Page 87 - October 2023

Hits Two-Year Lows in June.” But the price is far from right. Prices are out of hand and just because inflation is down does not mean prices are down. Inflation was up around 9% year-over-year at one-point last year. Now inflation is up just over 3% year-over-year. What people fail to recognize is that prices are not down 6% from where they were.
Prices grew 9% and then grew an additional 3%. Prices are still on the rise, just not as significantly as they were a year ago.
If you’re selling horses during these
times, then you are in pretty good shape.
It’s apparent that things have changed when you’re wondering why a yearling sells for less than $50,000. For this article, I wanted to do
a fun calculation on career earnings for horses that have won the All American Futurity. In the table below, you will find every horse that won the richest Quarter Horse race dating back to 1959 with their career earnings and, perhaps more interestingly, their inflation- adjusted career earnings. I found the calculations to be fascinating.
FINANCIAL PLANNING
Horse
Owner
AAF Year
Career Earnings
Inflation Adjusted Earnings
Horse
Owner
AAF Year
Career Earnings
Inflation Adjusted Earnings
Galobar Hugh Huntley Pokey Bar Hugh Huntley
1959 1961
$68,282 $717,292 A Classic Dash Abigail K Kawananakoa 1993 $1,078,617 $2,281,823
Tonto Bars Hank
Milo/C G Whitcomb
1960
$133,919
$1,383,034
Noblesse Six
Steve Chavez
1994
$1,125,024
$2,320,578
$162,632 $1,662,713
Winalota Cash Andra D Meridyth 1995 $1,952,848 $3,917,113
Hustling Man
J B Ferguson
1962
$106,721
$1,080,253
Streakin Flyer
Southern Rose Ranch
1996
$1,141,128
$2,223,279
Decketta
W W Wilson
1964
$156,762
$1,545,830
Falling In Loveagain
David F &/or Susan Mackie
1998
$1,210,375
$2,269,943
Go Dick Go
Joe V Leitner
1966
$267,669
$2,525,432
Eyesa Special
Bell/Hill & Pitts
2000
$1,394,911
$2,476,258
Three Oh's
Donald G Strole
1968
$201,716
$1,771,918
Ab What A Runner
Dennie & Kris Hill
2002
$1,342,389
$2,281,024
Rocket Wrangler
John Adams
1970
$252,167
$1,986,731
DM Shicago
Don Moler & Fredda Draper
2004
$1,873,730
$3,032,199
Possumjet
Jack Byers
1972
$406,811
$2,975,082
No Secrets Here
Vellels SF LLC/Benny Rosset
2006
$1,637,095
$2,482,367
Easy Date
Walter Merrick
1974
$849,710
$5,268,736
Stolis Winner
Jerry Windham
2008
$2,242,661
$3,184,169
Real Wind
J D/ Elise Kitchens
1976
$528,162
$2,837,510
Mr Piloto
Tremor Enterprises LLC
2010
$1,002,240
$1,405,032
Moon Lark
Paul/James/Sam Howard
1978
$859,356
$4,029,101
One Dashing Eagle
J/G De La Torre/San Gregorio
2012
$2,079,065
$2,768,153
Higheasterjet
GD Highsmith
1980
$1,633,035
$6,058,302
JM Miracle
J & M Racing & Farm
2014
$1,507,962
$1,946,843
Mr Master Bug
Marvin L Barnes
1982
$1,793,718
$5,682,108
Eastex
Dr/Mrs H D Hall
1984
$1,869,406
$5,500,101
Imperial Eagle
Charles E Robinson
2016
$1,852,897
$2,359,989
Ronas Ryon
B Benham/J Plummer
1986
$1,777,976
$4,959,044
Apocalypitcal Jess
Bill T. Robbins
2018
$2,251,556
$2,740,984
Merganser
Ronald Shalz/Jerry Wells
1988
$1,373,704
$3,549,695
Whistle Stop Cafe
Whitmire Ranch
2020
$2,222,840
$2,625,476
KJ Desparado
John and Kathy Lee and Ruben Mares
2021
$2,906,599
$3,279,038
Hes Judgeandjury
Jeff Jones and Steve A. Holt
2022
$1,937,167
$2,023,456
Refrigerator
James E Helzer
1990
$2,126,309
$4,973,171
Dash Thru Traffic
TNT Racing
1992
$1,056,943
$2,302,907
Goetta
Savannah JR Laico Bird
Easy Jet
Mr Kid Charge Timetothinkrich Bugs Alive In 75 Hot Idea
Pie In the Sky Special Effort
On A High
Mr Trucka Jet Elans Special Strawberry Silk Royal Quick Dash
Hugh Huntley
Ray E Cates
Floyd H Jones JR
Walter Merrick
Will Whitehead
Vessels Stallion Farm Ralph W Shebester
Floyd W Jackson/Ted Bruce Dan/Jolene Urschel Dan/Jolene Urschel Rheudasil/Carter/Phillips Darrell Kissee (Lessee)
L D Burbank Jacqueline Spencer Doloras Contreras
1963 $233,922 1965 $280,992 1967 $435,653 1969 $445,723 1971 $299,187 1973 $612,859 1975 $550,969 1977 $374,617 1979 $616,328 1981 $1,219,949 1983 $1,167,234 1985 $1,033,115 1987 $1,186,540 1989 $1,266,263 1991 $1,046,980
$2,336,857 $2,726,880 $3,987,281 $3,712,629 $2,258,241 $4,219,492 $3,129,048 $1,889,720 $2,595,122 $4,102,611 $3,582,459 $2,935,073 $3,192,910 $3,121,654 $2,349,870
Corona Cash
A Delightful Dasher
Ausual Suspect
By By JJ
Teller Cartel
Heartswideopen
Runnning Brook Gal
Ochoa
Handsome Jack Flash
Jess Good Candy Fly Baby Fly
Mr Jess Jenkins
Cowboys Gun Z
Jaramar LTD
Mrs Gwendolyn Eaves
TNT Racing
Rosella Anrin Prieto
Teller Cartel Syndicate
Javier Rodriguez
A & C Racing and Roping
J Bar 7/M $ K Cluck/D Benson
Norma & Brenda Alvarez/Debra Laney
The Estate of Carl Pevehouse Fly Baby Fly Partnership
Jose Guzman and Rito Sosa
West Texas Racing Partners
1997 $1,542,880 1999 $1,660,525 2001 $1,003,564 2003 $1,207,274 2005 $1,212,471 2007 $1,885,283 2009 $1,359,989 2011 $2,781,365 2013 $1,517,491
2015 $2,014,703 2017 $1,813,957 2019 $1,631,033
2023 $1,510,000
$2,938,595 $3,046,864 $1,733,223 $2,005,721 $1,897,805 $2,779,533 $1,937,830 $3,779,861 $1,991,283
$2,598,448 $2,262,199 $1,950,238
$1,510,000
I would like to point out that Higheasterjet is the highest earning Quarter Horse when adjusted for inflation. It’s unique to look back at the first decades of the All American Futurity and see what those earnings would be worth today. Some of the horse’s earnings are astronomical,
being over four and five million dollars.
This is a very relatable example to show the effects of inflation. It’s important to consider inflation-adjusted prices when dealing with your budget and your investments.
The analogy I like to use for inflation is death by a thousand cuts. You won’t really
feel it at first, but eventually it causes your dollar to be worth much less. As this table shows, inflation can have a major effect over the years. I always encourage folks to keep their cash working, if not for them then for their kids or the charities they plan to donate to.
SPEEDHORSE October 2023 85