The topic of the diminishing North American Thoroughbred foal crop (estimated 17,000 for 2026) came up several times during last week's Global Symposium on Racing hosted by the University of Arizona Race Track Industry Program in Tucson. This is often referred to as our industry's "horse shortage" problem. I try to avoid that term in my reporting unless I am directly quoting someone who says it. Instead, the sport has long been dealing with an "owner shortage." Breeders stand ready and willing to start producing more racehorses if only more...