Breeding Farms

The Small Business Administration (SBA) has reopened the application process for the Economic Injury Disaster Loan (EIDL)-COVID-19 related assistance program after a short delay. Farms with fewer than 500 employees whose primary activity is breeding horses may now apply for these loans offered to businesses that have suffered economic hardship as a result of the coronavirus pandemic. "This is welcome news and a terrific opportunity for horse farms that are currently facing a number of daunting challenges," said NTRA President and CEO Alex Waldrop. "The NTRA encourages quick action by...

President Trump signed an emergency aid package providing additional relief to small businesses and health care facilities into law Friday and the Small Business Administration released updated guidance that will assist the horse industry. The new law provides $310 billion to replenish the Paycheck Protection Program (PPP) for small businesses, which was oversubscribed. The additional appropriation will allow financial institutions to make additional forgivable loans to eligible small businesses in order to keep employees on the payroll for eight weeks. The new law also includes $60 billion in loans and...

He was 12 when he finally convinced his father that he was ready to work with the horses. Previously he had been baling, mowing, weed-hooking, stripping bluegrass. His father agreed, albeit at a cost to his pay from $7 a day to $5. But the company of horses has always been beyond price to Alfred H. Nuckols Jr. Nor, to be fair, was that literal grounding--in the soil and pasture of the historic Hurstland Farm--lost on the youngster. To this day, in his stewardship of the portion that devolved to...