Nat Rea's Regis Farm KEE dispersal

[Hail To Reason]

Canadian Nat Rea was a much welcomed newcomer to the breeding and racing industry but has dropped out.
Here is the link to the story.
http://www.keeneland.com/sales/regis-fa ... mneys-farm
So many people think they can just push a button and make money in the horse business, not so.
Historically the successful farms usually had older horses to help pay the bills.

[sweettalk]

the article reads like they were succeeding, just that the novelty wore off.

[Hail To Reason]

He bought 367 acre Hopewell Farm for $5,2 million.
He has another 300 acre Silver Springs Farm in Paris KY.
Plus he has Regis Farm in King City Ontario.
He spent millions on bloodstock.

He only has 3 yearlings to sell through the Sept Kee sale with Gainesway as agent.
and selling 6 weanlings plus 15 broodmares in the Kee Nov sale through Three Chimneys as agent.
I don't think this is hardly a production success for this type and size of operation.
As I said before this is a humbling tough business and the money just flows out in a huge steady stream.
The overhead for his operation is staggering.
I'm sorry his plan, if he had one, didn't work out.

[sweettalk]

that article was very careful not to point that out, it seems. just talks about the stakes winners he has that are sales bound.

[Flanders]

The racing industry isn't something you can go into with the intention of turning a massive profit in 3 years. Sure he may have put a lot of money into the horses and farms but he hasn't given time for his first crop to even race. They are only yearlings and are the resulting foals of mares he bought in foal. Breedings that he would have planned are only weanlings. Of course he hasn't turned a profit. He has done very well for the very short time he has been in the sport.

[Northport]

Sad to hear, but if profit was his motive, I can't blame him for ditching horses for oil. Though it doesn't seem quite as rewarding of an industry.

[sweettalk]

The racing industry isn't something you can go into with the intention of turning a massive profit in 3 years. Sure he may have put a lot of money into the horses and farms but he hasn't given time for his first crop to even race. They are only yearlings and are the resulting foals of mares he bought in foal. Breedings that he would have planned are only weanlings. Of course he hasn't turned a profit. He has done very well for the very short time he has been in the sport.

that's what i mean, he sounded like he was doing pretty well and just "eh this is taking too long, i'm bored" and jumped ship.

[Roms47478]

Sure he may have put a lot of money into the horses and farms but he hasn't given time for his first crop to even race.
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