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☛ NCHA Super Stakes Sale 4-20-16

Posted by on Apr 20, 2016 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, INDUSTRY NEWS, REINING NEWS, SALES INFORMATION, WHO, WHAT & WHERE | 0 comments

THE GOOD, THE BAD AND THE UGLY

 

NCHA SUPER STAKES SALE HIGHER AVERAGE AND HIGH-SELLING HORSE FROM 2015

 

HOWEVER NO OF CONSIGNMENTS DOWN 76% AND SUNRISE RANCH CARRIES SALE

 

By Glory Ann Kurtz
April 20, 2016

Six of the top seven horses in the NCHA Super Stakes Sale were consigned by the Sunrise Ranch – topped by Miss Reycine, selling with an embryo by Metallic Cat.

If I were writing a press release for the 2016 NCHA Super Stakes Sale, held Saturday, April 16, in the Watt Arena of the Will Rogers Equestrian Center in Fort Worth, Texas, during the Finals night of the NCHA Open and Non-Pro Super Stakes, it would be upbeat! As it was last year, the sale was produced by Jeremy and Candace Barwick’s Western Bloodstock Sale Co., and auctioneered by Steve Friskup.

 

THE GOOD:

According to the sale results published on Western Bloodstock’s web site, the sale average this year was up from 2015:  $10,551 to $19,584 this year. The median price of the horses was also up from $9,250 in 2015 to $11,750 this year. The high-selling horse was up from Metallic Flo, a 2012 daughter of Metallic Cat, consigned by Alan Chappell, being the higher-selling horse bringing $60,000 in 2015. This year, the high-selling horse, Miss Reycine, brought a whopping $170,000! (No buyers were reported last year or this year following the sale; however, a check with AQHA shows that Metallic Flo sold on sale day, April 18, 2015, to W. Cody Erwin, Vancouver, Wash. On Sept. 16, 2015, she resold to Diane P. Rubino Ferrara, San Jose, Calif., and according to NCHA records, currently has $46,499.61 in NCHA dollars.)

 

This year John Walker’s Sunrise Ranch, Fayetteville, Ark., consigned eight top-bred cutting horses to the sale and it was announced prior to the sale, they would all change hands. When the sale was over, the eight head netted $379,000 for a whopping $47,375 average and a $31,500 median.

 

Six of the top seven horses in the sale were consigned by the Sunrise Ranch – topped by Miss Reycine, a 2002 daughter of Dual Rey out of Smart Pudden by Smart Little Lena, with $134,894 in lifetime earnings. She was the NCHA No. 2 Leading Producer in 2013 and currently has offspring earning $412,000, including the NCHA Non-Pro Horse of the Year, Reyzin, the earner of $359,542. She sold with an embryo conceived June 13, 2015 by Metallic Cat. The remaining two consignments by Sunrise Ranch were yearlings, bringing $9,000 and $7,000.

 

One Super Cat was the highest-selling horse NOT consigned by the Sunrise Ranch. The 2012 red roan gelding by One Time Pepto, consigned by John and Hope Mitchell that was in the Non-Pro Finals that evening, brought a final bid of $48,000. He was not demonstrated on cattle during the sale and is shown by Gary Bellenfant.

The highest-selling horse not consigned by Sunrise Ranch was One Super Cat, a 2012 red roan gelding by One Time Pepto out of Sarahs Super Cat by High Brow Cat, consigned by John and Hope Mitchell.  The pretty gelding did not work cattle in the sale as he was showing in that evening’s Non-Pro Finals with Hope in the saddle, and it was announced that ownership of the horse would not take place until after the Finals. The gelding brought a final bid of $48,000.

 

With 76 of the 105 head selling last year, there was a net of 72 percent of the horses selling. With 38 of the 48 horses selling this year, the percentage of horses selling was up to 79 percent.

Click for chart ranked high-selling to low-selling horses>>

Click for chart ranked by sellers>>

 

THE BAD … AND THE UGLY:

Consistent with the current downturn of the nation’s economy, taking with it the horse sale industry, the number of horses consigned, going through the sale ring and being sold this year, was down drastically from 2015. A total of 218 horses were consigned in 2015, while only 53 were consigned in 2016 – down 76 percent. A total of 48 went through the sale ring this year, compared to 105 in 2015 – down 54 percent from last year.

 

THE GOOD:

But the sale company made the best of a bad situation by getting the Sunrise Ranch horses consigned. Without the eight Sunrise Ranch horses, the net sales this year would have totaled $365,200, for an average of $12,173, rather than the $19,584 that it was. And the median would have only been $10,600, rather than the $11,750 that it was.

 

BROODMARES AND MONEY-EARNING HORSES BRING TOP DOLLARS:

Mainly due to the sale of Miss Reycine for $170,000, broodmares topped the average, with 8 head averaging $40,963, placing second in the median with $13,600. (Median is halfway between the highest- and lowest-selling horse.)  In fact four of the top-selling broodmares were consigned by Sunrise Ranch and besides Miss Reycine included Cats Ruby, $55,000; Playin Tag, $50,000 and Genuine Gold Cat, $25,000.

 

The largest section of horses selling were “money-earning” horses and the 16 that sold, placed second in the average with $16,413, but first in the $13,850 median. The high-selling money-earning horse was One Super Cat, a 4-year-old red roan gelding by One Time Pepto out of Sarahs Super Cat by High Brow Cat, consigned by John and Hope Mitchell and bringing a $48,000 final bid. The gelding was not shown on cattle, as he had advanced to the Non-Pro Finals of the Super Stakes that evening.

 

Third in the average and fourth in the median were two yearlings and an embryo, with all three consigned by the Sunrise Ranch. The three averaged $14,000 for a $9,000 median. The embryo, sired by Metallic Cat out of Miss Reycine by Dual Rey, was selling without return to Metallic Cat if something should happen to the colt.

 

Fourth in the average and third in the median were 3- and 4-year olds without earnings, with eight selling for an $11,625 average and $11,250 median. The high-selling 3 year old was Stylena Cat, a red roan daughter of Metallic Cat out of Smart Stylena by Docs Stylish Oak. The filly, sold by Clay Johnson, brought a final bid of $20,000.

 

The high-selling 4-year-old was Nurse Smoothie, a sorrel daughter of Smooth As A Cat out of Nurse Nellie by Dual Pep, consigned by Linda and Lloyd Wolf Sr. She brought a final bid of $15,000.

 

Finishing fifth in both the average and the median were three 2-year-olds, with Bingabang Bingaboon, a daughter of Boon A Little out of Sweat Wood by Doctor Wood, consigned by Gina Stopher bringing $6,200.  The three averaged $5,467 for a $5,200 median.

Click for chart ranked by age of horses sold>>

Click for chart of all horses going through the ring>>

Click for a copy of the Super Stakes Sale catalog>>

 

WHO IS THE SUNRISE RANCH LLC?

While the sale was going on, I had several individuals ask who the Sunrise Ranch was … and these weren’t newcomers to the industry. The Sunrise Ranch LLC of Fayetteville, Ark., has been around for years. It was originally owned by Willard and Pat Walker who were involved in the cutting horse and cattle industry years ago. Their son, John Walker now runs the ranch, including cattle and horses, with the help of Chad Vanlandingham, who keeps his ear to the health of the industry.

 

According to an article written by Jan Cottingham of the Arkansas Business in July 2, 2012, Willard Walker was the first manager of Sam Walton’s Five & Dime Store in Fayetteville and later managed a Wal-Mart Store in Springdale. Then, when the company went public in 1970, Walker had great faith in his friend Sam Walton’s business acumen and took out bank loans to buy as much stock as he could. As a result, he retired from Wal-Mart as a very wealthy man.

 

Three Wal-Mart stores were incorporated in the 1960s. Wal-Mart Inc. was incorporated on May 14, 1962 and opened for business in July 1962. Directors included Sam M. Walton, Bentonville, Ark., President; James L. Walton, Versailles, Mo.; Helen R. Walton, Bentonville, Ark., and Don Whitaker, Rogers, Ark.

 

On April 23, 1964, Wal-Mart of Springdale, Inc. opened for business In October 1964. Directors included Sam M. Walton, President; James L. Walton, Helen R. Walton, Robert L. Bogle, Bentonville, Ark., and it was then that Willard Walker, Springdale, Ark., entered the picture as a Director. As a stockholder, he owned 40 shares or 6 percent of the company.

 

Wal-Mart of Harrison, Inc., incorporated on June 11, 1964 and opened for business in August 1964. Directors included Sam Walton, President; Helen Walton, James L. Walton, C. C. Baum, Fayetteville, Ark., Robert L. Bogle, Bentonville, Ark., Don Whitaker, Rogers, Ark., and Willard Walker, who owned 50 shares or 8.3 percent of that Wal-Mart.

 

THE WILLARD AND PAT WALKER CHARITABLE FOUNDATION:

After the Walkers began reaping the financial benefits of investing in Wal-Mart, they decided to give back by establishing the Willard and Pat Walker Charitable Foundation in 1986, investing in human lives by philanthropically providing for healthcare and education.

 

That year they gave $100,000 to a $5 million capital campaign for the Arkansas Cancer Research Center at the University of Arkansas (UA) for Medical Sciences. In April 1999, the Willard and Pat Walker Charitable Foundation gave $4 million to John Brown University in Siloam Springs for a community center and classrooms. The center was to house the Donald G. Soderquist Center for Business Leadership & Ethics. In October 2000, the Walker Charitable Foundation gave $7 million to the University of the Ozarks in Clarksville for a building to house teachers’ education and communications program.

 

In July 2001, the Walker Foundation gave $3 million for a cardiovascular center at Washington Regional Medical Center in Fayetteville and in August, it gave $3 million to the UA for a new health center. They also donated $1.1 million to UAMs to endow a chair in orthopedic surgery.

 

In May 2002, the Walkers pledged $6 million to the Harvey & Bernice Jones Eye INSTITUTE AT THE university of Arkansas for Medical Sciences in Little Rock. UAMS announced that it would rename the Arkansas Center for Eye Research within the Institute, the Pat & Willard Walker Eye Research Center.

 

In April 2003, two months after Willard Walker’s death, the Walker family donated $8 million for a graduate school building at the UA’s business college and the building became the Willard J. Walker Hall.  In 2004, the Foundation announced a $21.5 million donation to UAMS to go toward its eye institute, Alzheimer’s disease research and the school’s psychiatry program. Much of the money, $15 million, paid for a five-floor expansion of the Harvey & Bernice Jones Eye Institute and the expansion was called the Pat Walker Tower. The Foundation also gave $2 million to build the Circle of Life Hospice and Palliative Care Complex at Har-Ber Meadows in Springdale and it became the Willard and Pat Walker Family Center.

 

In 2012, the Willard and Pat Walker Charitable Foundation gave $1.5 million for a student education center at the UAMS’ Northwest Arkansas campus, bringing to at least $48 million in donations that the Walkers gave to UAMs.

 

THE WALTON FAMILY FOUNDATION:

All the while, the Walton family was also busy donating millions of dollars. Sam Walton started the Walton Family Foundation in Bentonville with $1,000. In 2007, the year that Sam Walton’s widow, Helen, died, the Arkansas Democrat-Gazette reported: “Since 1998, the Walton family has contributed more than $359 million to the state’s flagship university through the Walton Family Charitable Support Foundation, Wal-Mart Stores Inc. and private family gifts.

 

The Walton family had started the Wal-Mart Foundation and by 2012, Wal-Mart money stood behind at least five of the 25 largest nonprofit organizations in the state – $2.2 billion in assets and a billion-dollar-plus art museum. According to the Foundation Center of New York, The Walton Family Foundation, Arkansas’ largest nonprofit by asset size, was No. 50 on the center’s ranking of largest U.S. foundations by asset size, only behind Bill and Melinda Gates Foundation, when ranked by total giving. Over the years, they have donated billions, including large amounts donated to the University of Arkansas at Fayetteville.

 

Alice Walton, well known in the cutting horse industry, is the only daughter of Sam and Helen Walton, who in 1994-1995, and along with her family helped raise $15 million to begin work on the Northwest Arkansas Regional Airport in Highfill. The Walton family pledged the purchase of $5 million in bonds. The $109 million, 2,185-acre airport opened in 1998 and the terminal was named the Alice L. Walton Terminal Building.

 

In May 2005, Alice paid an estimated $35 million for Asher B. Durand’s painting “Kindred Spirits,” and the Walton Family Foundation announced that the piece would be displayed in an art museum planned for Bentonville. A few weeks later, Walton officially announced plans for Crystal Bridges Museum of American Art, described as a $5 million project projected to open in 2009. The value of the building and its artwork eventually soared past the $1.2 billion mark and Crystal Bridges opened in November 2011.  Unfortunately, last year, Alice sold her cutting horses, saying she needed to spend more time with the Museum.

 

JOHN WALKER PURCHASES SPOTS HOT:

In 2012, John Walker purchased Spots Hot, the winner of the 2004 NCHA Open Futurity, from Wesley Galyean, Claremore, Okla. The 2001 stallion sired by Chula Dual out of Sweet Shorty Lena by Shorty Lena, had $529,435 in lifetime earnings and was trained and shown by Wesley.  By the time the stallion retired he had seven major event championships, six major event reserve championships and was a finalist 22 times, earning $529,471.

 

In his first few years of siring offspring, he had an NCHA Open Futurity finalist in all three of his first foal crops. His offspring have won more than $2.8 million, including Hottish, earning $301,843. Spots Hot currently stands at ESMS On the Brazos, Weatherford, Texas.

 

Those that know John, say he is a wonderful, humble and friendly man … and obviously, also very charitable. With that being said, we now know why John Walker and the Sunrise Ranch LLC have such well-bred cutting horses that sell for such high dollars! The ranch is definitely the “Good,” in “The Good, The Bad and the Ugly.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Don’t miss this mare at the NCHA Super Stakes Sale!

Posted by on Apr 11, 2016 in BREAKING NEWS, CUTTING NEWS, SALES INFORMATION, WHO, WHAT & WHERE | 0 comments

SELLING IN THE 2016 NCHA SUPER STAKES SALE

HORSE NO. 15 ON APRIL 16

 

SHE WON $9,087 IN HER ONLY SHOW, THE 2015 NCHA FUTURITY, AND IS READY TO GO TO THE AGED EVENTS.

 

 

DUNN DREEMIN

Dunn Dreemin, a 4-year-old daughter of High Brow CD and a mare with offspring earnings of $685,093 is selling No. 15 in the NCHA Super Stakes Sale. Her owner is from Australia and can’t make it to the US to show her on the aged-event circuit. Hart Photo.

Dunn Dreemin, a 2012 daughter of High Brow CD out of the Australian mare Dreams Of Oak, has $9,087 earned in just three non-pro and amateur classes at the 2015 NCHA Futurity, earning $9,087. He was shown by his owner Peter Dunn from Australia and those classes were the only classes the mare was entered in. The pair scored a 217 ½ in the first go-round of the Unlimited Amateur Futurity with 181 entries. The 2015 NCHA Futurity is the only show she has been entered in and has $0 in eligibility toward Novice classes.  The only reason Peter Dunn is selling this good mare is because due to business and personal situations, he is unable to show her in the aged-event circuit in the United States this summer and shipping her to Australia would be very costly. He was also unable to return to show her in the Super Stakes, which she was originally entered in.

 

 

DREAMS OF OAK (Dam)

The 1991 mare Dreams Of Oak by Docs Freckles Oak by Doc’s Oak, was bred in Australia and had 18 offspring with 11 (61%) being money earners. According to AQHA records they earned $685,093 in the National Cutting Horse Association competition.

 

They highest money earner was Cats In Ya Dreams, a 2007 gelding by High Brow Cat, with earnings of $250,399.87, 11 youth points, COA, Bronze, Silver & Gold Awards.

 

2nd highest money earner was Hoo Rey For Dreams, 2005 mare by Dual Rey, with $173,677.89 in earnings.

 

HIGH BROW CD (Sire)

High Brow CD is a son of High Brow Cat, the leading sire of all time and, according to the March 2016 Chatter, is the second leading sire for 2016.

 

The fourth leading sire for 2016 is High Brow CD with $215,150 in offspring earnings.  His total get have earned $4,207,601. High Brow CD has lifetime earnings of $542,101 and has been an NCHA Horse of the Year and NCHA Horse of the Year sire. An ad in the March issue of the Chatter, claims that “No stallion in NCHA history has sired more champions and reserves from a single foal crop in a year.”

 

How Brow CD’s high money earner is Reyzin, $351,717, followed by Some Kinda Highbrow, $224,774 and Highbrow Time, $163,735. So far this year, High Brow CD’s offspring have been champions at the 1) Abilene Spectacular (8 champions, Reserve Champions, Senior Champions, Unlimited Amateur Champion, Stallion Incentive Reserve Champion and Limited Non-Pro Classic Reserve Champion ),   2) Augusta Futurity (2 champions including Derby Champion and Classic Non-Pro Champion, 3) The Ike (4 champions including Reserve Open Derby, Clssic Non-Pro Reserve, Limited Non-Pro Classic and $50K Amateur Classic Sr. Champion and $50K Classic Amateur Reserve Champion.)

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☛ Dunn Dreemin in April 16 Super Stakes Sales 4-2-16

Posted by on Apr 2, 2016 in BREAKING NEWS, CUTTING NEWS, SALES INFORMATION, WHO, WHAT & WHERE | 0 comments

SELLING IN THE 2016 NCHA SUPER STAKES SALE

HORSE NO. 15 ON APRIL 16

 

SHE WON $9,087 IN HER ONLY SHOW, THE 2015 NCHA FUTURITY, AND IS READY TO GO TO THE AGED EVENTS.

 

 

DUNN DREEMIN

Dunn Dreemin, a 4-year-old daughter of High Brow CD and a mare with offspring earnings of $685,093 is selling No. 15 in the NCHA Super Stakes Sale. Her owner is from Australia and can’t make it to the US to show her on the aged-event circuit. Hart Photo.

Dunn Dreemin, a 2012 daughter of High Brow CD out of the Australian mare Dreams Of Oak, has $9,087 earned in just three non-pro and amateur classes at the 2015 NCHA Futurity, earning $9,087. He was shown by his owner Peter Dunn from Australia and those classes were the only classes the mare was entered in. The pair scored a 217 ½ in the first go-round of the Unlimited Amateur Futurity with 181 entries. The 2015 NCHA Futurity is the only show she has been entered in and has $0 in eligibility toward Novice classes.  The only reason Peter Dunn is selling this good mare is because due to business and personal situations, he is unable to show her in the aged-event circuit in the United States this summer and shipping her to Australia would be very costly. He was also unable to return to show her in the Super Stakes, which she was originally entered in.

 

 

DREAMS OF OAK (Dam)

The 1991 mare Dreams Of Oak by Docs Freckles Oak by Doc’s Oak, was bred in Australia and had 18 offspring with 11 (61%) being money earners. According to AQHA records they earned $685,093 in the National Cutting Horse Association competition.

 

They highest money earner was Cats In Ya Dreams, a 2007 gelding by High Brow Cat, with earnings of $250,399.87, 11 youth points, COA, Bronze, Silver & Gold Awards.

 

2nd highest money earner was Hoo Rey For Dreams, 2005 mare by Dual Rey, with $173,677.89 in earnings.

 

HIGH BROW CD (Sire)

High Brow CD is a son of High Brow Cat, the leading sire of all time and, according to the March 2016 Chatter, is the second leading sire for 2016.

 

The fourth leading sire for 2016 is High Brow CD with $215,150 in offspring earnings.  His total get have earned $4,207,601. High Brow CD has lifetime earnings of $542,101 and has been an NCHA Horse of the Year and NCHA Horse of the Year sire. An ad in the March issue of the Chatter, claims that “No stallion in NCHA history has sired more champions and reserves from a single foal crop in a year.”

 

How Brow CD’s high money earner is Reyzin, $351,717, followed by Some Kinda Highbrow, $224,774 and Highbrow Time, $163,735. So far this year, High Brow CD’s offspring have been champions at the 1) Abilene Spectacular (8 champions, Reserve Champions, Senior Champions, Unlimited Amateur Champion, Stallion Incentive Reserve Champion and Limited Non-Pro Classic Reserve Champion ),   2) Augusta Futurity (2 champions including Derby Champion and Classic Non-Pro Champion, 3) The Ike (4 champions including Reserve Open Derby, Clssic Non-Pro Reserve, Limited Non-Pro Classic and $50K Amateur Classic Sr. Champion and $50K Classic Amateur Reserve Champion.)

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☛ Dunn Dreemin selling in Super Stakes Sale 4-2-16

Posted by on Mar 28, 2016 in CUTTING NEWS, SALES INFORMATION, WHO, WHAT & WHERE | 0 comments

SELLING IN THE 2016 NCHA SUPER STAKES SALE

HORSE NO. 15 ON APRIL 16

 

SHE WON $9,087 IN HER ONLY SHOW, THE 2015 NCHA FUTURITY, AND IS READY TO GO TO THE AGED EVENTS.

 

 

DUNN DREEMIN

Dunn Dreemin, a 4-year-old daughter of High Brow CD and a mare with offspring earnings of $685,093 is selling No. 15 in the NCHA Super Stakes Sale. Her owner is from Australia and can’t make it to the US to show her on the aged-event circuit. Hart Photo.

Dunn Dreemin, a 2012 daughter of High Brow CD out of the Australian mare Dreams Of Oak, has $9,087 earned in just three non-pro and amateur classes at the 2015 NCHA Futurity, earning $9,087. He was shown by his owner Peter Dunn from Australia and those classes were the only classes the mare was entered in. The pair scored a 217 ½ in the first go-round of the Unlimited Amateur Futurity with 181 entries. The 2015 NCHA Futurity is the only show she has been entered in and has $0 in eligibility toward Novice classes.  The only reason Peter Dunn is selling this good mare is because due to business and personal situations, he is unable to show her in the aged-event circuit in the United States this summer and shipping her to Australia would be very costly. He was also unable to return to show her in the Super Stakes, which she was originally entered in.

 

 

DREAMS OF OAK (Dam)

The 1991 mare Dreams Of Oak by Docs Freckles Oak by Doc’s Oak, was bred in Australia and had 18 offspring with 11 (61%) being money earners. According to AQHA records they earned $685,093 in the National Cutting Horse Association competition.

 

They highest money earner was Cats In Ya Dreams, a 2007 gelding by High Brow Cat, with earnings of $250,399.87, 11 youth points, COA, Bronze, Silver & Gold Awards.

 

2nd highest money earner was Hoo Rey For Dreams, 2005 mare by Dual Rey, with $173,677.89 in earnings.

 

HIGH BROW CD (Sire)

High Brow CD is a son of High Brow Cat, the leading sire of all time and, according to the March 2016 Chatter, is the second leading sire for 2016.

 

The fourth leading sire for 2016 is High Brow CD with $215,150 in offspring earnings.  His total get have earned $4,207,601. High Brow CD has lifetime earnings of $542,101 and has been an NCHA Horse of the Year and NCHA Horse of the Year sire. An ad in the March issue of the Chatter, claims that “No stallion in NCHA history has sired more champions and reserves from a single foal crop in a year.”

 

How Brow CD’s high money earner is Reyzin, $351,717, followed by Some Kinda Highbrow, $224,774 and Highbrow Time, $163,735. So far this year, High Brow CD’s offspring have been champions at the 1) Abilene Spectacular (8 champions, Reserve Champions, Senior Champions, Unlimited Amateur Champion, Stallion Incentive Reserve Champion and Limited Non-Pro Classic Reserve Champion ),   2) Augusta Futurity (2 champions including Derby Champion and Classic Non-Pro Champion, 3) The Ike (4 champions including Reserve Open Derby, Clssic Non-Pro Reserve, Limited Non-Pro Classic and $50K Amateur Classic Sr. Champion and $50K Classic Amateur Reserve Champion.)

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☛ NCHA News 2-14-16

Posted by on Feb 14, 2016 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, HORSE NEWS, MAJOR EVENTS, REINING NEWS, SALES INFORMATION, WHO, WHAT & WHERE | 0 comments

NCHA NEWS

 

Releases from NCHA
Feb. 14, 2016

 

NCHA Vice President candidates nominated

We received word from the Officer Nominating Committee Chair Chuck Smith that two candidates have been selected for the 2016 Vice President election. Those two candidates are:

  • Ron Pietrafeso of Elbert, CO
  • Phil Rapp of Weatherford, TX

Ballots with background information on the two candidates will be sent via email and mail to all NCHA members by no later than April 30, 2016 with the votes tabulated on Tuesday, June 14, 2016 (due by midnight on June 13). Additionally, information on the two candidates will appear in the April and May issues of the Cutting Horse Chatter and on the NCHA website.

 

Payout Task Force Recommendations

As we’ve informed you throughout the past several weeks, a payout task force reviewed and took a holistic approach to purse distribution and calculations at NCHA’s Triple Crown events with the following primary objectives in mind:

  • Create simple, clear and consistent rules for NCHA events to increase understanding and transparency to payouts and awards.
  • Eliminate Guaranteed Payouts to manage financial risk more effectively.
  • Retain philosophy to pay competitors as strong and as deep as practical especially in the Non Pro and amateur classes.
  • Keep NCHA events as the best value cutting in the industry based on entry fee vs. payout potential.

That task force included representatives from multiple segments of the industry and those recommendations were submitted to and passed by the Executive Committee to improve the payout distribution, starting at the 2016 Lucas Oil/NCHA Super Stakes.

You can click here to view the revised guidelines that will govern payouts at the Triple Crown events at this year’s Lucas Oil Super Stakes, along with the estimates of the open and non-pro in the 4-year-old classes and 5/6-year-old classes at the Lucas Oil Super Stakes. THESE ARE ESTIMATES ONLY based on last year’s entries, so actual payouts will be determined by entries in each class.

With this change, the grace period for the first payment of the Lucas Oil Super Stakes will be extended to Monday, February 1. Entries MUST BE postmarked by this date to not pay the penalty. If you have any questions, please contact the show department by calling (817) 244-6188.

 

 

Sponsors enhance NCHA Triple Crown payouts

The National Cutting Horse Association has welcomed the support of three new purse sponsors at NCHA’s Triple Crown events.

 

Fults Ranch of Amarillo, Texas, the home of Metallic Cat, will contribute $25,000 to the winner’s paycheck in the 4-year-old Open division of the NCHA Super Stakes this spring. Faith Mountain Ranch will add $25,000 to the winner’s check in the 5/6-year-old Open division of the NCHA Super Stakes Classic. And Circle Y Ranch will add $25,000 to the winner’s check in the 4-year-old Open division of the NCHA Derby, held during the NCHA Summer Cutting Spectacular.

 

The NCHA Super Stakes, which will be held in Fort Worth, Texas March 24-April 16, and the NCHA Derby, scheduled for July in Fort Worth, complete the Triple Crown, which began with last December’s NCHA Futurity.

 

Metallic Cat, who won the 2008 NCHA Futurity and was the top money earner of his age group in NCHA Triple Crown events, has already sired earners of nearly $6 million from just three crops to compete. His offspring include Stevie Rey Von, winner of the 2015 NCHA Futurity. MetallicCat.com

 

Faith Mountain Ranch is a spiritual retreat based in Boerne, in the scenic Texas Hill Country. FaithMountainRanch.com.

 

Circle Y Ranch of Millsap, Texas, is the home of NCHA Hall of Fame Horse and $2 million sire Im Countin Checks. Circle Y is also renowned for their elite band of broodmares, with produce earnings of more than $6 million. CircleYQuarterHorses.com.

 

As cutting’s most prestigious competitions, the NCHA Triple Crown events typically pay out more than $8 million annually to contestants from around the world.

For more information about the National Cutting Horse Association, visit NCHACutting.com or call (817) 244-6188.

 

NCHA Members Hall of Fame nominations open

The NCHA Members Hall of Fame was established to recognize those individuals who have made outstanding and unusual contributions to the NCHA basic purpose, which is the public exhibition and constant promotion of the Cutting Horse. We are proud to honor these individuals who have exhibited a high moral character, good sportsmanship, fairness, and an exemplary contribution of time, effort and interest in NCHA and its basic endeavors.

The criteria and form for submitting nominations to the Members Hall of Fame were recently updated. Nominations may be submitted at any time but should be received in the NCHA offices by no later than March 1 of each year to be considered for induction that year. Nominations are kept on file and included for review for five years.

The Members Hall of Fame was specifically established to recognize individuals for accomplishments OUT of the cutting pen. In order to honor those individuals, we need help in locating those deserving persons. If you feel you know of someone that qualifies for the NCHA Members Hall of Fame, please review the criteria, complete the nomination form, and send in a maximum of five letters of support to the NCHA outlining their accomplishments.

You can find a list of previous inductees in the NCHA Members Hall of Fame on the NCHA website. Please look it over and see who you feel is missing! If you need any further information or have any questions, please contact Pam Robison in the NCHA offices at (817) 244-6188, ext. 111.

 

Eastern Nationals and Western Nationals Rules for entry.

Eastern Nationals to be held March 7-19, 2016 in Jackson MS.

(Entries Dues: January 29, 2016)

 

Western Nationals to be held April 27-May 6, 2016 in Denver CO.

(Entries Dues: March 21, 2016)

To make entry into the 2015 Eastern/Western Nationals you Must:

  • Be A Current member for 2016 ( event is after grace period of 2015 membership)
  • Must have been a member in 2015 in good standing.
  • Must have been eligible for the class you are entering in 2015.
  • If a horse class, your horse must have been eligible in 2015.
    The owner must have been a member in 2015 and be a member for 2016.
  • Youth members must have been a member in 2015, and have a current 2016 membership.
  • You did not have to ride to the herd in a class or ride to herd in an affiliate show.

 

NCHA Super Stakes Sale

The 2016 NCHA Super Stakes Sale is scheduled to be held Saturday, April 16 at the Will Rogers Equestrian Center, Fort Worth, Texas, during the NCHA Super Stakes March 24-April 16. The sale is produced by Western Bloodstock, Ltd.

 

The nomination deadline for the sale is March 16. Cost is an entry fee of $500 that will be deducted from the sale proceeds, plus an 8 percent commission of accepted bid and a cattle charge of $145 for 3 head. Shipping halters will be provided to buyers.

 

When sending in the Sale Nomination Form, the original Registration Certificate of the horse, a signed Transfer Report and a Breeders Certificate for mares in foal must be included. Digital radiographs are suggested, but not required, with the absolute deadline for submission of radiographs being April 11, 2016.

 

Sale horses must have an original Coggins dated within six months and a health certificate (1 horse per certificate) dated within 15 days of the sale and on file in the office prior to sale day. Health Certificates must include a pregnancy status (within 15 days of sale) for mares, the status of descended testicles for stallions 13 months and older and any other defect or injury. No copies will be accepted.

 

Send all information to Western Bloodstock, Ltd., PO Box 1389,Weatherford, Texas 7086. For more information go to www.westernbloodstock.com, call 817-594-9210 or fax 817-596-0430.

Click for Super Stakes Sales Contract>>

 

 

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☛ Is NCHA’s destiny at a crossroads? 1-17-16

Posted by on Jan 18, 2016 in BREAKING NEWS, COW HORSE NEWS, CUTTING NEWS, HORSE ORGANIZATIONS, INDUSTRY NEWS, SALES INFORMATION, WHO, WHAT & WHERE | 1 comment

IS NCHA’S DESTINY  AT A CROSSROADS?

 

NCHA TRAINER-CALLED MEETING REVEALS SHOCKING STATE OF NCHA FINANCES

 

By Glory Ann Kurtz
Jan. 18, 2016

A Friday, Jan. 15 meeting called by two trainers, Matt Miller and Tatum Rice, on social media, inviting all NCHA members, was soon addressed by NCHA Executive Director Jim Bret Campbell on the NCHA website, saying they “wanted to keep everyone informed.”

 

The letter also stated that “during last year’s convention, the directors approved a change in the payout calculations that essentially made each class a standalone, jackpot cutting with the purse generated by the entry fee and number of entries, not by added money, unless there was a sponsor specifically dedicated to supporting that class.” The letter also included a chart highlighting the METF reimbursement program to the NCHA.

Click for letter from Campbell>>

 

The meeting soon blossomed into an overload of participants at the hotel where it was planned and moved to the Fort Worth Convention Center on Friday, Jan. 15.  For those unable to attend, a webinar was facilitated so directors and members could log in and listen.

 

The meeting was precipitated by some entries who received checks from the 2015 NCHA Futurity and then complained they were much lower than expected. The meeting lasted from 2 p.m. to close to 6 p.m., with around 100 members, directors and members of the Executive Committee in attendance.

 

MAJOR EVENT TRUST FUND:

The major items discussed were the Major Event Trust Fund (METF) money from the State of Texas and City of Fort Worth and its effect on the Triple Crown events (Futurity, Super Stakes, and Summer Spectacular) as well as the current financial situation the NCHA has found themselves in.

 

President Jo Ellard opened the meeting with news that the METF money was no longer available for purse money – only for the expenses to put on the Triple Crown events, saying there was a need for solutions and recommendations regarding the structuring of the payouts of these events and how they were going to be paid for. Also the METF had been moved from the office of the Comptroller to the new Governor’s Office, with former Texas Attorney General Greg Abbott taking the governorship of the state of Texas. The METF has put up a new website; however, unlike the old one doesn’t yet list all organizations who have applied for funds and which ones have been paid.

Click for new Texas METF information>>

 

Lach Perks, Vice Chairman of the Finance & Audit Committee, was the first to talk, saying,  “Please don’t shoot the messenger.” He continued that early in November, they saw a sign there was a shift from the norm, when prior to the two final payments, 80 horses transferred out of the Open, costing the association some $200,000. At that time, they developed a Payout Task Force, who logged in some 250 hours of time on the problem.  They knew they had to create a larger task force and push across a goal to get to the Executive Committee before the Super Stakes. Ironically, that day was the date for the final payment for the Super Stakes.

 

He also said that the Texas METF owed the NCHA $3.8 million, going back to 2014 and owing for their last five events, and the Super Stakes Stallion owners owe $1.5 million, for a total of $5.3 million. Also, he said the NCHA has $1.2 million in cash and a $1.5 million emergency purse reserve in case the METF money goes away. However, he stressed they need to watch their cash flow until the METF money comes in – they are in a cash-flow pinch.  The problem with the METF money is that they have to file their report AFTER the events are over and they have paid all the bills and they do not receive the money from the state – sometimes for a year or more.

 

As far as new sources of revenue, it was mentioned that the website can provide some new sources of revenue, they have an option of using 3 ½ rather than 4 cows per contestant – or they could even do away with the semifinals. All these have just been talked about – not done yet – and none are easy choices to make.

 

A question from the floor asked what our chances are of getting all that METF back money and Lach said, “We should get it all.” However, he did mention that the American Paint Horse Association (APHA) didn’t get all their money when the state disallowed some of their expenses; however, they allowed them to refile their request.

 

The NCHA is still adding money for the political PAC in entry fees for the major events, trying to be sure the money does not disappear or decline. That money goes to the politicians who may or may not vote to keep the fund going. Also the NCHA lobbyist Jim Short has talked to the Governor’s office several times to try to facilitate the continuation of the fund money. However, it’s interesting to note that on the 2015 NCHA Futurity entry blank, they do not state on the entry blank how much money that PAC donation is. (The amount was previously $100 for the Open and $50 for the Non-Pro) Therefore, if you want to opt out, you don’t know the amount you can subtract from the entry fee on the entry blank if you want to opt out of paying in money for the PAC. It’s interesting to see in the Futurity Program that the 2015 Futurity paid out $1,813,913 in the Open, compared to 2014′s $2,083,901. Entries were down from 599 to 556. In the Non-Pro paid out $667,300, compared to 2014′s $800,241 and entries were down from 301 to 289.

Click for 2015 NCHA Futurity entry blank>>

 

Since the METF money has been going down each year (ie – $2.6 million in 2013-2014, $2.19 million in 2014-2015 and $1.78 million in 2015-2016) suggestions were made that the NCHA should figure out how not to depend on someone else to provide the money for the events, leaving the NCHA out of control. “We need some kind of an alternative plan – and maybe that’s some really good sponsors,” was one of the suggestions. According to Lach, “the Triple Crown cuttings creat $2 million in profit, which is essential for the health of the association.”

 

However, Lach reminded them this was a “short-term” issue and they had to figure out how to do payouts on events that are soon to be held. “We need a brain trust,” he said. “We don’t want to paint a bright picture or a bad picture.”

 

PAYOUT CHARTS:

Many charts were shown, comparing the various events though the years, including total purse, no. of entries, how much and what percent was paid in the semis and how much the winner of the semis won.

 

Payout charts were massaged by things impacting them (ie) entry fees, no of entries, how many places to pay, top loading first few places, etc.

Lach stressed that the Association has a crucial short-term problem, which is the payout for the Super Stakes, and it must not take months, it needs to be done next week. They have selected a Payout Task Force to take care of the short-term problems. He stressed that contestants should be able to figure out what their paycheck is before it is posted. “Anyone with a cell phone should be able to do the math and figure that out.”

 

Office charges in the Triple Crown events were mentioned, with $325 for the Futurity and $525 for the Super Stakes and Summer Spectacular. Asked why they were different, he said, “That’s how it came through the Convention in order to maintain profitability.”

 

EMPLOYEES:

Employee salaries were brought up and had only gone up 3%, which is the inflation rate, and includes benefits. Total salaries in 2015 were $2,312,230. “Rick Ivey, the previous treasurer, was the only one outside the norm for a non profit of our size,” said Lach. “We are in the median of the pay scale for a non-profit of our size.” Ivey has since been eliminated.

 

A chart of the number of NCHA employees from 2010 through 2015 was posted, with the number being reduced from 32 in 2010 to 30 in 2015.

 

“If you don’t pay competitively, the only employees you will lose are the good ones,” said Lach.

 

Lach also said that Jim Bret and the staff are holding back on not filling open positions without any intervention; however, they do not have a successful laundry list of reduction of costs.

 

REASONS FOR LOSSES:

Several reasons were given for the association’s losses over the years and included: 1) addition of more classes and awarding of a lot of buckles in each class. More classes mean more day for the Will Rogers facility, more contract labor and $25,000 to $40,000 per day for additional cattle.

 

2) Loss of Champions Club

 

3) Most people live locally now during the major events and we have lost stall and practice pen income.

 

4) We have eliminated work-offs in the finals and now allow ties, which mean more awards.

 

5) Inflation. While the cost of cows and gas is ok, contract labor is up more than 3 percent.

 

OBJECTIVES OF PAYOUT TASK FORCE:

1)   Clear and concise rules.

2)   Transparency – make it auditable by a third party

3)   Eliminate guaranteed payouts.

4)   Minimizing top loads, bottom loads etc. Make it easy to understand the payouts.

5)   Retain the philosophy to pay competitors as strong and deep as practical.

6)   If there is a semis, one tie the entry fee would be minimum payout.

7)   Eliminate wild card rounds.

8)   Keep NCHA event best value in the industry.

9)   Retain the current levels of profit – $2 million from the Triple Crown shows, unless they can replace with alternative sources.

 

PAYOUT VS COST:

One important thing to remember is that the cost of the payout should be less than the entry fee. In the last NCHA Open Futurity the entry fee was $3,165 per entry, but the cost was $3,250. In comparison, Abilene’s 4-year-old Open had an $1,895 entry fee and a cost of $1,657; the BI’s 4-year-old Open entry fee was $2,450 and the cost was $2,199. Another major association had a $2,148 entry fee in their futurity, at a cost of $3,077.

 

SPONSORSHIPS:

The word was a good one: Sponsorships were up. However, they are eliminating “in-kind” sponsorships, (ie) a saddle maker gives us a saddle if we buy one.

 

Also, a $100,000 deal with the Fort Worth Business Press went away, which on the books showed a $100,000 decrease in revenue.

 

Lucas Oil and Great American Insurance will be coming back as sponsors; however, members should call or write the sponsors and let them know that you appreciate them. If they don’t hear from anyone, chances are they won’t come back. The have to justify their sponsorship money.

 

Prior to showing a variety of charts, changing no. of entries, added money, leaving out semifinals, etc., Lach said the “Best thing to do to raise the purse is to have people from around the world compete or watch. That will run the METF crazy and they will want to be part of our events.” That happened in 2014 when the NCHA had the anniversary celebration.

 

 

 

 

 

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