At Round Table, economist Lauren Stiroh outlined initial findings of foal crop study.
The estimated 2021 foal crop for North America is 19,200. The last time the foal crop dipped below 20,000? 1965.
The numbers couldn’t be more dramatic.
Speaking at The Jockey Club Round Table on Matters Pertaining to Racing Aug. 14, economist Lauren Stiroh largely tied those declining foal crop numbers to a decline in pari-mutuel wagering as she shared initial results of a study. Stuart Janney III, chairman of The Jockey Club, said it requested the examination of the economics of breeding and racing.