Highclere Stud Launch 50/50 and Euros4Euros Nomination TermsBREEDING NEWS Cable Bay Land Force
Ahead of the 2021 breeding season Highclere Stud are launching a new initiative, alongside their regular terms, to assist commercial breeders in a new way of nomination purchasing.
The new 50/50 Terms will enable breeders to purchase any nomination to a Highclere Stud stallion by paying 50% of the fee on 1st October SLF. The remaining 50% will only be payable when the progeny reaches its Target Price at public auction as a foal or yearling. If the breeder places a reserve on the progeny in excess of the Target Price, the remaining 50% fee would become payable. Similarly, when using these terms should the breeder subsequently decide not to sell the progeny at public auction, the remaining 50% fee would become payable.
European breeders will also benefit from another of Highclere Stud’s new initiatives this season as they simultaneously launch Euros4Euros Terms whereby when a mare visits from an EU country the nomination currency is automatically switched into Euros. This mechanism not only assists European breeders with the increased costs in travelling mares internationally to be covered, but also helps keep things simple when a European breeder also takes 50/50 Terms and sells the progeny in Euros.
“We are offering these simple ideas to give breeders more flexibility within the commercial breeding market in these more challenging times. Both Cable Bay and Land Force were both extremely popular in 2020 covering big books, which now gives breeders excellent crops to follow with both stallions, however if they do happen to fall short of the Target Price, using 50/50 will protect their investment. We also hope that launching Euros4Euros for European breeders encourages our valued customers across Europe to travel their mares whilst also simplifying things should they wish to use 50/50 terms as well.” – Jake Warren, Highclere Stud Director.