Why should I participate in the Kentucky Breeders Incentive Fund (KBIF) and the Kentucky Miniature Horse Breeders Club (KMHBC)?
Participation in the KBIF may:
- Increase the price of the Kentucky Bred miniature horses that you sell.
- Increase the market for your Kentucky Bred miniatures.
- Your Kentucky Bred horses that you show may receive payouts from the KBIF based on their show performance.
- In summary, It should be easier to sell your horses, you should get more money for them and your show horses may win money in the show ring.
What is the definition of a Kentucky Bred horse?
A Kentucky bred horse must be conceived in Kentucky and foaled in Kentucky, and in addition the sire and dam of the foal must be nominated by the KMHBC.
What is the Kentucky Miniature Horse Breeders Club (KMHBC)?
The KMHBC is an organization of miniature horse breeders that was established to allow Kentucky breeders to participate in the Kentucky Breeders Incentive Fund. The KMHBC has representatives from the 4 Kentucky area miniature horse clubs (BMHC, MAMHC, IKI and Southern Kentucky) on its board of directors. The KMHBC is the liaison between the miniature breeder and the Kentucky Horse Racing Commission – the organization that manages and distributes the funds from the Kentucky Breeders Incentive Fund. You must be a member of the KMHBC to participate in the KBIF. In other words, you must be a member of the KMHBC to nominate the sire and dam of a horse that is conceived and foaled in Kentucky to receive any funds from the Kentucky Breeders Incentive Fund.
Do I have to be a Kentucky resident to be a member of the KMHBC?
No, you do not need to be a Kentucky resident to be a member of the KMHBC but your show horse must be Kentucky bred to collect pay outs from the KBIF. Your stallion must stand the entire breeding season in Kentucky, the stallion and dam must be nominated and the foal must be conceived and foaled in Kentucky to produce a Ky. Bred horse.
Do I need to nominate all of my stallions to produce Ky. bred horses?
No, you only need to nominate your stallions that you will be breeding to produce Ky. Bred foals. Remember that the dam must also be nominated for the foal to be Ky. Bred. The stallion and the dam must be nominated each breeding year that you will be using them for breeding Ky. Bred horses. A foal nomination is good for the life of the foal.
I have a non-KY. bred stallion and a non-KY bred mare. Can I breed them to produce a KY. bred foal?
Yes, but the stallion must stand the breeding season in Kentucky, and the stallion and mare must be nominated. The foal must be conceived and foaled in Kentucky, the mare must be in Kentucky a minimum of 45 days before foaling and, as we mentioned before, you must be a member of the Kentucky Miniature Horse Breeders Club.
Should I nominate my stallions and mares if I am not going to show any of the foals?
Yes, if you sell a Ky. bred foal and the foal is shown, you will receive 10% of incentive fund payouts if you are the stallion owner (person owning stallion at time of service) and you will receive another 10% of incentive fund payouts if you are the breeder (breeder is the owner of the mare when it gives birth) and foal nominator. If the breeder and foal nominator are not the same person, each will get 5%.
Is there an age limit for a Ky bred horse to be shown and receive incentive funds?
Yes, the horse that is shown must be born in 2004 or after. An older horse can still be a nominated sire or dam and receive a portion of their offsprings incentive fund show earnings.
How do I become a member of the KMHBC and nominate my horses?
A membership and nomination forms are located on the KMHBC web site at www.kentuckyminiaturehorsebreeders.org