In the wake of disappointing results at the 2013 QTIS yearling sale, locally-based breeders, owners and trainers held a meeting with Racing Queensland and Magic Millions officials at Ipswich Turf Club on Thursday.
Queensland breeders’ president Basil Nolan said discussions at the debrief had come up with several key issues that will be addressed.
“The Magic Millions team thinks one of the biggest hurdles the Queensland industry faces is the negativity at grassroots level,” Nolan said. “Vin Cox has travelled world-wide and rates the Queensland industry among the top echelon.
“We need to take a more positive and proactive approach, to embrace what we have and promote it to the rest of Australia – word of mouth and perception are powerful tools.”
Cox revealed statistics that showed Queensland’s average sale prices are higher than the second-tier sales in all other states. “QTIS is one of the best incentive schemes there is, the bonuses are actually greater than BOBS and VOBIS,” he said. “And the bonus prizemoney is distributed right back to third position, not just to the winner.”
The consensus of the debrief was that, while there are some ways of improving the QTIS Sale, the root of the problem stems from the general prizemoney pool, not QTIS bonuses.
The TBQA intends to hold discussions with Racing Minister Stephen Dickson in the next few weeks to discuss a further financial commitment from the State Government to ensure Queensland’s fourth largest industry survives.
Other outcomes from the meeting that the TBQA and Magic Millions will consider include:
1. A new marketing campaign for Queensland horses to generate more interest in the Queensland product
2. A name change of the QTIS Sale to broaden the buying bench
3. Changing the sale dates to enable greater interstate and international buyer participation
4. Offering another incentive unique to QTIS sale graduates
5. Conducting a survey of industry participants to understand what they need
The TBQA and Magic Millions will also hold further discussions over the next few months to build on the suggestions put forth and provide a good outcome for vendors of the 2014 QTIS Sale.