Agriculture & New York State Horse Breeding Development Fund

In 1965, the Agriculture and New York State Horse Breeding Development Fund was established under the LaVerne Law as a public benefit corporation to promote agriculture and the breeding of Standardbred horses. In addition, it encourages and funds equine research in New York State.

The fund fulfill sits mission by distributing the money it receives (more than $7 million in1998) from the raceways, Off-Track Betting corporations, and horse owners' contributions to a wide variety of programs. The largest chunk, some $6 million in 1998, goes to purses for New York-bred Standardbred races.

"Although our Sire Stakes Program confers riches and glamour on a number of horses and owners each year, New York's program was never meant to be the exclusive province of the blue-blooded horse or the major breeder and owner," says Charlie Knauss, Jr., executive director of the fund since 1971. "The fund is designed, and has been carefully nurtured, to provide competition and rewards for horses, breeders, and owners at every level of the sport."

Unlike other states, the Empire State program provides racing opportunities not only forthe top and bottom levels of competition, but for the "modestly bred youngster" that turns out to be a surprisingly good racer. "There are also opportunities for the colt or filly who is late to develop, or simply never reaches the heights expected of him or her," Knauss adds.

Each year, the fund also distributes 2 percent of its total annual revenue to the Harry M. Zweig Memorial Fund; this component represented almost $140,000 for equine research at Cornell in 1998. Specifically, the fund provides money for the following: