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Pasogirlz
01-30-2007, 06:05 PM
NEW FABULOUS FURTURITY PROGRAM TO START IN 2007
At the January Membership Meeting in New Orleans the Board of Directors voted their approval of a redesigned Fabulous Futurity Program. This new program allows for more participation from members across the country to compete for a minimum of $60,000 cash divided into three classes. The Fabulous Futurity classes are held at the national show each year for three-year-olds, with one class each for Classic Fino, Pleasure, and Performance with fillies, colts and geldings competing together for prize money currently guaranteed for a total of $20,000 per class split 40% for 1st, 30% for second, and 10% for third.

The new nomination system will make it easier for more people to participate than ever before. Previously, a two-year-old horse would have to be consigned to the Fabulous Futurity Auction held at the national show to be eligible to compete in the next years’ three-year-old Futurity class. While many people were interested in competing for the money, they chose not to participate due to distance from the sale location, or due to the fact that they did not want to sell their horses and didn’t want to go through the auction process just to qualify for the class. Under the new nomination system anyone can participate at a fee that is less overall than what the sale consignment and expenses were in the past five years. To be eligible to compete in the Fabulous Futurity classes, horses must be nominated by their owners as weanlings with additional fees paid each year until the horses show as three-year-olds. The auction for two-year-old futurity prospects will still be held and will be called the Fabulous Futurity Select Sale. The 2007 sale will be open ONLY to horses already nominated into the program. Buyers will know that these horses will be available for purchase and will already be eligible to compete for the money in the 2008 classes. We hope that these changes will bring credibility back to the sale process and make potential buyers excited about bidding in the auction.

When will the new system start:
The new system will start in 2007, with special installment fees to get the 2006 foals (yearlings) and the 2005 foals (two-year-olds) nominated into the system. The 2007 foal crop will be the first foal crop to be nominated into the system under the new fee schedule that was passed. The Fabulous Futurity classes are already set for 2007 based on a Board of Directors guarantee of a total of $20,000 per division. The classes themselves have not changed and will be run like the ones at the 2006 nationals. An owner will have until entries are due for the national show, when the nominated horse is three years old, to declare (enter) the one class in which the nominated horse will compete.

What are the fees to participate:

Foals from 2007 and later years:

Age of Horse: Fee: Date due: (postmark):

Weanling year $ 75 November 1 of birth year
Yearling year $100 November 1 of yearling year
Two-year-old $125 May 1 of two-year-old year
Three-year-old $200 March 1 of three-year-old year
Three year-old declaration $100 August 1 for intent to show

Payment schedule for the 2006 foals are as follows:

By 7/1/07 $ 75 (would have been weanling payment)
By 11/1/07 $100 (regular yearling payment)
By 5/1/09 $125 (regular two-year-old payment)
By 3/1/09 $200 (regular three-year-old payment)
By 8/1/09 $100 (declaration)

Payment schedule for the 2005 foals are as follows:

By 7/1/07 $300 (sum of fees due up to this time)
By 3/1/08 $200 (regular three-year-old payment)
By 8/1/08 $100 (declaration)


For more information contact Mary Rizo-Patron, Futurity Chairman, at mary@amistadpasofino.com or 937-776-2692. Look for the full Fabulous Futurity Rules to be pubblished on the PFHA website at www.pfha.org in the near future.

Candice Burger
01-30-2007, 07:02 PM
So, does that mean sellers are selling horses they put in the auction????? I mean to say they won't be selling their horses back at cheap prices to themselves so that they can reap the thousands later for only a couple of hundred bucks? That a guy will quit pretending a 98,000 bid is not enough for a 100,000 reserve and "no sale". That nominations will actually show up to be bid on and not withdrawn????

:shock: {GASP} what a new concept, novel idea, stroke of genius!

CarolU
01-30-2007, 07:32 PM
Also, it means that owners don't have to 'sell' their horse to put it in the Futurity. If they want, they can pay the fees all the way through and enter them. The sale is only for horses that are really for sale. As an example, a large barn might nominate all 10 of their foals. As yearlings they may decide that seven of them have potential in one of the divisions. As two years olds they may pay the fees and then auction off all but the one in each division that they consider the best - since their trainer can only ride one horse in each division. This way owners don't have to sell their horses, people can really buy a qualified a horse at the sale, and MOST IMPORTANTLY, the Futurity will be fincially solvent on its own!

Candice Burger
01-30-2007, 08:12 PM
:shock: {GASP} what a new concept, novel idea, stroke of genius!
The idea of a self-sustaining program! WOW!

OK, I'll stop now.

I read the proposals last month. KUDOS for the Events Committee, et.al., for working through on this and giving MORE than one option to consider.

I still think the furturity auction is worth supporting by PFHA. We NEED a legitimate high-class sale for our breeders.

My calendar is marked in INK for this year! Can't wait to see which farms show up to sell stock.

AprilH
01-30-2007, 08:27 PM
This is excellent news! It gives everyone interested in the futurity class a chance to participate with their "home grown" stock instead of going through the "my horse is in the futurity sale, but not really for sale" scenario! I wanted to buy a colt at the futurity sale last year and went through all the "excitement" only to realize no matter how much I offered he wasn't going home with me! I realized then how the system was working and that it wasn't for me. I can see why the sellers were doing what they did because you want a horse nominated but if I grew out a futurity prospect I would never put it through the sham of the futurity sale just to get nominated. This news gives many good horses a chance at the futurity!

Cindy
01-30-2007, 08:36 PM
{GASP} what a new concept, novel idea, stroke of genius!


Thanks.



I read the proposals last month. KUDOS for the Events Committee, et.al., for working through on this and giving MORE than one option to consider.


And thanks again. And let me tell you something, that was one committee task force to be reconed with. Lots of opinionated people on that one. And I mean that in a good way.

Candice Burger
01-30-2007, 08:43 PM
NO, THANK YOU!!! http://www.smileyhut.com/happy/happydance.gif That was an impressive effort!

We have such lovely horses, I hope we support our breeders! I wish for the day when we are PROUD to have a horse in the furturity auction!

Camilla
01-30-2007, 10:00 PM
Yay!!!!!!
Massive Kudos to all involved.
I just yammered some poor person at PFHA's ear off a couple weeks ago with my thoughts on the issue - and they have all been addressed by this new solution and then some!
Excellent work all you people engaged in this solution.
The present scenario just was not fair for people from California or New York or Canada who had to drive their 2year-olds all the way to the show to pretend to sell it and then take it home when the fee equivalent would have been far cheaper than the expense of that.
I love this new scenario! Great work!!

CarolU
01-30-2007, 10:21 PM
Exactly Camilla. The old method made it impossible for anyone that wasn't in the immediate area to participate. This is much better.