Kentucky Horse Breeders Woes
Apr 30, 2010
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LEXINGTON, Ky. — The for-sale signs on horse farms are as common as the bluegrass and the limestone fences here, and breeders have grown accustomed to sending horses through the auction ring and feeling fortunate when they fetch half of their asking price — or anything at all. The run-up to the Kentucky Derby is normally an exciting time for lawyers playing matchmaker between deep-pocketed clients and owners of can’t-miss stallion prospects.
No more.
“The rails are quiet,” said Mike Meuser, a Lexington lawyer who is usually in the forefront of such deals. “Collecting, or trying to collect money, is the bulk of my business these days.”
Read more on the New York Times Site
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