Trends in Horse Breeding and Sales

 Horse breeding was always influenced by tradition and conservative values so close to those interested in the sport.  At the same time, it was in tune with the latest tech developments and scientific research.  This is where most trends in horse breeding and sales will come from – breeders will try to find a way to use top-notch predictive science and combine it with the best traditional practices.

Given that so much of the sport depends on genetics and carefully selecting the best horses for breeding, predicting race outcomes will also be more stable than before.  Those interested in the wagering side of these trends can click here to explore horse betting options.

Genomic Studies and DNA 

The horse genome was sequenced in 2006.  This means there are now 20 years of data about horse genomics, which provides valuable insight into how specific traits are inherited.  It also provides some very powerful tools that can be used to define more simply inherited diseases in horses at the molecular level and potentially more complex diseases.

In the years to come, horse breeding will rely more heavily on this data and use it to breed horses with better physical characteristics and create healthier and more robust breeds in the long run.

A Change in Outlook for Embryos

 A few years ago, there was a belief that equine embryos are the future of the sport.  The idea was that freezing the embryos would allow the breeders to produce horses with the right qualities for years, if not decades to come.  That’s what led to the increase in prices, and a horse embryo quickly became quite expensive with the price rising all the time.

Lately, however, the outlook and overall approach to breeding have changed.  Due to the advancement in genomics and DNA research, there’s less of a need to store frozen embryos, and their value has dropped.

Auction Values

 At the same time, the value of horses sold at auctions has been rising for a while now.  Equestrian sports have become more popular and widely available, as much as that can be the case for such an investment-intensive sport, which has led to increased demand.

Auctions are still the most important platform for the market, as they combine competitive bidding and care for the natural ecosystem of horse sales.

New Sale Methods 

The horse market is also changing and adapting to the new ways sales are made.  Auctions are the most popular way to purchase a horse, and there’s a tradition behind them, but there’s also a big push for online sales and the use of cryptocurrencies as a payment method.

There’s also an increased interest in leasing options.  These haven’t been around for that long, but they serve a purpose with a broadening base of customers interested in racehorse and equestrian sports in general.  Leasing horses works similarly to leasing cars and comes with the same upsides in the short run and downsides in the long run.

Sustainability 

A sustainability mindset has affected every industry, as it’s affecting our society as a whole.  This is especially true for businesses that include animals and have an outsized environmental impact.  This is the case with the practice of breeding and training horses, and the industry has tried to change its way to increase sustainability.

This includes environmentally friendly practices in farm management and a focus on the long-term health and well-being of the horses.  There’s also an effort to retire racing horses in a way that will promote their health and allow them to adapt to the new way of life.

Introducing New Technologies

 Horse breeding and racing don’t shy away from the use of the latest technologies to improve the outcomes of its efforts.  This includes using virtual reality to offer immersive experiences, enhanced data analytics for better decision-making, and the integration of blockchain for virtual races.

There’s a pretty high barrier to entry into the sport, and these technologies can be used to lower it and allow new fans and potentially new racers to learn more about it and get into it from the ground level.  For a long time, there’s been a sense that horse racing sports seem elitist, and the industry wants to change that by allowing everyone to get to know it from the inside out.

Diversification

 As a part of this change and a broader societal change, horse racing is also becoming more diverse.  This is the case regarding who gets to participate and who gets to breed and ride horses.

It’s most noticeable when it comes to the gender and race of those involved, but it goes beyond that.  Sports are also becoming more diverse in terms of class and socio-economic background.  This will make equestrian sports more widely available and better in the long run.

A Focus on the Welfare of Horses

 The horse healthcare market is a $4 billion industry, so horses’ welfare has long been an important part of the sport.  However, recently, extra emphasis was put on the overall well-being of the animals even after they retired from racing.

Many charitable and communal institutions have been established with this goal in mind, mostly to find homes for older horses that can’t race anymore but can still lead long lives and be ridden even for years to come.  Horses such as these require special care for a while but can quickly adapt and get used to their new circumstances.

Equestrian Tourism and Therapeutic Riding

 Recently, there’s been an increased interest in equestrian tourism.  It’s part of a holistic approach to tourism where visitors spend their time on a ranch, ride, and enjoy the countryside along with other more common tourist activities.

There’s also an increased interest in the therapeutic qualities of riding.  It’s often used as a therapeutic measure for numerous mental health issues, including post-traumatic stress disorder.  The most important quality of this therapy is the bond the riders form with their horses over time.

Job Market

 The increased interest in equestrian sports and horse breeding in general has had an impact on the job market.  More interest, more sales, and the increased specialization of the field have led to a new demand for jobs.  This includes jobs directly related to the field and those surrounding it.

A change in technology may also reduce jobs in some outdated parts of the industry, which is more than made up for in the new and high-tech jobs.  This is especially the case when it comes to scientists working on DNA and genomic research in horses.

Conclusion

 Horse breeding and sales are changing and adapting to the overall shifts in the market.  This is most noticeable in the way it uses the latest developments in genetic and DNA research to produce the best species in terms of strength, health, and ability.  There’s also a growing focus on the health and well-being of horses, as well as sustainability in terms of homesteading and food production.

The sports are also becoming more diverse, and there’s a broader base of potential buyers interested in horse auctions or buying racehorses online.  This has led to the growth of the industry’s job market.