foal crop decline

Open Letter: The Declining Foal Crop And The Road Ahead

For some who breed and race Thoroughbreds, the decreasing foal crop is regarded as a bellwether for a business in decline. Yet, a clear-eyed look that goes beyond numbers--and the efforts to turn them around--offers an important reminder: North American Thoroughbred breeding and racing still has real strengths. But to ensure its future we need strategic, collective action to strengthen the sport and keep it vibrant for generations to come. Industry collaboration is the only path to revitalizing Thoroughbred production.   Understanding the Foal Crop Decline In 1950, arguably the...

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Number of Active Trainers Declines, Median Purse Earnings Edge Up

The number of Thoroughbred trainers who started at least one horse in North America declined in 2024, dipping from 4,058 in 2023 to 3,886 in 2024, a reduction of 4.2%. The slippage is largely in step with the fall-off of the annual foal crop and the closure of racetracks across the continent. Using year-end historical statistics posted on Equibase to make comparisons, the number of North American trainers has dropped 21.5% from five years ago, when 4,955 conditioners were active in 2019. Ten years ago, in 2014, there were 6,262...

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