A deepening crisis. Two years ago, I wrote that our American breeding industry's chief service providers (stallion owners, sale companies, and veterinarians) needed to be proactive and reduce their fees 50% to address an emerging crisis in breeder profitability. I pointed out that as breeders disappear, there will be fewer and fewer horsemen and horses to “service,” and revenues for all groups will decline, even after the general economy regained strength. In other words, I argued that it is actually in the best interest of service providers to work with breeders to lower production costs in order to keep them afloat.
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