It has been well known that Spendthrift’s operating model adopts a different philosophy from what appears to be the status quo of most of the world’s livestock industries. This is instituted at Spendthrift Australia.
ROMSEY, Vic.—M. Hughes strongly supports the idea that grassroots breeders are the backbone of the industry and without them his investment will be short lived.
It is this philosophy that drives the Spendthrift team to continuously invest strategically in the development of their infrastructure as well as in their product offerings such as the innovative Breed Secure and Share The Upside programs. Spendthrift is also a major partner of the Werribee and Pakenham running clubs.
“We’re all in the same boat,” said Hughes. “The whole industry needs each other. No one is alone in this business, and it’s something we all need to keep in mind.
Giving back to the industry which has already given so much to Mr. Hughes, Spendthrift is buying yearlings with the long term goal of growing them and racing them in Australia and eventually getting them on the Spendthrift stallion list.
“It’s the basis of what we do here,” Garry Cuddy said.
“It’s also easier said than done, but 3 of our 6 stallions on the list this year were bought as yearlings, ran well here and are now standing. Sales are tough against the bigger players who are also looking to buy a potential future stallion, but our team does a great job.
Well-bred mares and fillies, such as Santa Monica and Solar Star, have been recruited to not only help improve their brood mare group, but also to support and compliment the Spendthrift stallions.
American champion racehorses Vino Rosso and Omaha Beach are two such stallions. With fantastic world pedigrees at the height of their impressive racing records, where they scored outstanding victories in the famous Spendthrift bristles, both horses had full pounds in their first seasons.
“We own our horses and we can do whatever we want with them. We cannot and must not leave the breeder aside. – B Wayne Hughes
The beautiful son of Redoute’s Choice, Swear, is another stallion who started his career racing in the orange and purple colors of Spendthrift. As the first Australian yearling purchase from Spendthrift to become a Stakes winner, he started his breeding career with good success.
Overshare, the stepson of I Am Invincible, is the next yearling purchase at Spendthrift, while the brilliant sprinter Dirty Work will complete a trio this season.
“Buying these stallions as yearlings ensures that there is no unrealistic purchase price to be recovered, once the horses have shown their racing ability,” said Cuddy. “This allows us to support them at fair and reasonable costs, while providing generous conditions through support initiatives for breeders. “
Or as Mr. Hughes says, “We own our horses and we can do whatever we want with them. We cannot and must not leave the breeder aside.
This guarantee extends to their Victorian home, where the stallions – and Spendthrift Farm, are comfortably secured. Success will not come with the risk of relocating stallions.
“Victoria is the Australian homeland of Spendthrift,” explains Cuddy. “We are investing in its future.
Take a tour of Spendthrift Australia in Romsey, Victoria
There is a certain romantic beauty in the Victoria’s Macedon Ranges. Historic towns, rolling grassy hills with winding wildlife, fresh air.
It is a picturesque landscape that has served as the backdrop for many local and international film and television productions. It was also the place that stole Mr. Hughes’ heart and became home to Spendthrift’s first and only international base.
Spendthrift Australia is located just outside the small country town of Kerrie, just an hour from Melbourne’s CBD. From the moment they took over the 600-acre property in early 2015, the Spendthrift team focused not only on developing their Australian blood group, but also on redeveloping and sustaining the infrastructure. of the farm.
To learn more about Spendthrift Australia and see more photos of the installation, click here.
Spendthrift Australia press release
All photos courtesy of Spendthrift Australia