Many times the stallions may be syndicated for breeding purposes. Generally, up to 40 shares of a stallion are sold. A breeding right is an intangible, depreciable asset. The purchase of a breeding right many times guarantees a live foal. This means the foal has to stand and nurse the mare.
Mares are eligible to be bred at age two, but are generally bred at age three.
The mare usually gives birth to one offspring each year. Teaser ponies are used by the breeder to prepare the mare forservice by the stallion. A teaser pony is a depreciable asset. A gelding is a male horse that has been castrated. It cannotbe depreciated for breeding purposes.