Changes Coming to AQHA Incentive Fund
Owner, exhibitor and breeder feedback is driving changes to the American Quarter Horse Association Incentive Fund. To make the program more beneficial to all competitors, effective January 1, 2016, competition licenses will no longer be required, and the point cap will change to one plus the average number of points earned during the year.
The AQHA Incentive Fund has been the standard that many incentive-type programs have been modeled after and continues to be one of the best in the industry.
“The average payouts have been more than $2.8 million each year and the total dollar amounts last year were greater than the first 10 years of the fund. It’s a great time to make your horses part of this program,” said Trent Taylor, AQHA acting chief operating officer and treasurer.
Since the inception of the Incentive Fund in 1984, only slight modifications had been made to the program over the course of 30 years. As the point values decreased, which coincided with the downturn in the industry, AQHA began looking for ways to adjust the fund. In 2012, the program underwent major changes following a review by the Incentive Fund task force. The task force comprised mare owners, stallion owners, exhibitors, professional horsemen and show managers.
To read the full update on AQHA.com, click here.