Smokin Hero, bred by Wachtel Stable, won the $60,000 Noble Nashua Stakes the next afternoon.

Ava K., a daughter of Dixie Union, captured her third stakes victory of the year on June 26 in the $100,000 Bouwerie, keeping her record perfect in five state-bred races. She finished the year with five wins and two thirds from eight starts and earnings of $201,467.

On that same June 26 program, Preachintothedevil won the $100,000 Mike Lee, the opener of the Big Apple Triple for 3-year-olds. Preachintothedevil returned to state-bred stakes company after spending some time on the Kentucky Derby trail. The son of Pulpit was third in the Whirlaway, sixth in the Grade 3 Spiral Stakes behind eventual Derby winner and 3-year-old champion Animal Kingdom, and eighth in the Grade 1 Wood Memorial.

Giant Ryan continued his roll on July 9 with a triumph in the Smile. Socialsaul handled Preachintothedevil by 4¼ lengths on the 16th in the New York Derby at Finger Lakes, the second leg of the Big Apple Triple. Miss Valentine, trained by Christophe Clement, took home the top prize in the Serena’s Song at Monmouth, and the Nick Zito-trained Banker’s Buy snagged the Reno Miss South Shore Stakes on July 17.

Racing then moved upstate to Saratoga, and Curragh Stables’ Chorus Music accomplished the Irish Linnet double, winning the Saratoga edition of the $77,500 race named after the fine race mare trained by Leo O’Brien. Icabad Crane added another stakes to his resume, winning the $75,000 Evan Shipman on July 25.

Ahvee’s Destiny opened August with a victory on the first day of the month in the $78,000 Smart and Fancy Stakes. Two days later, Anstu Stables’ Ibboyee came from off the pace to win the $77,000 John Morrissey by a neck.

Meanwhile, at Louisiana Downs, Go Tiger Jack won the Barksdale Stakes for owner Melissa Cantacuzene on August 6.

William Punk and Phillip DeLeo’s filly Hessonite, trained by David Donk, grabbed another Stallion Series victory on August 11 by beating males in a $100,000 mile race on the turf.

Trainer Bruce Brown earned the first stakes victory of his career on August 18, when Compliance Officer proved again that he was a very good claim for La Marca Stable with a win in the $101,000 West Point. It was Compliance Officer’s third straight win.

Gitchee Goomie prevailed in the $101,000 Yaddo and Lovely Lil won the $77,000 Union Avenue on August 22.

The $101,000 Albany Stakes featured a rematch between individual Big Apple Triple race winners Preachintothedevil and Socialsaul. They had to settle for minor rewards, though, as Bigger is Bettor won for owner-breeders Chester and Mary Broman.

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During the final two weeks of the Spa meeting, Driven by Success won the $75,000 Easy N Dirty, and the Bromans struck again with Mineralogist in the $75,000 Saratoga Dew. In the first 2-year-old New York-bred stakes of the year, Flying Zee’s Harbor Mist won the Anne M. Clare on September 1 and Repole Stable’s Zow won the Gold and Roses on September 2.

Weemissfrankie created a buzz on September 3 with her first Grade 1 win at Del Mar.

On Labor Day at Finger Lakes in 2-year-old stakes, Bay Park Boy won the $126,387Aspirant and Shot Gun Pennie took the $135,325 Lady Finger.

Back at Belmont Park for the fall meet, Compliance Officer won the Ashley T. Cole on September 11 and Johannesburg Smile prevailed in the Noble Nashua on September 24.

Future Prospect gave Freud a Grade 2 win in the $100,000 Kentucky Cup Stakes, and the outstanding sire’s son Pretty Boy Freud won the Corma Ray Stakes on September 28 at Belmont Park. Miss Valentine gained some more black type in the one-mile Mom’s Command at Belmont Park to complete the September schedule.

New Yorkers captured two Grade 1’s during the first weekend of October, with Giant Ryan taking the Vosburgh on October 1 and Weemissfrankie prevailing in the Oak Leaf at Santa Anita the next day. That weekend in 2-year-old races in New York, Wildcat’s Smile won the $260,876 Breeders’ Futurity at Finger Lakes and Pure Gossip punched her ticket to the Breeders’ Cup in the Miss Grillo at Belmont Park. Yet another Freud, The Funky Express, won the Small Wonder at Delaware Park for 2-year-olds on October 15.

The annual New York Showcase Day was held on October 22 and produced an array of stakes winners. Sanford Bacon’s Risky Rachel, a daughter of the great Dancin Renee, won the $125,000 Friendly Island Iroquois Stakes for trainer H. James Bond. Flying Zee’s Night Maneuver checked in first in the Bertram F. Bongard Stakes. Freud’s son General Maximus won the Posse Hudson Stakes and Hessonite gave the sire a victory in the Justenuffhumor Ticonderoga Stakes.

“Really, really good race – they finished really fast and beating a really good older filly like Gitchee Goomie bodes well for the future,” said Hessonite’s trainer David Donk. “She could be a really nice 4- year-old. She’ll get turned out until the first of the year, then come back here, and we’ll get her ready here for April.”

Donk, who worked as an assistant to Hall of Fame trainer Woody Stephens early in his career, believed in the filly’s ability, sending her to the Stallion Series race at Saratoga where she beat males, and running her back in the Ticonderoga 12 days after she finished second against open company in the Pebbles.

“I think she has improved through the year,” Donk said. “I think the numbers are a little deceiving because just like in Saratoga she couldn’t have won with any more confidence, so you know there’s more in the tank. But today was a really, really good test hooking [Gitchee Goomie].”

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Bellacourt, bred by Cheryl Prudhomme and Dr. Michael T. Gallivan, won the $100,000 Joseph A. Gimma Stakes on October 22, and Compliance Officer finished first in the Bluegrass Cat Mohawk Stakes on the same day.

Haynesfield capped the day by winning the McMahon Adena Empire Classic.

Straight Story’s win in the Autumn at Woodbine was the first of a number of stakes wins in November. Four New York Stallion Series stakes were run on November 13. Shane Roars won the Great White Way for 2-year-old males, and The Funky Express was first in the Fifth Avenue for 2-year-old fillies. Lady on the Run won her second stakes of the year in the Staten Island, and Inherit the Gold won his fourth stakes in a sparkling campaign with a victory in the Thunder Rumble division.

Groomed for Victory, by Victory Gallop, won the $60,000 Adirondack Holme Stakes on November 20 and Barry Schwartz’ homebred Lovely Lil won the Go for Wand on November 25.

Compliance Officer strengthened his case for seasonal honors by winning the Emerald at the Claiming Crown in New Orleans on December 3. Swag Daddy, a son of Scat Daddy bred by Sugar Maple Farm, stepped into the spotlight with a pair of 2-year-old stakes wins in December. He opened the month with a victory in the $65,000 Damon Runyon on December 4, and closed it on the 31st by winning the $75,000 Restrainor for owner Eric Fein.

The Eltish filly Double Mint won the East View on December 7, Mineralogist earned her second stakes win of the year in the Soft Morning on the 8th, and Jim and Susan Hill’s Lemon Splendor captured the $75,000 Swirlaway Stakes on the 29th.

In the final stakes of the year, Spa City Fever, a gelded full brother to Spa City Princess, won the $75,000 Alex M. Robb Stakes on New Year’s Eve. The victory by a head over Icabad Crane was a fitting finish to a busy year in which the game 5-year-old ran in nine stakes and earned two seconds and three thirds.

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A Brief Review of Recent Breeder Awards History

It is no coincidence that 2009, 2010 and 2011 were among the most difficult years for the state’s breeders. In addition to the fact that demand for thoroughbreds began a steep slide in 2009, the Fund Board felt that the failure of NYC OTB to make statutory payments required an increase in the withholding rate on breeder awards from 20% to 30%. This move was made so that that all breeders would be affected equally by the revenue hit. In other words, NY-breds that earned awards in the second half of 2009 would not be impacted more greatly than those who did their running in the first half of the year.

The Fund never did receive any portion of the $2.1 million NYC OTB owed it for 2009. In 2010, despite promising to make statutory payments, NYC OTB stopped paying full amounts owed beginning in March. The Racing and Wagering Board explained that it would not allow the betting giant to carry out- of-state simulcast wagering unless it set aside the proper payments for 2010. The result was that the Fund did receive, by January of 2011, $1,162,958.49 that had been withheld during 2010.

The Board, still concerned with the damages done to breeders in 2009, took an extraordinary measure at its meeting of January 27, 2011. It voted to accept NYRA’s offer to forego its purse enrichment payment for 2010 as long as the entire amount of $383,332 was used to pay breeder awards for 2009.

This purse enrichment allowed the Fund to come up with $1.46 million to reimburse winners of breeder, stallion, and owner awards for 2009 withholdings. Due to the OTB situation, award winners had only received 70% of the awards due them for 2009. The checks that the Fund sent out to breeders at the end of February represented 52 percent of their 2009 withholding amount. In other words, every breeder who earned awards in 2009 eventually received about 86 cents on the dollar of what they were owed.

The January 27, 2011 meeting produced some additional good news for breeders, as the Board voted to pay out 100% of the withholdings imposed for the entire year. Some $3.2 million was sent out to award recipients in early March, “in time for breeding season,” as Board member Joe McMahon remarked.

The Board voted unanimously at its March 31 meeting to use more than $861,000 on hand to make supplemental payments to breeders for 2010.

By the end of 2011, it was apparent that the Fund would be able to pay breeder, owner and stallion awards at 100% of what was earned during the year.

It is expected that the Board will consider the possibility of a supplemental payment to breeders at its first meeting of the year on February 16, 2012.

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2011 BREEDER AWARDS

The following shows the number of award recipients that received breeder awards for each year from 2001 to 2011:

Calendar Year Number of Individuals, Entities, or Partnerships Receiving Awards 2011 708 2010 723 2009 765 2008 862 2007 813 2006 833 2005 755 2004 741 2003 701 2002 684 2001 679

The following shows the average breeder award per recipient for each year from 2001 to 2011.

Calendar Year Average Breeder Award

2011 $8,970 2010 $9,192 2009 $8,236

2008 $7,909 2007 $9,194 2006 $9,490 2005 $10,286 2004 $9,647 2003 $9,314 2002 $9,497 2001 $9,337

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2011 OPEN-COMPANY OWNER AWARDS

The Fund allocated 9.08% of its budget for 2011 to pay awards to owners of horses that finished first through third in open competition in races with conditions satisfying the criteria set forth by the Fund. The following shows the total open-company owner awards paid for each year from 2001 to 2011:

Calendar Year (% of Amount Paid Budget) 2011 (9.08%) $993,323 2010 (7.54%) $859,621 2009 (11.32%) $1,107,667 2008 (10.18%) $1,388,649 2007 (8.97%) $1,340,363 2006 (8.68%) $1,372,430 2005 (9.17%) $1,424,780 2004 (7.98%) $1,145,343 2003 (9.41%) $1,273,002 2002 (9.67%) $1,311,678 2001 (10.91%) $1,458,310

The following shows the number of award recipients that earned open-company owner awards for each year from 2001 to 2011:

Number of Calendar Year Individuals, Entities or Partnerships Receiving Awards 2011 268 2010 234 2009 361 2008 365 2007 393 2006 413 2005 400 2004 359 2003 393 2002 389 2001 409

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The following shows the average open-company owner award for each year from 2001 to 2011:

Average Open-Company Calendar Year Owner Award 2011 $3,706 2010 $3,674 2009 $3,068 2008 $3,805 2007 $3,411 2006 $3,323 2005 $3,562 2004 $3,190 2003 $3,239 2002 $3,372 2001 $3,566

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OPEN-COMPANY OWNER AWARDS

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2011 STALLION OWNER AWARDS

The Fund allocated 12.21% of its budget for 2011 to pay awards to owners of stallions that sired horses that finished first through third in any New York race. The following shows the total stallion owner awards paid for each year from 2001 to 2011:

Calendar Year (Budget %) Amount Paid 2011 (12.21%) $1,334,934 2010 (13.68%) $1,559,369

2009 (24.23%) $2,370,035

2008 (18.24%) $2,213,774 2007 (17.59%) $2,629,828 2006 (16.40%) $2,592,781 2005 (15.79%) $2,451,903 2004 (15.44%) $2,217,057 2003 (14.52%) $1,964,053 2002 (14.15%) $1,919,812 2001 (13.42%) $1,799,552

The following shows the number of award recipients that earned stallion owner awards for each year from 2001 to 2011:

Number of Individuals, Calendar Year Entities or Partnerships Receiving Awards 2011 79 2010 112 2009 115 2008 169 2007 175 2006 174 2005 170 2004 161 2003 154 2002 148 2001 152

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2011 Leading New York-Breds by Earnings

HORSE NAME EARNINGS Weemissfrankie 09 CH F, by Sunriver $559,920 Giant Ryan 06 B H, by Freud $559,490 Compliance Officer 06 DK B/ G, by Officer $305,050 Mission Approved 04 B H, by With Approval $305,000 Satono Daytona 08 B C, by Tapit $283,066 Wildcat’s Smile 09 DK B/ F, by Forest Wildcat $271,597 Gitchee Goomie 07 B M, by City Zip $263,380 Inherit the Gold 06 GR/RO G, by Gold Token $241,084 Hessonite 08 CH F, by Freud $239,600 Socialsaul 08 B G, by Read the Footnotes $227,040 Lady On the Run 08 CH F, by Ten Most Wanted $206,750 Ava K. 08 B F, by Dixie Union $201,467 Lovely Lil 07 B M, by Tiznow $201,400 Future Prospect 04 DK B/ G, by Freud $192,309 Stud Muffin 04 GR/RO G, by Raffie’s Majesty $178,550 Be Bullish 05 GR/RO G, by Pure Prize $177,625 Preachintothedevil 08 B C, by Pulpit $172,805 Dr Disco 08 CH C, by Disco Rico $164,650 Miss Valentine 08 CH F, by Afleet Alex $156,500 Straight Story 06 DK B/ H, by Giant’s Causeway $154,222 Spa City Princess 07 CH M, by Roaring Fever $154,160 Haynesfield 06 CH H, by Speightstown $152,500 Cosmo Pirate 06 DK B/ H, by Smarty Jones $149,827 Go Unbridled 07 B M, by Unbridled Jet $149,100 Johannesburg Smile 07 B H, by Johannesburg $145,600 Street Game 08 CH C, by Street Cry (IRE) $140,512 Risky Rachel 07 B M, by Limehouse $135,500 Darrin’s Dilemma 08 B C, by Freud $135,170 Game Token 07 DK B/ G, by Gold Token $133,370 Wishful Tomcat 05 CH H, by Tactical Cat $133,170 Icabad Crane 05 DK B/ G, by Jump Start $130,000 Tap Attack 08 GR/RO C, by Tapit $128,220 Bigger Is Bettor 08 GR/RO C, by Grand Reward $127,144 Bay Park Boy 09 DK B/ C, by Johannesburg $126,170 The Funky Express 09 DK B/ F, by Freud $123,400 Coaltown Legend 05 DK B/ G, by Jump Start $120,974 Iron Lou 08 B G, by Grand Slam $120,736 Take a Walk 08 B G, by Western Expression $118,090 Pretty Boy Freud 06 DK B/ G, by Freud $117,377 Itsagoodtendollars 06 DK B/ G, by Tale of the Cat $117,085 Quick Money 07 CH H, by City Zip $115,210 Mr. Vegas 07 CH G, by Freud $114,675 Pocket Cowboys 06 B G, by Wild Event $113,760 Seattle Louie 08 DK B/ C, by Chief Seattle $111,950 Swag Daddy 09 DK B/ C, by Scat Daddy $111,490 Lady Gracenote 07 B M, by Read the Footnotes $110,785 Adirondack Summer 08 CH C, by Thunder Gulch $109,950 Wee Freudian 08 CH G, by Freud $109,935 Slevin 06 DK B/ G, by Belong to Me $109,800 Life’s Measure 08 DK B/ F, by Chapel Royal $108,765 Head Heart Hoof 06 GR/RO G, by Intidab $107,234 Night Maneuver 09 CH G, by Orientate $107,100 Yawanna Twist 07 B H, by Yonaguska $106,867 Smokin Hero 06 DK B/ G, by Smokin Mel $106,265 Ground Force 08 B G, by Bowman’s Band $105,652 Southbeachsandy 08 B G, by Aggadan $105,270 Green Monster 07 DK B/ G, by Songandaprayer $103,180 Devilish Spirit 07 DK B/ M, by Roaring Fever $103,000 Gimme Credit 03 DK B/ G, by Artax $102,494

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R Betty Graybull 06 GR/RO M, by Holy Bull $102,300 Bellacourt 09 CH F, by Lion Heart $101,550 Those Lion Eyes 08 CH F, by Lion Heart $98,805 South Fourth St. 04 DK B/ G, by Mt. Livermore $98,480 Spa City Fever 06 CH G, by Roaring Fever $97,775 Centrina 07 GR/RO M, by Wheelaway $97,600 Mineralogist 07 B M, by Mineshaft $97,300 Lady Vi 08 CH F, by Tale of the Cat $96,732 Writingonthewall 05 DK B/ G, by E Dubai $96,450 One Note Samba 07 B G, by Grand Reward $95,250 Isn’tlovejustgrand 08 B C, by Grand Reward $95,175 Dahlgren Chapel 07 DK B/ H, by Chapel Royal $95,040 Freudian Dilemma 08 B G, by Freud $93,100 No Mine 07 B G, by Gold Token $92,780 Fizzano 08 DK B/ G, by Pleasant Tap $92,234 Saginaw 06 B G, by Peruvian $91,960 General Maximus 07 CH R, by Freud $91,690 Scorch the Torch 06 B G, by Smoke Glacken $91,412 Bobity Boo 07 DK B/ M, by Pico Central (BRZ) $91,390 Chorus Music 05 CH M, by Strategic Mission $91,000 Mineswept 07 DK B/ H, by Mineshaft 1999 $90,250 Lubash 07 B H, by Freud $89,285 Say Toba Sandy 05 B M, by Say Florida Sandy $89,110 Fiddlers Patriot 06 CH G, by Proud Citizen $89,073 Rogue’s Jewel 07 DK B/ M, by Broken Vow $88,810 The Zipster 04 CH G, by City Zip $88,470 Willet 08 B F, by Jump Start $88,400 Bold Deed 08 CH G, by Anasheed $88,000 Pure Gossip 09 CH F, by Pure Prize $87,750 Thunder Chief 07 CH H, by Thunder Gulch $87,720 Bob’s Dylan 05 B M, by David $87,220 Harbor Mist 09 DK B/ F, by Rockport Harbor $86,654 Piano Star 07 B G, by Five Star Day $86,480 Ibboyee 07 B H, by Medallist $85,764 Frivolous Buck 05 B M, by Catienus $84,800 Bug Juice 08 B G, by Mingun $84,600 Eminent Tale 08 B G, by Read the Footnotes $84,000 Dakota Roadhouse 07 CH G, by Posse $83,890 Coljak 07 CH G, by Candy Ride (ARG) $83,430 Indy Tune 08 CH G, by Suave $83,296 Shot Gun Pennie 09 DK B/ F, by Speightstown $83,129 Digger Karakorum 06 CH G, by Goldminers Gold $83,010 Floating Alone 08 CH F, by Friends Lake $82,824 My Unbridled Storm 08 GR/RO F, by Unbridled Energy $82,632 Bud White 08 DK B/ C, by Officer $82,503 Bullnose Brick 06 B G, by Holy Bull $82,456 Sunnybrook 07 B M, by Chief Seattle $82,157 Midnight Billy 07 DK B/ G, by Captain Red $82,082 Villas Storm 08 CH G, by Certain Storm $81,960 Banker’s Buy 06 CH M, by Distorted Humor $81,308 Zow 09 B C, by Bluegrass Cat $81,000 Beautyinthepulpit 08 CH C, by Pulpit $79,600 Jupiter Trio 08 GR/RO C, by Mutakddim $79,020 Judicial Leader 06 GR/RO M, by Judge T C $78,450 Myrtle’s Gray 07 GR/RO M, by Oratory $78,250 Groomedforvictory 05 CH G, by Victory Gallop $77,900 Elsaroarin 07 B G, by Roaring Fever $77,151 Wise Stop 07 CH G, by Wiseman’s Ferry $76,910 Lots of Stones 07 B M, by Strategic Mission $76,840 She’s Got Rules 07 GR/RO M, by Holy Bull $76,620 Westside Corral 07 DK B/ G, by Bernstein $76,620 Paraiba 06 GR/RO M, by Freud $76,337 Page by Page 08 B F, by Read the Footnotes $76,250

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Starts Statistics for 2001 to 2011

In 2011, 3,513 thoroughbreds bred in New York made 24,055 starts in North America, earning total purses of $63,677,618. These New York-breds finished first 2,798 times, second 2,979 times, and third 2,995 times, for a total of 8,772 top-three finishes and an overall in-the-money rate of 36.4%. A total of 2,574 NY-breds made 16,041 starts on New York tracks in 2011.

In 2010, 3,632 thoroughbreds bred in New York made 25,134 starts in North America, earning total purses of $65,700,731. These New York-breds finished first 2,946 times, second 3,027 times, and third 3,045 times, for a total of 9,018 top-three finishes and an overall in-the-money rate of 35.9%.

In 2009, 3,856 thoroughbreds bred in New York made 26,755 starts in North America, earning total purses of $70,194,634. These New York-breds finished first 2,944 times, second 3,081 times, and third 3,234 times, for a total of 9,259 top-three finishes and an overall in-the-money rate of 34.6%.

In 2008, 3,851 thoroughbreds bred in New York made 27,357 starts in North America, earning total purses of $81,562,424. These New York-breds finished first 3,126 times, second 3,324 times, and third 3,306 times, for a total of 9,756 top-three finishes and an overall in-the-money rate of 35%. The total purses earned represents an increase of over 6% compared to last year’s figure of $76,378,645, marking the eleventh consecutive year of record earnings.

In 2007, a total of 3,934 thoroughbreds bred in New York made 26,292 starts in North America, earning total purses of $76,378,645. These New York-breds finished first 2,974 times, second 3,148 times, and third 3,098 times, for a total of 9,220 top-three finishes and an overall in-the-money rate of 35%. The total purses earned represents an increase of nearly 4% over last year’s figure of $73,535,643, marking the tenth consecutive year of record earnings. The total North American purse earnings by New York-breds in 2007 represent an increase of nearly 72% over the 1997 figure of $44,456,305.

In 2006, a total of 3,873 thoroughbreds bred in New York made 26,320 starts worldwide, earning total purses of $73,535,643. These New York-breds finished first 2,956 times, second 3,180 times, and third 3,101 times, for a total of 9,237 top-three finishes and an overall in-the-money rate of 42.4%, an increase of over 6 percentage points compared to the figure for last year. North American earnings by New York-breds increased to a total of $72,092,598 for 2006, marking the ninth consecutive year of record earnings. The total North American purse earnings by New York-breds in 2006 represent an increase of over 62% compared to the 1997 figure of $44,456,305.

In 2005, a total of 3,591 thoroughbreds bred in New York made 24,495 starts in North America, finishing first 2,940 times, second 2,949 times, and third 2,929 times, for a total of 8,818 top-three finishes and an overall in-the-money rate of 36%. Total North

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American purse earnings by New York-breds in 2005 reached an all-time high of $71,907,213, surpassing the record set in 2004 by nearly $6.7 million. This marks the eighth consecutive year of record-setting earnings by New York-breds.

In 2004, a total of 3,466 thoroughbreds bred in New York made 24,234 starts in North America, finishing first 2,658 times, second 2,656 times, and third 2,852 times, for a total of 8,166 top-three finishes and an overall in-the-money rate of 33.7%. Total North American purse earnings by New York-breds in 2004 reached an all-time high of $65,211,933, surpassing the record set in 2003 by over $7.5 million.

In 2003, a total of 3,187 thoroughbreds bred in New York made 22,053 starts in North America, finishing first 2,550 times, second 2,634 times, and third 2,627 times, for a total of 7,811 top-three finishes and an overall in-the-money rate of 35.4%. Total North American purse earnings by New York-breds in 2003 reached an all-time high of $57,674,759, surpassing the record set in 2002 by over $2.5 million.

In 2002, a total of 2,985 thoroughbreds bred in New York made 22,079 starts in North America, finishing first 2,575 times, second 2,576 times, and third 2,617 times, for a total of 7,768 top-three finishes and an overall in-the-money rate of 35.2%. Total North American purse earnings by New York-breds in 2002 reached $54,963,235, surpassing the record set in 2001 by over $1 million.

In 2001, a total of 2,880 thoroughbreds bred in New York made 22,019 starts in North America, finishing first 2,585 times, second 2,641 times, and third 2,686 times, for a total of 7,912 top-three finishes and an overall in-the-money rate of nearly 36%. Total North American purse earnings by New York-breds in 2001 reached $53,860,329, surpassing the record set in 2000 by nearly $1.25 million.

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Performance of NY Stallions in 2011

By Mike Kane

With the late-running Caleb’s Posse doing the heavy lifting, Posse maintained his position as New York’s leading sire for the second consecutive year in 2011.

Once again, Posse and Freud were one-two in the standings, with Vinery’s Posse just missing cracking the $5 million plateau. For the second consecutive year, New York’s top two sires each surpassed $4 million, a double that had not occurred for a decade.

Bluegrass Cat stands third in the rankings, but is new to New York in 2012 after being relocated from Kentucky. He will stand for a stud fee of $17,500 at Vinery New York at Sugar Maple Farm.

Caleb’s Posse, runner-up for the 3-year-old Eclipse Award and winner of the Grade 2 Amsterdam, the Grade 1 Forego at Saratoga, and the Grade 1 Breeders’ Cup Dirt Mile, earned $1,030,909 and provided about 20 percent of Posse’s figure of $4,998,699. That total may well be a record for the state, easily eclipsing Regal Classic’s 2002 figure of $4,621,068.

Posse, who entered stud in the state in 2010, will have his first New York-bred runners hit the track in 2013. Standing for a stud fee of $10,000 at Vinery New York at Sugar Maple, he covered 87 mares in 2010 and 86 in 2011.

From six crops to race, Posse has produced 225 winners, 15 of them stakes winners, and his runners have earned over $16 million in purses. His first star, Kodiak Kowboy, was a two-time champion and, like Caleb’s Posse, is a millionaire. During the 2011 season, 112 of his 208 runners were winners, piling up a total of 196 victories. Five horses combined to win a total of eight stakes.

Freud has stood in New York since going to stud in 2002, and has been one of the leading sires in the state since his offspring began competing. He led the standings in 2008 and 2009, and though he ranks second to Posse on the general sire list, nearly all of his runners are New York-breds. That group of Freuds will continue to grow rapidly; he covered 110 mares in 2010 and 115 last year.

Giant Ryan was Freud’s top runner in 2011, earning $559,490 from nine starts. The 5- year-old horse put together a six-race winning streak that he capped with a victory in the Grade 1 Vosburgh Invitational at Belmont Park on October 1. He finished eighth in the Breeders’ Cup Sprint.

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A total of 131 sons and daughters of Freud started in 2011. From that group, 72 were winners, accounting for a total of 122 victories. They included eight stakes winners, pushing the son of Storm Cat’s career total to 28.

Touch Gold began his tour as a stallion in New York in 2011. He covered 30 mares, and his first group of babies will arrive this year. He is fourth on the general sire list for New York-based stallions with 2011 earnings of $2,604,159, and stands at McMahon of Saratoga Thoroughbreds for a stud fee of $10,000.

Congaree’s first group of New York yearlings will reach the market in 2012. He was relocated to the state in 2010, and ranks fifth on the general sires list. Based at Highcliff Farm in Delanson, where he will stand for a $7,500 stud fee, Congaree’s two most productive runners last year were the 2-year-old filly Killer Graces and the five-year-old horse Jeranimo. Killer Graces took the Grade 1 Hollywod Starlet in December, and Jeranimo bounced back from an off-the-board finish in the Breeders’ Cup Mile with a win in the Grade 2 Citation Handicap, having also won the Grade 2 Oak Tree Mile prior to the Breeders’ Cup. Congaree covered 40 mares in New York during the last breeding season.

The initial crop of 2-year-olds from Stonesider debuted in 2011. The Giant’s Causeway horse, who stands at Highcliff for a $3,000 stud fee, covered 66 mares last year.

Registered New York Stallions 125 125 125

100 94

75 68 70 64

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0 2006 2007 2008 2009 2010 2011

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2012 New York Stallion Register

Stallion Farm Area Sire Dam Sire of Dam Stud Fee McMahon of Alphabet Soup Saratoga Saratoga Springs Cozzene Illiterate Arts and Letters $6,000 Thoroughbreds Dutchess Views Andromeda’s Hero Pine Plains Fusaichi Pegasus Marozia Storm Bird $2,500 Farm Kaz Hill Farm Bank Heist (845) 692-0864 Middletown Maria’s Mon Candytuft Dehere $2,500 Hobbit Hollow Believeinmenow Farm Skaneateles Tiznow Expect Becky Valid $1,500 (315) 727-7273 Expectations Bluegrass Cat Vinery New York Poughquag Storm Cat She’s a Winner A.P. Indy $17,500 Breathless Affair Waldorf Farm North Chatham Signal Tap Just One Affair Ogygian Private Prospector’s Bustin Stones Waldorf Farm North Chatham City Zip Shesasurething Gamble $2,500 McMahon of Catienus Saratoga Storm Cat Diamond City Mr. Prospector $5,000 Thoroughbreds Saratoga Springs Comeonmom Reading Farm West Falls Jolie’s Halo Single Blade Hatchet Man $3,000 Congaree Highcliff Farm Delanson Arazi Mari’s Sheba Mari’s Book $7,500 Congressionalhonor Sandy Way Farm Greene Forestry Quiet Dance Quiet American $2,500 Cosmonaut Highcliff Farm Delanson Lemon Drop Kid Cosmic Fire Capote $5,000 Country Judge Bright Star Farm Worcester Judge T C Kris’s Kiss Kris S Private Crown Delite Babcock Farms Nichols A.P. Indy Ms. Teak Wood Woodman $2,000 Oriskany Creek Dark Mystery Farm Clinton Mining Regal Lady Hour Regal and Royal $1,000 D’Funnybone Vinery New York Poughquag D’Wildcat Elbow Woodman $3,500 Disco Rico Keane Stud Amenia Citidancer Round it Off Apalachee $5,000 Valentine Incurable Don Corleone Shortsville Twice Forbidden Spectacular Bid $1,000 Thoroughbreds Optimist Dublin Keane Stud Amenia Afleet Alex Classy Mirage Storm Bird $7,500 Eastern Fever Runway Farms Holley Stormin Fever Cho Cho San Deputy Minister $500 Eltish Mole’s Hill Farm Millerton Cox’s Ridge Nimble Feet Danzig $3,000 Dutchess Views Pine Plains Elusive Charlie Farm Elusive Quality Not So Careless Desert Wine $2,000 Cohn Farm Fast Draw (845) 292-1842 Ferndale Gone West Bright Candles El Gran Senor $1,500 Sequel Stallions Freud NY Hudson Storm Cat Mariah's Storm Rahy $10,000 Friendly Island Vinery New York Poughquag Crafty Friend Island Queen Ogygian $3,500 Giant’s Frost Giant Vinery New York Poughquag Causeway Takesmybreathaway Gone West $5,000 Giant’s Giant Surprise Vinery New York Poughquag Causeway Twisted Sis A.P. Indy $3,500 Sequel Stallions Girolamo NY Hudson A. P. Indy Get Lucky Mr. Prospector $15,000 Golden Missile Milfer Farm Unadilla A. P. Indy Santa Catalina Cure the Blues $5,000 McMahon of Here Comes Ben Saratoga Chasetheragingwind Dayjur $7,500 Thoroughbreds Saratoga Springs Street Cry (IRE)

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Stallion Farm Area Sire Dam Sire of Dam Stud Fee Kaz Hill Farm Here's Zealous (845) 692-0864 Middletown Dehere Zealous Connection Unreal Zeal Private McMahon of Justenuffhumor Saratoga Saratoga Springs Distorted Humor Justenuffheart Broad Brush $5,000 Thoroughbreds Leafoutofyourbook Delmation Farm Constableville Prosper Fager Game Dana John Alden $1,000 Foggy Bottom Conquistador Wavering Liberatedbyforce Farm Geneseo Cielo Pledged Monarch Private Tomorrow Make Reservations Bloodstock Thompson Ridge Tapit Formal Reception Unbridled Private Malibu Moonshine Carlland Stables Avon Malibu Moon Time to Coast Coastal $3,000 Dutchess Views Pine Plains Marsh Side Farm Gone West Colonial Play Pleasant Colony $2,000 Maybry’s Boy Highcliff Farm Delanson Broad Brush Aly’s Conquest Alydar $2,500 Pucker Ridge Miracle Man Farm Warrensburg Yankee Victor Broadway Boogie Fappiano $2,000 Sequel Stallions Unbridled’s Noonmark NY Hudson Song In the Storm Storm Cat $5,000 One Nice Cat Keane Stud Amenia Storm Cat Jewel Princess Key to the Mint $1,000 Oriskany Creek Our Frankie Farm Clinton Distinctive Pro Ballad Ogygian $2,500 Northern Spur Foggy Bottom (IRE) Farm Geneseo Sadler’s Wells Fruition Rheingold Private Dutchess Views Patriot Act Pine Plains A.P. Indy Classic Value Copelan $4,000 Farm Picksix Runway Farms Clarkson Dynaformer Oh What a Windfall Seeking the Gold $2,000 Polish Pro Milfer Farm Unadilla Mr. Prospector Polish Holiday Danzig $1,000 Posse Vinery New York Poughquag Silver Deputy Raska Rahy $10,000 Red Tail Hawk Silver Nails Farm Elizaville Devil’s Bag Choobloo Bolger $1,000 Cohn Farm Relato Del Gato (845) 292-1842 Ferndale Tale of the Cat Sole Topsider Private Dutchess Views Pine Plains Roaring Fever Farm Storm Cat Pennant Fever Seattle Slew $3,500 Sweet Candy Buckridge Farm Kinderhook Say Florida Sandy Personal Flag Lolli Lucka Lolli (VEN) $2,500 Senor Enrico Runway Farms Holley El Prado (IRE) Collect the Cash Dynaformer $1,500 McMahon of Silent Name (JPN) Saratoga Saratoga Springs Sunday Silence Danzigaway Danehill $5,000 Thoroughbreds Sir Whimsey Mill Creek Farm Stillwater Jump Start Apogee Star de Naskra $1,500 Foggy Bottom Slice of Reality Farm Geneseo Proper Reality Cushion Cut Raise a Man Private Smart Alert Carlland Stables Avon Gold Alert Smarter By the Day Smarten $2,000 Giant's Stonesider Highcliff Farm Delanson Causeway Added Gold Gilded Time $3,000 Tippity Tap Sandy Way Farm Greene Tapit Fatal Distraction Hatchet Man $2,500 Misty Mountain Tomorrow’s Hope Stables Wappingers Falls Tomorrows Cat Splendid Launch Relaunch TBA McMahon of Touch Gold Saratoga Saratoga Springs Deputy Minister Passing Mood Buckpasser $10,000 Thoroughbreds LoAnJo Farm Trick Me (845) 591-7697 Florida, NY Phone Trick April Again Alleged Private Hudson Meadow Uncle Camie Farm NY Abaginone Final Style Smart Style Private

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Stallion Farm Area Sire Dam Sire of Dam Stud Fee McMahon of Utopia (JPN) Saratoga Saratoga Forty Niner Dream Vision (JPN) Northern Taste $2,500 Thoroughbreds Well Noted Monhill Farm Pine Plains Notebook Night Owl Special Cathy’s Reject $2,500

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Top 30 New York Sires by 2011 Progeny Earnings

Total Stallion YOB Sire Rnrs Wnrs Wins SWs Chief Earner Earnings Posse 2000 Silver Deputy 208 112 196 5 Caleb's Posse $4,998,699 Freud 1998 Storm Cat 131 72 122 8 Giant Ryan $4,090,836 Bluegrass Cat 2003 Storm Cat 137 63 99 4 Sabercat $3,436,834 Deputy Touch Gold 1994 Minister 191 107 174 1 Can'touchthisgal $2,604,159 Congaree 1998 Arazi 99 54 103 3 Killer Graces $2,475,914 Alphabet Soup 1991 Cozzene 141 58 107 5 Amiable Grace $2,018,331 Golden Missile 1995 A.P. Indy 123 61 121 2 Thunder Ball $1,982,289 Catienus 1994 Storm Cat 133 66 120 1 Rules of Honor $1,676,638 Spa City Roaring Fever 2000 Storm Cat 71 40 75 3 Princess $1,632,853 Gold Token 1993 Mr. Prospector 47 29 61 1 Inherit the Gold $1,218,695 Disco Rico 1997 Citidancer 62 34 58 1 Dr Disco $1,209,066 Say Florida Sandy 1994 Personal Flag 66 31 57 0 Say Toba Sandy $974,579 Eltish 1992 Cox's Ridge 40 21 44 1 Eltish Star $796,362 Sunriver 2003 Saint Ballado 16 5 7 1 Weemissfrankie $674,702 Judge T C 1991 Judge Smells 50 26 43 1 Black Hills $674,453 Raffie's Majesty 1995 Cormorant 34 13 25 0 Stud Muffin $600,593 She's Greeley's Galaxy 2002 Mr. Greeley 35 16 24 0 Saephansound $482,135 A. P Jet 1989 Fappiano 29 18 24 0 Good to Be Me $480,816 Mayakovsky 1999 Matty G 35 13 26 0 Cody Samora $473,342 Honor's Congressionalhonor 2001 Forestry 40 9 14 0 Selection $413,674 Won Great Regal Classic 1985 Vice Regent 31 14 19 0 Classic $386,300 Allen's Touch One Nice Cat 2000 Storm Cat 36 12 18 0 Down $355,494 Here's Zealous 1997 Dehere 34 12 16 0 Hereisjrzealous $316,163 Smokin Mel 1994 Phone Order 8 6 18 1 Smokin Hero $275,748 Utopia (JPN) 2000 Forty Niner 34 5 5 0 No Flaws $271,942 Performing Magic 1997 Gone West 23 9 19 0 Sezzana $254,596 Silent Name (JPN) 2002 Sunday Silence 24 6 6 0 Silent Saga $244,039 Paradise by the Well Noted 1995 Notebook 18 11 21 0 C $228,987

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Top 30 New York Sires of 2-Y.O.’s by 2011 Progeny Earnings

Total Stallion YOB Sire Rnrs Wnrs Wins SWs Chief Earner Earnings Bluegrass Cat 2003 Storm Cat 49 18 22 2 Sabercat $1,454,989 Sunriver 2003 Saint Ballado 16 5 7 1 Weemissfrankie $674,702 Congaree 1998 Arazi 16 5 7 1 Killer Graces $487,420 Posse 2000 Silver Deputy 39 11 13 0 McCarren Park $485,527 Utopia (JPN) 2000 Forty Niner 34 5 5 0 No Flaws $271,942 Disco Rico 1997 Citidancer 14 6 6 0 Vicki's Dancer $254,961 Silent Name (JPN) 2002 Sunday Silence 24 6 6 0 Silent Saga $244,039 Touch Gold 1994 Deputy Minister 22 10 11 0 Captain Ben $240,794 Freud 1998 Storm Cat 14 2 4 1 The Funky Express $217,019 Silver Wagon 2001 Wagon Limit 14 6 8 0 Brooklyn Red $195,918 Eltish 1992 Cox's Ridge 5 3 5 1 Double Mint $141,882 Alphabet Soup 1991 Cozzene 11 3 6 1 Fly in the Soup $121,153 Wild Desert 2002 Wild Rush 13 2 3 0 Wild Exploit $102,839 Stonesider 2003 Giant's Causeway 15 2 2 0 Stock Fund $99,046 Roaring Fever 2000 Storm Cat 3 1 1 1 Shane Roars $98,310 Catienus 1994 Storm Cat 18 3 4 1 B G Country Girl $91,005 Patriot Act 2002 A.P. Indy 7 3 3 0 Coalition $88,523 Friendly Island 2001 Crafty Friend 7 2 2 0 Victory Island $82,505 One Nice Cat 2000 Storm Cat 6 2 2 0 Reach for a Peach $67,050 Greeley's Galaxy 2002 Mr. Greeley 9 1 1 0 Maybe's Master $51,532 Raffie's Majesty 1995 Cormorant 7 1 1 0 Raffie's Bandit $39,077 Congressionalhonor 2001 Forestry 4 1 1 0 Previous Honor $33,096 Maybry's Boy 1999 Broad Brush 2 1 1 0 Sportswriter $28,500 Golden Missile 1995 A.P. Indy 10 1 1 0 Missilewhileuwork $26,689 Andromeda's Hero 2002 Fusaichi Pegasus 7 1 1 0 Brobdingnagian $24,982 Here's Zealous 1997 Dehere 3 1 1 0 Dani Maries Secret $19,172 Verbatim Run 1989 Verbatim 1 1 1 0 Chrissy Raz $14,860 Stanislavsky 2000 Dehere 2 1 1 0 Sun Kissed Girl $12,130 Northern Spur (IRE) 1991 Sadler's Wells 3 0 0 0 The Wiley Vet $11,858

Top 10 New York Freshman Sires by 2011 Progeny Earnings

Stallion YOB Sire Rnrs Wnrs Wins SWs Chief Earner Total Earnings Sunriver 2003 Saint Ballado 16 5 7 1 Weemissfrankie $674,702 Utopia (JPN) 2000 Forty Niner 34 5 5 0 No Flaws $271,942 Silent Name (JPN) 2002 Sunday Silence 24 6 6 0 Silent Saga $244,039 Silver Wagon 2001 Wagon Limit 14 6 8 0 Brooklyn Red $195,918 Wild Desert 2002 Wild Rush 13 2 3 0 Wild Exploit $102,839 Stonesider 2003 Giant's Causeway 15 2 2 0 Stock Fund $99,046 Patriot Act 2002 A.P. Indy 7 3 3 0 Coalition $88,523 Friendly Island 2001 Crafty Friend 7 2 2 0 Victory Island $82,505 Maybry's Boy 1999 Broad Brush 2 1 1 0 Sportswriter $28,500

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Mares Bred to NY Stallions

3,000 2,724 2,643 2,548 2,500 2,446

2,175 2,166 2,043 2,000 1,857 1,635 1,500 1,448 1,338

1,000

500

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Mares Bred Out of State

1,000 969

900 855 816 800 783 783

700 684

590 600 572 559 500

400 400 390

300

200

100

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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Total Mares Bred

3,500 3,296 3,202 3,006 3,000 2,938 2,898 2,741 2,575 2,607 2,500 2,451

2,121 2,132 2,000

1,500

1,000

500

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Foal Crop

2,500

2,172 2,209 2,022 2,000 1,985 1,968 1,910 1,925 1,888 1,788 1,610 1,500 1,450

1,000

500

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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Foals by Non-NY Stallions

900 816 800 779 783 769 752 732 744 730 712 700 693

602 600

500

400

300

200

100

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

Foals by NY Stallions

1,600

1,440 1,400 1,389 1,270 1,206 1,238 1,232 1,200 1,178 1,113

1,000 908 898 848 800

600

400

200

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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Percentage of NY-bred Foals by Non-NY Stallions

45 45 43 42 40 39 40 38 37 37 36 36 35 35

30

25

20

15

10

5

0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

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NY-Breds at Auction in 2011

By Mike Kane

It’s an understatement to say that the value of New York-breds rebounded in auction rings across the country in 2011. Starting with the 2-year-old sales in Florida in winter and early spring, prices were up, up, up.

There were major increases in horses sold, gross sales, and average and median prices as owners bid for stock eligible for awards from the New York State Thoroughbred Breeding & Development Fund while running for the increased purses at NYRA tracks. This came as wonderful news for New York’s breeders.

The average price for New York-bred yearlings jumped 46 percent from 2010 figures, to $37,635, the second-highest figure in history. The median price of $20,000 is a record, and was a 67 percent gain over 2010 and double the price from 2009.

Led by Brigand, a $925,000 purchase and the highest-priced New York-bred sold in 2011, 2-year-old sales showed across-the-board increases. A total of 206 New York-bred 2-year-olds were sold during the year, a 56 percent increase, and the $9,578,588 in gross sales was an 88 percent jump over 2010. The average price of $46,498 was a 21 percent one-year increase and was a 40 percent jump from 2009.

A total of 23 New York-bred 2-year-olds brought six-figure sales prices, a huge step forward from the 12 of 2010. A member of that class of 23 was a Starinthemeadow filly later named Weemissfrankie. Purchased for $175,000 at the Ocala Breeders’ Sales Co. April sale, Weemissfrankie won two Grade 1 races in California, finished third in the Breeders’ Cup Juvenile Fillies, and was the leading New York-bred earner for the year with $559,920.

The 63 weanlings that passed through the ring at the end of the year were a record-setting bunch, bringing an average price of $37,521, which was 26 percent higher than the mark set in 2010 and more than double the average for the 2009 group. The total number sold in 2011 represented an increase of 40 percent, and the gross sales of $2,363,823 were up 73 percent. The median of $20,000 was up 111 percent from the previous year.

Brigand, bred at Dr. Doug Koch’s Berkshire Stud in Pine Plains, was the sales topper at the Ocala Breeders’ Sales Company’s Selected Two-Year-Olds in Training sale in March. Owner Kaleem Shah handled the bidding for the son of Flatter and turned the colt over to his trainer, Hall of Famer Bob Baffert. Brigand broke his maiden in his first try on July 3, was second in the Grade 3 Hollywood Juvenile Championship Stakes, and ran fourth in the Grade 2 Best Pal. A half-brother to stakes winner Sky Music, Brigand is out of the Berkshire Stud homebred mare Silence Please by Quiet American. A member of the family of Notice Me that has produced a number of stakes winners for Berkshire

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Stud, he was purchased for $90,000 at the 2010 Fasig-Tipton New York-Bred Preferred sale at Saratoga.

During the summer at Saratoga, Silence Please’s yearling bay colt by Bluegrass Cat sold for $150,000. He was the only Bluegrass Cat New York-bred yearling sold in 2011, but that prominent young sire’s influence will be felt in the next few years, as he is beginning stud duty in the state at Vinery New York at Sugar Maple this season.

A colt by Medaglia d’Oro out of Bubbling Heights, subsequently named White City, was purchased for $500,000 at the Fasig-Tipton February sale by John Ferguson for Sheikh Mohammed. White City is a half-brother to stakes winner J’Ray, and the dam, owned by Lawrence Goichman, resides at Edition Farm in Hyde Park.

The third-highest-priced 2-year-old, at $225,000, was the Lawyer Ron filly Sing Like a Bird, out of the mare Birthday Wire. The filly, bred by Michele and Todd Graves of Hickory Hill Farm of Fort Edward, was sold as a weanling and again as a yearling. She raced once in 2011.

A colt by Medaglia D’Oro out of Summer Flash, bred by Gallagher Stud, brought $500,000 at the Fasig-Tipon Saratoga Select sale in August, the top price paid for a New York-bred yearling last year. John Ferguson purchased the dark bay or brown colt on behalf of Sheikh Mohammed. He is the fourth and final foal out of Summer Flash, who contracted laminitis a month after giving birth. Summer Flash was a multiple route winner on turf by Belong to Me, and was purchased by Gallagher’s Stud at the Fasig- Tipton Kentucky November sale in 2005 for $260,000.

In October at Fasig-Tipton in Kentucky, a $375,000 Lemon Drop Kid yearling filly out of Salty Romance led the way in the first phase of Flying Zee Stable’s dispersal of the racing and bloodstock of Carl Lizza, who died in July. Lizza’s prominent breeding operation was based at Highcliff Farm in Delanson, and the dispersal at auction in Kentucky and Maryland had a significant impact on New York-bred sales for the year.

A colt out of Open Window by Street Boss, bred by Jerry Bilinski and Harry Patten, sold for $285,000 at the Fasig-Tipton Saratoga Select sale.

A total of 38 yearlings brought six-figure sale prices, exactly double the number from a year ago.

Topping the weanling list was a Bernardini colt out of the Compadre mare La Grande Mamma, bringing $280,000 at the Fasig-Tipton November sale. The bay colt was bred by Darley, Edwin Schatzel and Robert O’Brien, and foaled at the Equine Clinic at OakenCroft in Ravena.

Just behind the Bernardini colt on the weanling sales list was a Stormy Atlantic colt out of Forest Lady who sold for $225,000, and a son of Hard Spun out of the Unbridled’s Song mare The Real Melody, who went for $205,000.

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Multiple stakes winner Mother Russia was the leading New York-bred mare sold in 2011, fetching $290,000 at the Keeneland November sale. The 5-year-old daughter of former New York sire Mayakovsky won seven of 18 career starts and earned $528,996 in purses for Obviously NY Stable. Mother Russia, in foal to Tapit, was purchased by Carolyn R. Vogel.

Trainer Linda Rice bought Mother Russia for $21,000 at the New York Breeders’ Sales Company’s 2006 October sale. She went on to win on dirt and turf, and was graded- stakes-placed on Polytrack. Her best season was 2009, when she won five of seven starts and earned $291,828. Two of those victories came in stakes at Saratoga Race Course, helping Rice become the first woman to win the training title at America’s oldest and most prestigious racetrack.

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NY-Bred Yearlings Sold at Auction in 2011

58

59

60

61

62

63

NY-Bred Weanlings Sold at Auction in 2011

64

NY-Bred 2-Year-Olds Sold at Auction in 2011

65

66

67

NY-Bred Mares Sold at Auction in 2011

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2011 Field Inspection Team Report

The Fund’s field inspection team carried out both new and traditional and functions during the past year.

Having recently received training on how to recognize and report animal/equine abuse, team members Thomas Conley and Tom Reynolds paid special attention to the conditions in which horses were living, as well as to the physical condition of the horses themselves. We are happy to report that in only one case did the team feel horses needed someone to speak on their behalf to an owner/caretaker.

In the case mentioned above, the Executive Director recommended that the owner immediately improve the quality and increase the quantity of the feed and hay being provided to the yearlings and the two broodmares at the farm. Additionally, it was recommended that a consistent worming and hoof trim schedule be followed. The owner did act upon the recommendations and as a result the horses gained weight and the young ones demonstrated growth. The owner does not wish to be identified, but he said he welcomed the intervention. We suggested that he periodically visit other farms in his area so that he can see what a thoroughbred should look like through its various stages of growth. He also agreed to consult with his veterinarian concerning the proper care of horses. A field inspector continues to visit this farm every couple of months to make sure the horses are still doing well.

The Executive Director asked Conley and Reynolds to reach out to farm owners with information options for conserving farmland. They offered brochures produced by American Farmland Trust concerning easing the cost of preserving farmland through the following:

♦ Tax reduction and exemption ♦ Farmland protection programs ♦ Environmental management of farms ♦ Conservation of wetlands, wildlife habitat and other natural resources located on farms ♦ Farm viability programs that increase long-term profitability ♦ A contact list for agencies and organizations that assist farmers in meeting preservation and conservation goals

On farm visits the field team also offered the NY Stallion Register, handouts about the Fund’s award programs, and brochures about dealing humanely with unwanted horses. They also keep track of acreage, barns, stalls and paddocks, and whether the farm they are visiting accepts boarders.

This year, the team visited all 287 farms in the state at least once. Sadly, they noted that 19 farms closed in 2011, with owners generally citing harsh economic times as the reason for closing. Two farms converted to other breeds, and five became riding stables in an

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effort to generate more income. The farm closures mean a loss of 1,379 acres to farmland connected to the Fund, though none was lost to suburban sprawl.

Active New York State Farms

410 407 450 397 394 401 403 402 400 378 400

350 307 287 300 250

200

150 100 50 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011

The most striking aspect of the above chart is the 30% decline in the number of thoroughbred breeding farms over the past decade. Farm numbers were at their zenith in 2001, the same year the New York State legislature approved Video Lottery Terminals to provide hundreds of millions of dollars annually for the state and relief for the thoroughbred industry. It took a decade for them to materialize, and along the way the industry fell on hard times. According to the Fund’s field inspectors, 20 thoroughbred farms were lost in 2011. They report that the farms closed, switched to boarding another breed of horse, or converted their facilities to public boarding and riding stables. As you’ll note in the chart, the drop in the number of farms in the last year reflects a slower rate of decline, at 6.5 percent.

The steepest decline came between 2009 and 2010, when 18.7% of our farms closed, switched to serving another breed of horse, or revised their business plans to serve riders of pleasure horses and show horses.

For many years, those involved in the state’s thoroughbred industry were responsible for maintaining over 40,000 acres of green space. According to our field team, years of difficult times for breeders has taken a toll on that green space, though 34,583 acres of land remain in use for those purposes.

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New York Breeding and Racing Compared to Other States

By Executive Director Tracy Egan

The racing industry has recognized the New York Thoroughbred Breeding and Development Fund’s award programs as among the best, if not the best, in the nation since the Fund’s inception in 1973. In 2011, we believe the Fund lived up to its billing as it returned nearly $10 million to people who produced New York-breds, raced New York-breds, and stood stallions to serve the state’s 2,735* active thoroughbred mares.

(Immediately following this report on selected state programs is a reference chart showing incentives on a state-by-state basis.)

Here’s a look at how the Fund distributed more than $9,060,000 to our stakeholders in 2011 in the form of award payments:

Breeder awards: $6,646,168.48 (includes a supplemental payment for 2010)

Stallion awards: $1,559,369.05

Owner awards: $859,621.60

By the time of its October 22nd meeting, the Fund Board of Directors could clearly see in the projected budget provided by CFO Michael DeMarco that Fund revenue would be taking a leap of more than $7,000,000 in the upcoming year based on conservative estimates of VLT revenue. The Board therefore decided to revise breeder-award rates with a 50% across-the-board increase. Additionally, the cap on awards was raised from $10,000 to $40,000 for New York-sired NY-breds, and to $20,000 for NY-breds sired by out-of-state stallions or by stallions standing in New York that are not registered with the Fund. The new rates were approved for implementation beginning January 1, 2012.

Registered New York Sire New 2011

First place 30% 20% Second place 15% 10% Third place 15% 10% Cap per horse per race $40K $10K

Sire Not Registered by Fund New 2011

First place 15% 10% Second place 7.5% 5% Third place 7.5% 5%

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Cap per horse per race $20K $10K

At the same October Board meeting, stallion awards were hiked from 7% of purse earnings for first- through third-place finishes to 10%, beginning on Jan. 1, 2012.

Fund stakeholders received another boost in late fall when NYRA announced that purses at the upcoming Aqueduct winter/spring meet would be boosted by $8,600,000, or 36% more than the same meet in 2011.

That increase would raise purses at the Big A by an additional $100,000 per day, for an average of $375,000 per day. Here’s a look at the new purse structure for the first few months of 2012:

New York-Bred Race Classification Current Purse Revised Purse

Maiden Special Weight sprint $38,000 $50,000 Maiden Special Weight route $39,000 $55,000

Allowance n1x sprint $40,000 $52,000 Allowance n1x route $41,000 $57,000

Allowance n2x sprint $42,000 $54,000 Allowance n2x route $43,000 $59,000

Because purses are historically much higher at NYRA’s Belmont and Saratoga meets, it’s widely anticipated that NY-breds will be running for much bigger purses later in 2012.

Therefore, when examining the accompanying chart, which lays out a comprehensive state-by-state comparison of the various breeding programs throughout the United States and Canada, the reader should take into account that NY-breds are racing for significantly more purse money than horses running under other states’ programs.

The NYRA franchise agreement stipulates under section 2.2: “Performance standards … (a) New York Bred Races. NYRA shall run a minimum of six hundred (600) New York Bred Races each year, subject to the availability of a sufficient number of New York bred horses to run competitive races with customary field size. The number of New York bred races will be dependent on the state’s foal crop and the continuation of State support of the State breeding industry substantially as currently operated.”

In 2011, according to NYRA Vice-President and Racing Secretary PJ Campo, the association ran 584 restricted races. That’s down from 699 races in 2010 and 708 in 2009. The main contributor to the reduction, according to Mr. Campo, is the declining

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foal crop. Indeed, the falloff in numbers of foals born in New York began in 2005 and has continued through 2011 (see the Foal Crop chart on page 11 of this report).

Due to that trend, it has become obvious something needs to be done to increase foal-crop numbers such that NYRA will be more likely to run the minimum of 600 New York-bred races to which it committed when it signed its franchise agreement. Therefore, in mid- 2011 when a small amount of promotional money was freed up by some cost savings, the Fund began a targeted advertising program to entice pregnant mares from other states to come to New York State to foal in 2012. (Read more about this ad campaign in the Promotion and Advertising section of this report.)

Beyond the obvious attraction of the purses shown in the chart on the previous page, we’d like to note that only horses produced in New York under Fund guidelines and registered with the New York Thoroughbred Breeding and Development Fund can run in richly funded restricted races at Aqueduct and Belmont Park, just minutes away from the excitement of Manhattan and the broad sand beaches of Long Island; at Saratoga Racecourse, the dowager queen of American tracks located in the foothills of the Adirondacks; or at Finger Lakes Gaming and Racing, surrounded by the beauty of the state’s Finger Lakes region.

We at the Fund believe that the attributes of our racing venues cry out for cross- promotion with tourism. In response, the Fund created a “Big Apple Triple Contest” to tie in tourism with the three New York-bred races that make up the state’s version of a Triple Crown for 3-year-olds. Read more about that in our Promotion and Advertising section.

Other States

Every state that supports horse racing and breeding programs welcomes the influx of tax dollars as well as the economic impact created by racing and gaming. Therefore, it is not surprising that there is competition among states to attract broodmares and produce horses for the home state’s racetracks.

PENNSYLVANIA

New York’s closest competitor both geographically and monetarily is Pennsylvania. The state began operating its first slot machines in late 2006, and later opened non-track casinos and added table games at 10 casinos, reporting record revenue in 2011 of more than $3 billion. In 2011, gaming contributed more than $20 million to the Pennsylvania Breeding Fund Program, allowing it to distribute more than $8.5 million in awards.

It’s worthwhile to pay close attention to what’s happening in the Keystone State in comparison to New York for several reasons.

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♦ It approved racetrack slots in 2004, largely in response to New York’s 2001 approval, yet had slots in operation five years sooner than in New York. ♦ The PA-bred program distributes more than $15 million annually. ♦ The PA Gaming Control Board was created to oversee casinos and assist in horse racing. ♦ Nearly $275 million in slots revenue fed the state’s racing fund, which divides its money between thoroughbred and standardbred racing and breeding. ♦ The only are in which the handle increased in Pennsylvania racing* was out-of- state simulcast wagers, reflecting an industry-wide trend.

Pennsylvania is paying close attention to what happens with gaming here in New York. John Hannum, Executive Secretary of the Pennsylvania Horse Breeders Association, is quoted in the Thoroughbred Times as saying, “Looking ahead, we expect to see increased competition with New York and Ohio potentially affecting Pennsylvania facilities…”

* According to the Daily Racing Form (May 27, 2011), wagering on Pennsylvania races from all sources totaled $769.6 million in 2010, a slight increase from the 2009 total of $764.9 million. This was due entirely to an increase in betting at out-of-state sites, as in-state wagering fell both on-track and at off-track sites, including through the state’s telephone betting systems.

Since fiscal 2009-2010 (PA’s racing fund follows that state’s fiscal year of April 1 to March 31), Pennsylvania horsemen and horsewomen have been sharing what was intended to be solely their money with the state’s general fund.

By statute, 12% of racetrack slots revenue and 6% of casino slots revenue is to be spent on purses, racetrack improvements, and both thoroughbred and standardbred breeding programs. During the first six months of 2010, however, lawmakers decided to take 34% of the racing and breeding program money. As of July 1, 2010, lawmakers lowered the “take away” amount to 17%, which equates to about $2.7 million a year. The siphon will expire at the end of June 2013 unless lawmakers vote to extend it.

The bottom line is that slots have benefited the PA economy and the state’s thoroughbred and standardbred industries. According to the PGCB (source: Bloodhorse.com), “in the roughly five years Pennsylvania has had casinos, racing has banked more than $1.1 billion, including purses, breed development, and horsemen's pension plans. The state has received more than $3.1 billion, and casino owners have collected more than $4.2 billion.”

In spite of those glowing figures, acclaimed turf writer Paul Moran observes that “Racing in Pennsylvania… has become something of a stepchild of the casinos. Penn National Gaming would just as soon close the tracks. Unless NYRA aggressively markets the sport, this could easily happen here.”

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Like Moran, the staff of the Breeding Fund will be watching hopefully for indications that NYRA will be successful in marketing the sport, ownership, and gambling aspects of the racing industry.

FLORIDA

Florida thoroughbred breeders took yet another hit in 2011, as the state reported a 25.4 percent decline in the foal crop, which is the sharpest drop among the top ten thoroughbred-producing states in the nation. The number of live foals reported fell to 1,565 in 2011 compared to 2,097 in 2010.

In a report on Ocala.com, breeder Cathy Thomas of Ups & Downs Farm in Citra suggests that small breeders in the Sunshine State have been pushed out of the market by the poor economy, saying, “It takes a lot of money to get them ready for sale or for racing. With prices dropping and the statistics of making it to the track so against them, they can't make it with one or two foals and decided not to play anymore.”

One significant response to the downturn in the Florida thoroughbred industry was the planned hiring of a new CEO for the Florida Thoroughbred Breeders’ and Owners’ Association. Lonny Powell vowed to serve his members with “a new vision and esprit de corps.”

Interviewed by Ray Paulick for PaulickReport.com on January 25, 2012, Powell was asked if he understood why, in a state rich in thoroughbred tradition, the foal crop and stallion population has declined so significantly at the same time slot machines were added to the two South Florida racetracks. He responded, “What we all need to keep in mind is just because we have Racinos does not mean that the hard work is over. In fact, I would suggest that the work has only just begun. There are also plenty of other competitive Racino markets that pull breeding stock, such as New York, Pennsylvania and Louisiana, based on the programs and economic incentives offered in those other states.”

Powell’s words about the work having “only just begun” are worth heeding for the New York breeding and racing industries, which should not expect Racinos to provide life support over the long haul. Rather, the VLT revenue is akin to the jockey who eases up on his mount on the backstretch so that it will have a burst of energy for the finish. The revenue, in my opinion, provides the horse industry a breather while it helps recast a racing and breeding model that will attract new fans to racing, reward the owners and handicappers who pour billions into the game, and show respect for our racehorses before, during and after their on-track careers, so that the public doesn’t have a reason to shun racing. If the industry improves on these aspects of the sport, there is a chance that the steady decline in handle can be halted or even reversed.

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Powell is certainly correct that New York will pull breeding stock from Florida and elsewhere due to the Breeding Fund’s incentives and the increased racing opportunities for NY-breds. By the end of 2011, our field inspectors were gathering figures from our New York farms and finding that approximately 20% of the 482 pregnant mares known to be shipping here to foal are from Florida.

Nonetheless, the Fund will follow with interest the methods Florida employs to re- invigorate its breeding programs, as Powell promises to take a look “at what might be possible if we could totally reinvent the wheel when it comes to state incentive programs.”

KENTUCKY

With due respect to the signs around Ocala proclaiming it as the “Horse Capitol of the World,” doesn’t everyone consider Kentucky the center of the thoroughbred universe? Well, despite a problem convincing its own state lawmakers of that universal truth, Kentucky still produced more foals than other state in 2011. The year’s total of 11,065 foals is a lot of baby horses, yet represents a decline of 14.4% from 2010, when 12,931 babies entered the world on their famed limestone soil.

The Fund’s field team suggests that a fair number of Kentucky mares are, like many Florida mares, making the trip north to the land of large purses and ample rewards for quality horses. The team knows of nearly 350 mares making travel plans from Kentucky for the 2012 foaling and breeding season.

While we look forward to including their offspring in the Fund’s foal-crop head count in 2012, we sympathize with Kentucky breeders, who by year’s end were still waiting for their governor and legislature to open the doors to the kind of casino-style gaming available in their neighboring states. Because there’s a constitutional ban on such gambling in KY, lawmakers will have to set up a referendum vote for residents to decide whether they want to allow casino gaming. If approved, the money generated would be earmarked for the horse industry as well as the state’s general fund.

This passage from a recent article in the Lexington Leader Herald succinctly explains the disadvantage at which Kentucky-breds now find themselves: “’Racehorse owners at the bottom-level claiming races could either compete for $6,000 in Kentucky or run in the same kind of race but against weaker horses in Indiana for $10,000, in West Virginia for $11,000, or in Pennsylvania for $17,000,’ he (former trainer David England) said. ‘For horses bred in those states, the money is even higher. To break even on the costs of training alone, a horse would have to win six races in Kentucky or three in Indiana.’”

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INDIANA

Infighting and politics reared their heads in the Hoosier state this past year, and at this writing it’s not clear what will result. While Indiana only produces about 2 percent of the nation’s thoroughbreds, the slots money that was intended to bring mares to the states farms and racehorses to its track has been working. It’s been working so well, in fact, that people like the former Kentucky trainer mentioned above had to race in his neighboring state or lose owners who coveted Indiana purses. In 2008-2009, Indiana’s foal crop, though small, grew by 25%. Farms in the southeast part of the state near the KY boarder flourished with an influx of mares from Kentucky.

The success also drew the attention of the State’s Inspector General, who was instructed to examine the Indiana Horse Racing Commission for possible improprieties. Finding none, IG David Thomas looked into the legal subsidies provided the state’s equine industries and concluded that the equine industry should get only about a half of the slots pie.

The Executive Director of the Indiana Horsemen’s Benevolent and Protective Association was stunned that the IG offered his opinion on industry subsidies in a report on the racing commission. In the ThoroughbredTimes.com on November 11, 2011, Mike Brown said, “Where did that come from... we certainly disagree with it. Last year the legislature debated this issue extensively and determined that racing’s $1-billion economic impact more than justifies the money for racing.”

As this Annual Report is being written, Indiana’s House and Senate have not yet acted upon a House measure that would implement the IG’s recommendation.

In an Associated Press Report dated Nov. 17, 2011, Chairman Herb Likens of the Indiana Thoroughbred Owners and Breeders Association said that cutting the subsidy would devastate the industry. "The quality of racing in the state of Indiana would go down rapidly… people don't realize how important horse racing is to Indiana, especially where I'm at in Anderson."

The Indiana Program revised its awards structure two years ago. According to their website, quoted below, they improved the awards for owners, breeders and stallion owners:

Beginning in 2009, all owner, breeder, and stallion owner awards will be calculated on the gross purse (total purse) and no longer on just the base purse. All owner and breeder awards will be 20% of the gross purse with the stallion owner award being 10% of the gross purse. The owner award for the programs claiming races, equal to or greater than $10,000 is an increase from 15% in prior years. We have also removed the maximum cap of $10,000 per award which allows the owner and breeder awards to expand to $14,000 in the restricted stakes program.

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For other parts of the program, we made some minor adjustments to the Out-of- State Breeder Award and the Open Race Awards. The minimum level race to qualify for the out-of-state breeder award is being adjusted slightly upward to a condition greater than or equal to a claiming price of $10,000. Prior to 2009, the minimum level to qualify for this award was above a claiming price of $7,500. The out-of-state breeder award will now available for two-year olds racing any time prior to the start of the Hoosier Park meet as opposed to the prior cut off of July 1st in years past.

MASSACHUSETTS

Horsemen and horsewomen in the Bay State were buoyed in 2011 by the passage of a casino bill that will direct nine percent of slots revenue to horse racing. The rallying cry was that horse racing could flourish again if the state would help power the economic engine with the same fuel (slots) used in New York, Pennsylvania, Delaware and West Virginia.

As in New York, the Massachusetts Thoroughbred Breeders Association points to jobs and preservation of green space as reasons to shore up the breeding and racing industries. Our neighbor to the east says thoroughbred racing puts “several hundred million dollars annually into the Massachusetts economy” and provides 1,200 jobs.

In 2012, potential casino operators will bid for the rights to operate one of three regional casinos, one in the Boston area, one in southeastern Massachusetts, and one in the western part of the state.

Observers expect Suffolk Racetrack to compete with Las Vegas Casino mogul Steve Wynn for the right to build the Boston-area betting venue. Wynn is reportedly teaming with New England Patriots owner Robert Kraft to propose a casino-hotel complex near the team’s Foxboro location, which falls within the “Boston area.”

A casino in the Berkshires would presumably siphon a small amount of traffic from Saratoga Gaming and Raceway, which is located about an hour’s drive from the Mass Pike entrance to New York State.

For further details on the incentives offered by various state breeding programs, please examine the following chart, courtesy of North American Trainer Magazine.

* Mare count provided by the Fund field inspection team

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NEW YORK-BRED GRADE/GROUP-1 WINNERS OVER THE PAST 30 YEARS

1981 – Fio Rito, 6 y.o. h, G1 and G2 wins 1982 – Cupecoy's Joy, 3 y.o. f, 2 G1 wins 1984 – At the Threshold, 3 y.o. c, 2 G1 wins, G2 win, G3 win Win, 4 y.o. g, G1 and 3 G2 wins 1985 – Win, 5 y.o. g, G1 and G2 wins 1987 – Grecian Flight, 3 y.o. f, G1 and G2 wins 1991 – Fourstars Allstar, 3 y.o. c, G1 win in Ireland 1992 – Saratoga Dew, 3 y.o. f, 2 G1 wins and G2 win Thunder Rumble, 3 y.o. c, G1 and G2 wins 1995 – Perfect Arc, 3 y.o. f, G1 and 2 G2 wins 1997 – Victory Speech, 4 y.o. c, G1 win 1998 – Lucky Roberto, 2 y.o. c, G1 win 1999 – Circle of Life, 2 y.o. f, G1 win 2000 – Critical Eye, 3 y.o. f, G1 and G3 wins 2001 – Critical Eye, 4 y.o. f, G1 and G2 wins 2002 – Carson Hollow, 3 y.o. f, G1 and G3 wins 2003 – Funny Cide, 3 y.o. g, 2 G1 wins Buy the Sport, 3 y.o. f, G1 win Whitmore's Conn, 5 y.o. h, G1 and G2 wins 2004 – Funny Cide, 4 y.o. g, G1 and 2 G3 wins Friends Lake, 3 y.o. c, G1 win 2005 – Commentator, 4 y.o. g, G1 win Acey Deucey, 3 y.o. f, G1 and G2 wins 2006 – Fleet Indian, 5 y.o. m, 2 G1, 1 G2, and 2 G3 wins Behaving Badly, 5 y.o. m, G1, G2, and 2 G3 wins 2008 – Commentator, 7 y.o. g, G1 win Bustin Stones, 4 y.o. c, G1 and G2 wins 2010 – Franny Freud, 3 y.o. f, G1 and G2 wins Rightly So, 4 y.o. f, G1 and G3 wins Haynesfield, 4 y.o. c, G1 and G2 wins A Shin Forward, 5 y.o. h, G1 and G3 wins in Japan 2011 – Weemissfrankie, 2 y.o. f, 2 G1 wins Giant Ryan, 5 y.o. h, G1 and G2 wins Mission Approved, 7 y.o. h, G1 win

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New York-Bred Lifetime Leading Earners

Domestic and Foreign Racing Through Dec. 31, 2011

HORSE NAME STARTS WINS 2NDS 3RDS EARNINGS Funny Cide 38 11 6 8 $3,529,412 A Shin Forward 30 6 3 3 $3,399,788 Say Florida Sandy 98 33 17 12 $2,085,408 Commentator 24 14 1 4 $2,049,845 Gander 60 15 10 9 $1,824,011 L'Carriere 23 8 4 3 $1,726,175 Fleet Indian 19 13 0 1 $1,704,513 Fourstardave 100 21 18 16 $1,636,737 Saint Lyphard 28 6 3 3 $1,607,833 Fourstars Allstar 59 14 14 9 $1,596,760 Win 44 14 10 3 $1,408,980 Friendly Island 19 8 3 2 $1,369,714 Grecian Flight 40 21 6 3 $1,320,215 Haynesfield 19 10 2 1 $1,319,481 Pastry Chef 47 3 8 9 $1,298,071 Victory Speech 27 9 2 5 $1,289,020 Fit for a Queen 51 13 14 9 $1,226,429 Irish Linnet 62 19 16 10 $1,220,180 Lottsa Talc 65 21 10 12 $1,206,248 King the Fact 32 5 5 4 $1,198,300 Naughty New Yorker 67 12 10 10 $1,089,884 Critical Eye 38 14 4 3 $1,060,984 Capades 27 11 9 2 $1,051,006 Thunder Rumble 19 8 0 1 $1,047,552 Queen Alexandra 46 19 8 5 $1,034,144 Get Serious 34 13 2 2 $1,017,091 West Virginia 29 7 6 5 $1,010,938 More to Tell 85 18 16 16 $995,804 J'ray 26 9 8 1 $969,843 Tinchen's Prince 95 14 21 14 $953,463 Ballindaggin 14 4 2 3 $946,894 Wanderkin 99 21 14 21 $937,517 Excellent Tipper 70 12 12 10 $925,498 By the Light 20 10 3 3 $885,632 Gold and Roses 45 10 12 6 $877,966

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EQUINE RESEARCH

By statute, the Fund is required to provide two percent of its revenue to the Harry M. Zweig Memorial Fund at the Cornell College of Veterinary Medicine in Ithaca, NY.

We hope 2011 is the last year in which our payment represents a decline from previous years. Our payment for 2011 is expected to be $218,500, down approximately four percent from our 2010 expense.

The Board of Directors of the Zweig Memorial Fund includes Dean Michael Kotlikoff as well as individuals involved in both the thoroughbred and harness-racing industries. The Fund is gratified that two members of our board, Chairman John Sabini and esteemed veterinarian Dr. William B. Wilmot, are members of the Zweig Fund Board as well.

Dr. Wilmot plays an especially important role in helping to evaluate many equine research projects that seek funding from the Zweig Memorial Fund. This is a complex and time-consuming task that requires a great deal of wisdom and broad knowledge of equine diseases and research to decide which projects receive funding.

A copy of the Zweig Report for 2010 can be viewed at our website (www.nybreds.com). We will post the Zweig Report for 2011 when it becomes available.

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Letters from Industry Leaders

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New York State Thoroughbred Breeding & Development Fund Corp.

Investment Policy

A/O 12/31/08

In 1983, in accordance with the requirements of Chapter 383 of the Law of 1983 (Public Authorities Law), the Fund duly adopted the following resolution.

RESOLVED that, in accordance with requirements of Chapter 838, Section 25 of the Laws of 1983, the New York State Thoroughbred Breeding & Development Fund Corporation, a public benefit corporation, hereby approves and adopts the following investment guidelines:

A) All funds of the corporation available for investment shall be deposited in interest-bearing accounts or certificates of deposits with banks in New York State for the shortest possible period and at the highest available interest rate; or in United States Treasury short-term bills or notes at the highest available rate.

B) There shall be no other form of investment.

C) Certificates of deposit shall be fully secured.

D) The independent auditors of the corporation shall annually review and examine the corporation's investments, and shall immediately report to the directors of the corporation any variance from the foregoing requirements.

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Requirements and Regulations

for the

New York-Bred Registry

New York State Thoroughbred Breeding and Development Fund Corp. 19 Roosevelt Drive, Suite 250, Saratoga Springs, NY 12866 John Sabini, Chair Tracy Egan, Executive Director

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Interpretation The rules in this article shall be administered by the Fund and questions of interpretation and intent shall be determined by the Fund.

Administration Procedures for establishing compliance with or satisfaction of such rules shall be established by the Fund and administered by its Executive Director.

Registration and de-registration No horse shall be considered a “New York-bred” thoroughbred unless such horse is so registered by the Fund. Should the Fund be satisfied that grounds exist to cancel or void a registration, it may so determine and order any monies of the Fund due any person as a result of such questionable registration held and, if paid, to be returned to the Fund for proper disposition. In addition, pending such determination, the Fund shall be empowered to order retention of such monies as may be payable as a result of any questionable registration, for proper disposition, upon its final determination.

Sanctions For good cause shown, the Fund may order that any individual shall be disqualified from participating as a beneficiary of such Fund for such time as it may determine appropriate.

New York-bred (a) Definitions - as used in this article, the following terms shall mean: 1. Fund: The New York State Thoroughbred Breeding & Development Fund 2. Thoroughbred: A horse registered or qualified for registration as a thoroughbred by the Jockey Club 3. Horse: Except when from the context it appears otherwise, shall mean horse, stallion, mare, gelding, ridgling, colt, or filly 4. Foal: The offspring of a sire and dam, having been born 5. Foaled: Born 6. Sire: The male parent of a horse 7. Dam: The female parent of a horse 8. Breeder: The owner of the mare (dam) at the time it foals a New York-bred 9. “New York Stallion”: A thoroughbred stallion standing in New York State and registered with the Fund in accordance with the law

For requirements and regulations regarding your foals, please contact our offices.

For foals of 1996 and beyond (1995 and subsequent breeding seasons), for a foal to qualify as a registered New York-bred, the dam of such foal must:

A. Be continuously in residence in the State of New York from no later than 90 days after her last cover in the year of conception and thereafter remain in residence until foaling in New York State; or

B. Foal in the State of New York and be bred back to a registered New York stallion and thereafter remain in New York for a continuous period of 90 days after giving birth to such foal.

These simple rules effectively create two categories of mares – resident mares and transient or “visiting” mares – and should more participation in the Fund program more attractive for prospective breeders and owners.

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New York State Farm Directory A listing of the nearly 300 farms in the New York-breds community

Farm Contact Area Advantage Training Center April Tschen Saratoga Co. Akindale Farm Katie Feron Pawling Albright Thoroughbreds Holly Perini Wayne Co. Andiamo Farm Paul & Karen Barrow Ontario Co. Anjes Farm Andrew Pokowitz Middletown Apache Stables Tim & Jane Moriarty Livingston Co. At Liberty Farm Arlene Lauren Nassau/Suffolk Austerbrook Farm Robin & Bruce Hare Hudson Austro Farm Mike Austro Saratoga Co. Avandelle Farm Jennifer Gurney Syracuse B & B Thoroughbreds Bob & Barbara Sullivan Hudson Babcock Farm Dale Babcock Binghamton Banahan Farm William Banahan Albany Co. Banawitz Farm Art Banawitz Montgomery Co. Barely Able Farm Patty & Anna Calandro Millbrook Beals Farm Peter Beals Saratoga Co. Berkshire Stud Dr. Doug Koch Rhinebeck Birsh Family Farm Mike Tobin Saratoga Co. Blue Apple Farm Buzz & Karen Sheak Columbia Co. Blue Chip Farm Jean Brown Middletown Blue Stone Farm Tom Gallo Saratoga Co. Blue Streak Stables Bill & Ursula Niarakis Nassau/Suffolk Bobley Thoroughbreds Suzanne Bobley Saratoga Co. Breezy View Farm John & Rhonda O’Haggen Clinton Co. Broadway Thoroughbreds @ Cat’s Mary Lennon Washington Co. Paw Broken Fence Farm Bruce Anderson Canandaigua Brymor Thoroughbreds Brian R. Moran Buffalo Buckridge Farm Amy & Jody Boll Hudson Bueti Farm Marie Bueti Middletown Burnett Farm Glen Burnett Ontario Co. Ray Manshack & Jenny Buttonwood Farm Rhinebeck Carpenter Carapan Farm Ed Gregory Catskill Carlland Stables Susan Carlson Geneseo Cascade Farm Linda Parnes Hudson

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Farm Contact Area Cayuga Valley Farm Al Becker Ithaca Cazenovia College Carol Buckhoat Cazenovia Cedar Ridge Farm Sue & Gary Lundy Rhinebeck Centennial Farm Al Geltmacher Oneonta Charlton Farm Jenna Desmond Saratoga Co. Chase Hill Farm William Johnson Onondaga Co. Cheese and Quacker Farm Peter & Chris Roncone Canandaigua Cheshire Ridge Farm Wendy & Jeff Shenkel Canandaigua Chester & Mary Broman & Jeff Chestertown Farm Chestertown Raines Cobble Creek Farm Jerry Herron Albany/Troy Cobblestone Farm Christine Nunn Canandaigua Cobleskill College Therese M. Garufi Cobleskill Cohn Farm Dragoljub Vasiljevic – Manager Liberty Conroy Farm Peggy Conroy Glen Falls Cornell Crest Farm Ann & Ken Cornell Saratoga Co. Cornell University Carol Collier Ithaca Covertdale Farm Margaret Sprague Montgomery Co. Crescent Brook Farm Dr. Mark T. Jordan Millbrook/Poughkeepsie D’Alessandro Racing Stable Ralph D’Alessandro Ontario Co. Delehanty Stock Farm Jim Cassidy Millbrook Delmation Farm Duane C. Delari Constableville Desmond Farm Jerry Desmond Suffolk Co. Distasio Farm Richard & Christine Distasio Orange Co. Dixon Farm Linda Dixon Canandaigua D K Wood Stables Darwin Wood Catskill Donegan Farm David Donegan Rochester Double M Quarterhorse Farm Michelle Demello Chenango Co. Dream Come True Farm Anthony DeRosa Nassau/Suffolk Dukes Farm Harris & Marvin Dukes Hudson Dutchess Views Farm Michael Lischin Pine Plains Eddybrook Thoroughbreds Warren & Dale Lee Thiel Hudson Edition Farm North Vivian Malloy – owner Millbrook/Poughkeepsie Ends Well Farm Edward Schatzel Rome/Utica Englehardt Farm Jesse Englehardt Canandaigua Equest Farm James Taylor Hudson Equine Clinic at Oakencroft Dr. Rick Lasser Ravena Farm at Saugerties John & Tammy Candlin Saugerties Fast Break Farm Stacy & Tom Purchase Nassau/Suffolk Fawn Ridge Farm Jo Ann Finley Hudson Featherwood Farm Sherry Jerome Amsterdam Fedwell Farm John & Jamie Jayko Saratoga Co. Finally Home Farm Dr. Steve Sedrish Saratoga Co. Five Oaks Farm Thomas Mina Saratoga Co. Five Roses Farm Dr. Clyde Cranwell Branchville Flying Red Horse Farm Margie Ritzer Rensselaer Co. Foggy Bottom Farm Beverly Least Geneseo Fort Christopher Farm Chris Shelli & Ann Marie Toomey Glens Falls Four Seasons Farm John Michelotti Middletown

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Farm Contact Area Four Way Farm Everett L. Estabrooks Ontario Co. Fox Run Farm Bob Ubbink Ontario Co. Frosty Acres Farm Denise & Eric Organ Ulster Co. Gallagher’s Stud Mallory Mort – Farm manager Hudson Glen Laer Farm Scott Van Laer Essex Co. Glenmare Farm Brian Gillum Amsterdam Glynwood Farm Ken Kleinpeter Putnam Co. Goodwin Farm Gab Goodwin & Jerry Price Saratoga Co. Grandchester Meadows Farm Dennis and Julia Brida Saratoga Co. Grayson Family Farm Herb & Robin Borchers Rensselaer Co. Green Rocks Farm Nathan Reynolds Cayuga Co. H H Farm Ann & Joan Hayes Glens Falls Half A Chance Farm June Corbett & Michele Peters Saratoga Co. Hallett’s Belgians & T’breds Allen Hallett Cayuga Co. Harmon’s Farm Donna Harmon Rochester Harper Hill Farm Sharon Pick Oneonta Hasty Hills Farm Becky Bates Wyoming Co. Havens Oak Farm Sue & Jim Hooper Glens Falls Havington Hill Farm Jeanette Rockwell Ithaca Hayes Farm Linda Hayes Montgomery Co. Hayward Farm Stu Burke Saratoga Co. Headstream Farm Dick Strickland Ontario Co. Heberle Stables Heather Heberle Monroe Co. Hebert Farm William Hebert Saratoga Co. Hessenhof Farm John & Heike Brooking Glen Falls Hi Tail Farm Betty & Len Powell Saratoga Co. Hickory Hill Farm Michele & Todd Graves Glens Falls Hickory Knoll Thoroughbreds Stephanie Forsyth Rhinebeck-Pine Plains Hidden Brook Farm Tim Moriarty Livingston Co. Hidden Lake Farm Chris Bernhard Middletown Hidden Springs Ranch Jennifer Breslin Saratoga Co. High Gate North Brynn Collier-Helms Middletown Highcliff Farm Dr. Lynwood O’Cain Amsterdam Highland Farm Tony Turchiarelli Middletown Hilltop Stables Richard D. Ray Binghamton Hogan Farm Elizabeth Hogan Erie Co. Hope Springs Farm Harald Berge Ontario Co. Hoxie Stables Julie Hoxie Saratoga Co. Hudson Meadow Racing Heather Larson Columbia Co. In Front Training Center Michael Schrader Hudson Indian Creek Farm John Curran Saratoga Co. Indigo Farm Jan Durrschmidt Rhinebeck Irish Hill Century Farm Rick Burke Saratoga Co. Ivy League Farm Chris & Patricia Purdy Ithaca Jack’s on the Hill Farm Patrick Maloney Millbrook/Poughkeepsie Jacobs Thoroughbreds Susan Jacobs Monroe Co. Jellows Farm Henry Jellows Saratoga Co. Jewett Holmwood Farm David Strack Erie Co. J M Stables Joe & John Marino Kingston

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Farm Contact Area JP Racing Stable Pam and Ralph Bianculli Nassau/Suffolk Julfran Farm Mary Garofalo Poughkeepsie Julieacres Henry & Connie Gregory Oneonta Just Us Racing Paul A. Friscia Yates Co. Kaz Hill Farm Sal Martin Middletown Keane Stud Dr. Win Stevens & Philip Lascar Amenia Kiernan Farm Owen Kiernan Montgomery Co. Kinderfields Farm Tina Worsfold Hudson La Famiglia Farm Lee Berkowitz Nassau/Suffolk Lakeview Bar D Farm Deborah Reeder Romulus Leatherstocking Equine Dr. William Johnson Otsego Co. Legend Land Farm Stephen & Tammy Jacobs Canandaigua Liberty Hill NY Farm Tim Burns Saratoga Co. Lintelman Farm Cindy & Blake Lintelman Saratoga Co. Longford Farm Dan & Jane Burke Elmira L. I. Equine Dr. Rustin McIntosh Suffolk Co. Majestic View Farm Dan Henry Ulster Co. Mallazzo Farm Helen Mallazzo Suffolk Co. Mandas Farm Nicholas Mandas Orange Co. Maple Hill Farm Lesley & Mike Hurd Middletown McCormick Farm Don & Kelly McCormick Oneonta McMahon of Saratoga Anne & Joe McMahon Saratoga Springs Thoroughbreds MDS Farm Patrick Williams Rhinebeck Meadow Hill Lane Farm Joe Szymczak Middletown Meadow View Thoroughbreds Judy Orton Amsterdam Milfer Farm Dr. Jon Davis Oneonta Mill Creek Farm Anne Morgan & Tim Little Saratoga Co. Mill Creek Stables Mary Pomeroy Chenango Co. Millstone Farm John & Christina Rogers Suffolk Co. Mil-Ridge Farm Robyn Gibbs Nassau/Suffolk Misty Evening Farm Kathleen & Chris Herbert Middletown Misty Mountain Farm Peter Putriment Amsterdam Monhill Farm Dr. Bernardo Mongil Millbrook Morning Sun Farm Michael & Debra Divitto Saratoga Co. Murdoc Farm Carole A. Murray Nassau Co. My Meadowview Farm Denise Maynard Poughkeepsie Netherbloom Farm Sunny Comfort Millbrook Netherwood Acres Bob & Lisa Smith Poughkeepsie Nolan Farm John Nolan Schoharie Co. North Road Stable Ben Buck Otsego Co. Northway Farm Richard Lugovich, Sr. Saratoga Co. North Winds Stable Kelly & David Gyure Otsego Co. Nursemare Farm Debra Pease Hudson Oak Orchard Farm Timothy Tompkins Batavia/Buffalo Oak Run Farm Mary & Dan Coffey Canandaigua Olivia Racing Stables Anthony Olivia Washington Co. Oriskany Creek Farm Rebecca Czarnocki Utica/Rome Overtime Farm Mike Sheer Rhinebeck

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Farm Contact Area Parker Lightfoot Farm Harris & Diane Parker Dutchess Co. Patroon Farm John Graziano Albany Co. Peacefields Louis Ferrari Saratoga Co. Peaceful Meadows Farm Cynthia M. Kearns Herkimer Co. Pegasus Farm Tom Dushas Millbrook Pepper Farm Dr. Carol Pepper Orleans Co. Perty Numbers Farm Oscar Barrera, Jr. Ontario Co. Pine Ridge Farm Martin Zaretsky Hudson Posner Farm Nathan & Rebecca Posner Livingston Co. Princetown Farm Gary Zarr Schenectady Co. Pucker Ridge Farm Lois Engel – owner Glens Falls Putnam Horse Haven Norm Putnam Syracuse Q. B. Ten Farm Tim Murphy Canandaigua Quiet Hill Farm Susan C. Lockhart Ontario Co. Quiet Oaks Farm Frank & Kerri Maner Amsterdam Quiet Time Farm Tom Selover Oneonta Quinella Farm Paul & Kelly Zanella Saratoga Co. R & R Farm Mike Lecesse Canandaigua Rainbow Fields Farm Kay & Richard Zwirn Saratoga Co. Reading Farm Linda Reading Buffalo/Batavia Rhapsody Farm Elaine Peck Oneonta Ridgeview Farm Denise Dorey Glens Falls Ridin Hy Ranch Andy & Susan Beadnell Glens Falls Riverside Farm Robert Donnan Geneseo River Zone Farm Mara Holcomb Saratoga Co. Rockmount Equestrian Center Sean Finn Ulster Co. Rocky Top Acres Debbie & Hank Freeburn Glens Falls Rogers Farm Frank Rogers Tioga Co. Rojan Farm Ellen & Barbara Bongard Saratoga Co. Rowland Farm Kelly Rowland Washington Co. Runway Farm Nicholas P. Bergquist Monroe Co. Sandcastle Farm Pam Losert Saratoga Co. Sandy Way Farm Angelo Katrakazos Delaware Co. Saratoga Glen Farm Dan & Kathy Barraclough Saratoga Co. Seldom Still Farm Dr. John McDermot Saratoga Co. Sequel Stallions Chuck Parr Columbia Co. Serendipity Stable Dana Vincent Suffolk Co. Seven Furlong Farm Tracy Egan Saratoga Co. Shadowbrook Farm Debbie Smith Albany Co. Shamrock Hill Farm Cheryl Prudhomme Albany/Troy Sharp Farm Eric Sharp Ontario Co. Sherrard Farm Jan Sherrard Saratoga Co. Shetron Farm Phyliss Shetron Ontario Co. Shook Farm Walter & Patricia Shook Catskill Sickle Pond Farm Emma Bell Saratoga Co. Silvernails Farm Donna Sammons Columbia Co. S K Farm Kerry Metivier - owner Washington Co. Skytop Farm Peggy Thomy Liberty Skyview Farm Tom McTygue Saratoga Co.

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Farm Contact Area SmartLee Farms David Smart Yates Co. Smoke House Farm Smitty Gayheart Montgomery Co. Snowberry Farm Becky Schroeder Hudson Song Hill Farm H. James Bond Mechanicville Sparling Farm Wayne Sparling Oneonta Spencer Hill Farm Mike Progno Rochester Spirit Horse Farm Diane Cardinale Orange Co. Springtown Farm Tina Pappalardo Ulster Co. Star Lily Stables Lynda Gross Schoharie Co. Stepwise Farm Dr. Bill Wilmot & Dr. Taylor Saratoga Co. Stiehler Farm Rachel Stiehler Wayne Co. Stone Bridge Farm Sue Vitro Glens Falls Stone Church Farm Margarette Davis Saratoga Co. Stone Croft Farm Marsha Himler Saratoga Co. Stonefield North Peter Colon Buffalo/Batavia Stonegate Stables William Johnson Saratoga Co. Stonehenge Farm Dr. Larry & Barbara Sautter Middletown Stonewall Farm Peter Moore Mt. Kisco Stratton Farm William & Catherine Stratton Oneonta Struble Stable Erica Struble Tioga Co. Summit View Farm Melanie & Glen DiSanto Saratoga Co. Sun Valley Farm Jack Boisvert Saratoga Co. Sundial Farm Bobby & Phyllis Hoyt Amsterdam Sunny Crest Farm Bill & Elaine Barone Albany Co. Sunnyfield Farm John Grue Mt. Kisco Surreywood Farm John & Becky Torres Middletown T & B Horse Farm William Brooking Albany Co. Tamarack Manor Heidi White Ulster Co. Tatra Farm Pavel Blaho Rhinebeck Tender Loving Care Farm Betty Moscatelli Orange Co. Tenmile River Farm Cynthia & Bryan Hawks Dutchess Co. The Run at Saratoga David Cummings Saratoga Thornedale Farm John Eaton Millbrook Tomlin Farm Elizabeth Tomlin Amsterdam Tomorrow Bloodstock Al Martin Middletown Torelli Farm Stacy A. Torelli Ontario Co. Torrey Ridge Farm Allison Firmstone Canandaigua Trade Wind Farms Thomas D'Ambra Vischers Ferry Turetsky Farm Judy Turetsky Canandaigua Twin Creeks Farm Sandee Schultz Oneida Co. Ubbink Farm Steven Ubbink Ontario Co. Unbridled Horse Ranch Susan Kayne Columbia Co. Usher Farm Richard & Kathleen Usher Albany Co. Valentine Thoroughbreds Sal Iorio Ontario Co. Valletta Farm Jennifer Wilhelm Saratoga Co. Victory Lane Farm Dawn Hew Millbrook Vinery New York at Sugar Maple Howard Kaskel Dutchess Co. Vinery Stallions Lere Visagie Columbia Co. Walden Farm Karen Barrows Albany/Troy

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Farm Contact Area Waldorf Farm Dr. Jerry & Darlene Bilinski Hudson Whipstick Farm Jane Elletson Washington Co. Whisper Hill Farm Dot Bailin Middletown Whispering Wind Farm Mike Schoenerman Ontario Co. Whispering Wind of NY Nick Glenney Onondaga Co. Whitehall Farm Michael Palenscar Syracuse Willow Keep Farm Diane Nelson Suffolk Co. Winamaker Farm Paula Marone - owner Saratoga Co. Winbak Farm of NY Nancy Connelly Orange Co. Wynwell Farm Cyndi Sheils Millbrook

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