WHM RIATA ISSUE

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Join Us for our 2026 Sale TH

JUNE 13

CUDD QUARTER HORSES

METALL IC GR AY AQHA 5434277 | 2011 GRAY SIRE: Metallic Cat (By High Brow Cat) DAM: Smooth Sage (By Over Osage)

PRODUCTION & CONSIGNMENT SALE

Reference Sire:

Reference Sire: ONE TIME GENUINE AQHA 583919 | 2016 SORREL | 5PANEL NN SIRE: One Time Pepto (By Peptoboonsmal) DAM: Playguns Desire (By Playgun)

2 0 2 5 S AL E H I GH LIG H T S High Seller - $50,000

The Darkk Side x Chars Gun Weanling

Reserve High Seller - $44,000 Gaslightr (Inferno 66 x MS Starlight Mink)

High Selling Yearling - $36,000

Design: SilverBuckleServices.com © 2025

Woody Be Playin (Woody Be Tuff x Chars Gun)

High Selling 2 Year Old - $26,500

Metallic Fox (Metallic Gray x Foxy Cadillac)

(580) 515-3133 | (580) 256-6666 | Woodward, Oklahoma

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PG 14 CUDD QUARTER HORSES AND THE GOLDSEEKER BARS CONNECTION

ON THE COVER ST CLAIR PERFORMANCE HORSES

STClairFarms.com

11 RIATA Stallion Line Up

24 St Clair Success 34 Hauling Horses

and Keeping Them Safe

42 Ranch/Farm/

Hunting Land 2025 Fall Market Report

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Championships Schedule

Mike Gerbaz | Managing Partner & Sales mikegerbaz@gmail.com 970.948.5523

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Competitor News | Art, Production, Website, Billing competitornews@yahoo.com 509.386.1458 Working Horse Magazine has been serving the performance horse industry since 1997. Main Office | 355 Watson Divide Road, Snowmass, CO 81654. For questions regarding subscriptions and distribution call 970.948.5523. The views and/or opinions in articles and advertisements do not necessarily reflect those of Working Horse Magazine and are the responsibility of the author or advertiser.

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Scooter Kat Seven S Big Valley Seven S Grand Slam Sevens Star Glo Sevs Judgement Day Shawne Bug Leo Sheik Jean Fly HTT Shiners Suduko Shining Spark Show Me the Buckles SJR Metallic Oak Slick By Design Smart Boons Smart Chic Olena Son of a Poptart Spark Badger Spooks Gotta Whiz SR Industry Titan Stevie Rey Von Streakin Boon Dox Streakin Irish Relic Stunned Stylin With Pepto Taggline Tfouroverdrivinnfame The Animal The Darkk Side The Goodbye Lane The Metallic Patron The Notorious B I G The Reyl Mccoy The Silk Streaker This Catt Shines Thrift Shop Fabulous Time To Glo Tinker With Dreams Traffic Guy Travelin Jonez TRR Lucky Brazos TRR Son D Seven TW Megga Cat Two Eyed Brazos VSR Smart Catalice Watch Jack Winit Wimpyneedsacocktail Woody Be Tuff Wranglered WSR Hesa Dunofa Lena

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to the roping horse. Or you might say, “it’s all where you find one,” where people didn’t pay much attention to pedigree as long as he was a good roping horse. But today, that is changing as the public is more discriminant, and bloodlines are a serious consideration when selecting a roping horse. Yet we still see that roping horses come from a variety of bloodlines and bloodline combinations.

Here are a couple of examples of what we are talking about and how various bloodlines are making a contribution to the roping horse today. Relentless PYC is the leading money winning roping futurity mare of all time and the richest 4-year-old futurity horse. She is sired by First Prize Diver by leading racehorse sire PYC Paint Your Wagon. Her dam is Chars Gun by Playgun, a leading performance horse sire who was a noted cutting horse. Another example is Metallic Katrina winner of the 2024 Riata Pro Futurity Championship. This mare is sired by Metallic Gray, by the leading cutting, reined cow horse, and now roping horse sire Metallic Cat. She is out of a daughter of Herman Goldseeker, by Leo Goldseeker, by Goldseeker Bar, an AQHA Supreme Champion, an award that is based on the versatility of the quarter horse.

Cudd Quarter Horses of Woodward, Oklahoma, is a common denominator between these two horses.

Relentless PYC is not bred by Cudd Quarter Horses, but they own her dam, Chars Gun, who is representing them in the Solo Select program as a “Select Genes Mare.” This is a service that provides outstanding mares to those who want to customize a breeding to a stallion, and this results in an embryo from one of their Select Gene Mares through ICSI technology. Metallic Katrina is bred by Cudd Quarter Horses; she is sired by their stallion Metallic Gray and out of the home-bred mare Aristocrat Goldseeker by Herman Goldseeker.

Cudd Quarter Horses was founded by Bobby Joe and Renee Jane Cudd in the mid 1980’s to breed horses for the ranch and arena. They built their original breeding program around Goldseeker Bars, the 25th AQHA Supreme Champion. They just received their AQHA 40 Year Breeders Award, and Renee responded, “All 40 years with Goldseeker Bars.” It is through Goldseeker Bars that they have bred versatile quarter horses.

She also said this about the kind of program they have, “A lot of people will buy my horses, and they will rope on them or use them as ranch horses. I’ve had pole horses, barrel horses. A lot of our horses are used by kids, and they go to junior rodeos, and they rope, run barrels, and poles. I’ve got a picture hanging on the wall of a World Champion Amateur Pole Bending Horse that a girl rode.

They have done everything, but not all of them get to the

WORKING LINES CUDD QUARTER HORSES AND THE GOLDSEEKER BARS CONNECTION

By Larry Thornton

The Working Lines—Cudd Quarter Horses and the Goldseeker Bars Connection by Larry Thornton We know that the versatility of the American Quarter Horse has been a key to the success of the breed. But over the years, bloodlines became more specialized in their events.

Cutters produced cutters. Reining horses produced reining horses. Pleasure horses produced pleasure horses. Halter horses produced halter horses. But today, we see that breeders are reaching out to cross over to other disciplines.

Thus, we are headed back to a truly versatile breed.

The roping disciplines of tie-down roping, heading, heeling, and breakaway roping have shown great success over the years with a wide variety of events across the nation. We see this with roping horses earning more money and selling for more through the various roping futurities and sales. An indication of this is the syndication of The Darkk Side through Select Solo Horses and Relentless Remuda. His syndicate shares sold out in 24 hours. Since the syndication, he has won the 2023 AQHA World Champion Heading Horse title and the 2024 AQHA World Champion Bronze Award. His earnings stand at $190.620.

As we look back at the roping events, we can find a variety of bloodlines that, over the years, have contributed

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AQHA to earn points.” She went on to explain that they have held their annual sale since about 1986, and people come to buy their horses for a variety of reasons. She also said that they sell the horses they raise.

The history of Goldseeker Bars starts when he was bred by Denver Davis. He was technically purchased by Bud Boschert when he bought his dam Spanish Joy, who was in foal to Three Bars. She produced Goldseeker Bars. He would earn his AQHA Supreme Championship while owned by Boschert. His last owner was Callaghan Ranch of Encinal, Texas. He would go to the track to win seven with ten seconds from 24 starts. He earned his AAA+ rating on the track, going 330 yards at Blue Ribbon Down in 17.22. He was a stakes finalist in the Ozark QHA Futurity. He set two track records in allowance races, but the times and distance are not known. His next move after the track was the halter arena, where he earned 35 halter points.

He won seven of fourteen halter classes with four Grand Championships and six Reserve Grand Championships. He earned 11 western pleasure points, and he was the first to earn his Supreme Championship, earning 10 cutting points. He was an AQHA Champion as well.

The pedigree of Goldseeker Bars reinforces his being a Supreme Champion. His sire, Three Bars, was a son of Percentage and out of Myrtle Dee by Luke McLuke. He is probably the most important sire in the modern American Quarter Horse. He is found to be an influence on all phases of performance, halter, and racing. The Supreme Championship serves as an example, as he sired the first three winners of this title: Kid Meyers, Fairbars, Bar Money, and Goldseeker Bars, his THREE BARS ch 15.3hh 1940 THOROUGHBRED (USA) GOLDSEEKER BARS sor 15.1hh 1962 QUARTER HORSE #0320700 SPANISH JOY pal 1954 QUARTER HORSE #0048220 LEO GOLDSEEKER ch 1971 QUARTER HORSE #0779220 SAN MAN LEO ch 1958 QUARTER HORSE #0088791 SANDY LOU SMITH ch 1961 QUARTER HORSE #0201451 BOOTS M SMITH b 1955 QUARTER HORSE #0053071

LEO GOLDSEEKER WITH RENEE ON THE OTHER END OF THE LEAD ROPE

PERCENTAGE ch 1923 THOROUGHBRED (USA) MYRTLE DEE blk 1923 THOROUGHBRED (USA) SPANISH NICK pal 1948 QUARTER HORSE #0015332 JOY ANN sor 1944 QUARTER HORSE #0007532 LEO SAN sor 14.3hh 1949 QUARTER HORSE #0020113 VS LITTLE WAGGONER sor 1946 QUARTER HORSE #0012349 MONSIEUR JOE br 1948 QUARTER HORSE #0015392 LITTLE ROCK STAR sor 1950 QUARTER HORSE #0034818

PHOTO COURTESY CUDD QUARTER HORSES MIDWAY ch 1914 GOSSIP AVENUE ch 1918 LUKE MCLUKE b 1911 CIVIL MAID b 1915 NICK SHOEMAKER pal 1939 MEXICALA ROSE buck 1936 GOLD MOUNT pal 1940 RED BIRD SHOEMAKER b 1939 LEO sor 14.2hh 1940 SAN SUE DARKS sor 1945 OKLAHOMA STAR JR dk ch 1934 LITTLE WAGGONER br 1935 RED STAR JOE br 1944 WESTMORELAND b 1940 ARK STAR b 1946 SKEETER BROWN sor 1944

BALLOT THIRTY-THIRD BULSE ROSEWOOD ULTIMUS MIDGE PATRIOT CIVIL RULE NICK SLIPALONG WIESCAMP PLAUDIT BLOSSOM TIME 1 BRUSH MOUNT MISS HELEN NICK PLAUDETTE JOE REED II LITTLE FANNY SAN SIEMON LITTLE SUE OKLAHOMA STAR BABE DAWSON COTTON EYED JOE WAGGONER MARE LITTLE JODIE LADY STARLETT BERT BLAKE MARE STARWAY TOTSEY TOM B SPRAY MARE

ch 1904 ch 1902 ch 1913 ch 1914 ch 15.3hh 1906 blk 1902 b 1906 b 1899 pal 1926 ch 1934 pal 1930 ~1930 pal 1938 pal 15.1hh 1935 pal 1926 buck 1931 ch 1936 b 1937 sor 1934 ch 14.3hh 1929 b 14.2hh 1915 br 1925 pal 1920 b 1938 b 1941 br 1934 b 1939 sor 1936 cham 1935

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fourth son to win the title. He was the paternal grandsire Jackpot Seeker was the dam of Juno Reward, who was of Desto Bar, Lightning Rey, Back Stretch, Magnolia Pay, the dam of Lady Juno, the 1980 AQHA Racing Champion Beatle Win, Fire Rocket, Sugar Rocket, Goldie Bars, Bar Aged Mare and winner of the prestigious 1980 Champion H Raider, Little Town, He Rocket, and Goldseeker Bud. of Champions G1.

Spanish Joy, the dam of Goldseeker Bars, was the dam The daughters of Goldseeker Bars produced horses of five AQHA Champions and two Supreme Champions. that earned 5,125 performance and halter points from 169 The other Supreme Champion was Mach I. Of her AQHA point earners that have earned 49 ROM, with four AQHA Champions, four were AAA rated on the track. She was Champions and seventeen of his foals earning 20 Superior bred by Hank Weiscamp and sired by Spanish Nick by awards. He is the broodmare sire of two world champions, Nick Shomaker and out of Joy Ann by Gold Mount. two reserve world champions, and one high point winner.

The sire record for Goldseeker Bars shows that he sired Opinions was a four-time world champion as the 1994 World 30 Register of Merit runners with one stake winner and one Champion Yearling Gelding, the 1995 World Champion stakes-placed runner. He sired 107 halter and performance Two-Year-Old Gelding, 1995 Youth World Champion Twopoint earners that earned 53 Register of Merit, 16 AQHA Year-Old Gelding, and the 1996 Youth World Champion Champions, 22 T h r e e - Ye a r superior winners Old Gelding. that won 27 Sonny Seeker awards, 2 World was the 1978 Championships, Open World and two Youth Champion Championships.

Ye a r l i n g He is the only Gelding and S u p r e m e the 1979 Champion to Open World sire a Supreme Champion Champion in Two-Year-Old Goldseeker Bud. Gelding. Lady Some of his Bird Robin other noted foals was the 1980 include Heza Youth World Goldseeker Champion with 839 AQHA Yearling Mare. points with T h e Superiors in outstanding open halter, two show mare in youth halter Golden Lea and two in youth Miss by ORREN MIXER PAINTING OF GOLDSEEKER BARS showmanship as Goldseeker PHOTO COURTESY AUTHOR’S FILES well as the 1976 Bars highlights Youth World Champion Three-Year-Old Halter Gelding, the versatility of his grandget. She was the dam of 15 Julie Seeker with 282 AQHA points with an open and a point earners, earning 659 points. Her son, Aztec Sun, was youth superior in barrel racing, Golden Lea Miss winner the 1975 AQHA World Champion Two-Year-Old Halter of 336 AQHA points with Superiors in open halter, youth Stallion. halter and three AQHA Championships one in the open He was Superior in halter and an AQHA Champion and two in the youth and Seekers Reflection with 4,108 that earned 118 halter points and 39 performance points.

PHBA points in halter and performance with 10 PHBA Suntennial, a full brother to Aztec Sun, was the 1984 World Championship in performance and halter.

AQHA Youth Reserve World Champion Heeling Horse The broodmare sire record for Goldseeker Bars shows and the 1986 AQHA Youth Reserve World Champion that his daughters produced 34 racing Register of Merit Breakaway Roping Horse. He was superior in open steer with one stakes winner, and they earned $207,027.50. The roping and in open heading. He was an AQHA Champion leading winner is Carousal winner of the 1977 Hampton that earned 287 open and youth points. Triple Chick Miss Derby and the Tioga Park Derby. The dam of Carousal was superior in youth showmanship, and she earned 178 was Jackpot Seeker, a 1967 daughter of Goldseeker Bars. points, with 167 of them youth points.

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Now we will let Renee tell us how it all got started, “I was raised in Kalazamzoo, Michigan, and I went to the School of Horsemanship at Meridith Manor in Waverly, West Virginia. When I graduated in 1977, they had a job placement program, and I ended up in Woodward, Oklahoma. I went to work for a man by the name of Monte Reger, and he had the Reger Ranch.”

Monte Reger was a rancher who was involved in rodeo as one of the organizers of the Woodward Elk Rodeo in Oklahoma and as a rodeo entertainer who trained and rode Bobcat Twister, a longhorn steer that would jump a Chevrolet car during the 1930s. He would develop a quarter horse ranch, standing such stallions as Excuse, Gee’s Sir Jo, and Skip Em Bar. Renee continued, “Monte had a stallion named Leo Goldseeker. I took care of all his horses, bred the mares, raised the babies. Then I would get all the colts started, and they would have a big sale at Ada, Oklahoma, and that’s where we took all of his 2-year-olds, and we sold them.”

Renee met Bobby Joe at the Reger Ranch. Bobby Joe had come up to the ranch and talked to Monte about keeping a couple of stallions at the ranch. Monte didn’t keep any outside horses, but he let him bring those two stallions, and one of them was a son of Easy Jet, and the other one was a son of Azure Te, out of the All American Futurity winner Goetta, named Flashy Six. So, the horses were at the ranch, and that is how I met my husband.”

Bobby Joe passed away in 2005, and Renee has carried on with their original plan, breeding Goldseeker Bars bred horses.

She continued, “Then about a year and a half or maybe a couple of years later, Monte got really sick and he passed away. They sold all his horses at the Ada sale in August of 1984. By this time, Bobby Joe and I were married, and we bought Leo Goldseeker through the dispersal sale. I worked for Monte for five or six years, taking care of this horse, and I was very familiar with him. That is when we started our business. He was at that time, I think, thirteen years old, and he lived to 27, so we had many years with him, and that is how we got started with the Goldseeker Bars’ horses.”

Leo Goldseeker would form the foundation of the Cudd breeding program. He had a limited show record, winning four of five halter classes with two Grand Championships and two Reserve Grand Championships. He earned only two halter points with his biggest win the Grand Championship at Guymon, Oklahoma, after winning a class of eight aged stallions. He was shown in performance twice, winning a senior western pleasure class over six other horses and a dally team roping heading over seven other horses. He earned two performance points. He was the sire of horses that won 2,126 AQHA points in halter and performance. This includes 26 ROM, 16 superior award winners, and two AQHA Champions. His foals also

earned 154 PHBA points in halter and performance. Some of his leading point earners were Regers Diamond, who earned superiors in open western pleasure, open halter and youth western pleasure earning 419 halter and performance points and an AQHA Championship, Regers Sweetheart who was superior in open halter, youth halter and youth showmanship earning 172 points in halter and performance and Regers Tops a multiple world show finalist that earned a superior in tie-down roping that earned 92 AQHA points all bred when he was owned by Monte Reger.

The Leo Goldseeker foals that were foaled after he was purchased by Cudd Quarter Horses include Dandy Man Goldseeker, who earned 208.5 AQHA points in amateur and open, and he was the Justin Intermediate Horse of the Year Reserve Champion. Tari Goldseeker was superior in tie-down roping with 140 performance points in the open, amateur, and youth divisions. Jack L Goldseeker earned 182.5 AQHA performance points as a multiple AQHA World Show qualifier in tie-down roping, breakaway roping, and heading. Catman Goldseeker earned 103 AQHA points, earning a superior in barrel racing. Dandy Man Seeker and Jack L Goldseeker were bred by Cudd Quarter Horses. They also owned Catman Goldseeker as a weanling and sold him as a two-year-old.

The dam of Leo Goldseeker was Sandy Lou Smith by San Man Leo by Leo San by Leo. The dam of San Man Leo was V’s Little Waggoner by Oklahoma Star Jr by Oklahoma Star P-6. The dam of Sandy Lou Smith was Boots M Smith by Monsieur Joe, who was sired by Red Star Joe by Little Jodie, and Red Star Joe was out of Lady Starlette by Oklahoma Star P-6. The dam of Boots M Smith was Little Rock Star by Star Way by Oklahoma Star P-6. This gives Sandy Lou Smith a breeding pattern of 4 x 5 x 5 to Oklahoma Star P-6.

Leo Goldseeker was just the beginning. Renee continued her story, “After we got Leo Goldseeker and we had him for several years, we met a man named M. K. Rigsby, and he had Goldseeker Bars horses. He had two sons of Goldseeker Bars: one was Callaghans Foremost, and the other was Callaghans Dividend. He also had several daughters of Goldseeker Bars. He would breed the Goldseeker daughters back to the two studs. When he got older, he wanted to sell his horses, so we ended up buying those two studs and some of those mares. They were all sons and daughters of Goldseeker Bars. We took all the mares and bred them to a son of Zan Parr Bar named Zan Juan Leo out of a daughter of John Leo. We would cross those mares on him.”

Renee said that when they started, they always wanted to have Goldseeker Bars in the pedigree on one side or the other. Then she added this on how they used stallions to keep the Goldseeker Bars blood going forward, but that they kept some mare that carried the Goldseeker blood.

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This took her back to 1988, “We met another guy, and he lived in Texas, and we bought two or three sons of Goldseeker Bars from him. That was pretty much among Goldseeker Bars’ last crops.” This brings us to King W Goldseeker, the next significant son of Goldseeker Bars.

Renee talked about him this way, “We had King W Goldseeker since he was nine months old. We bought him from Doug Saunders. Besides Leo Goldseeker, he was the best stud we have ever had. We have always tried to have a son of Goldseeker Bars, and now, as time goes on, they are all gone, and it is hard to keep it going. I don’t even have a son of Leo Goldseeker as he died in 1997.”

The leading AQHA point earner for King W Goldseeker is McElroy Goldseeker, who earned 39.5 AQHA performance points with an Amateur and open ROM. He was a two-time AQHA World Show qualifier in the Amateur and Open. The King W Goldseeker daughters have produced eight AQHA performers earning 132 points and one World Champion in Jay Jay Goldseeker, the 2014 AQHA Select World Champion Pole Bending Horse. He earned 94 AQHA points in the open and amateur with a Superior in open pole bending.

The dam of King W Goldseeker was Skipper Silk by Sailalong by Skipper W. The dam of Skipper Silk was Skip’s Hope by Skipper’s King by Skipper W by Nick Shoemaker. Her dam was Silver Leche by Holy Smoke

by Smokey Moore. Silveer Leche was the dam of Silver Son, the 1969 High Point Steer Roping Horse, and he was Superior in reining and calf roping. When we combine the pedigree of Spanish Joy, who was sired by Spanish Nick by Nick Shoemaker, we get a breeding pattern of 4 x 4 x 5 to Nick Shoemaker. Here is an added note: Hank Wiescamp saw Skipper’s King and his full sister Skipperette as the two best horses he ever bred. He considered Spanish Nick to be the best broodmare sire he bred. Skipper W would be the most significant sire for his breeding program.

Renee continued, “I had a horse here named Herman Goldseeker by Leo Goldseeker, but he is gone. He was out of a mare by Smooth Herman, and she was out of a Mr Perfection mare. It is getting harder and harder to keep the Goldseeker in there. I don’t even have a son of Leo Goldseeker as he died in 1997.”

Herman Goldseeker was the sire of only three AQHA performers, earning 215 points. This includes Allie Goldseeker, who earned a Superior in open and amateur pole bending with 209 points. She was the 2016 AQHA Open World Champion Pole Bending Horse and the 2017 AQHA Open World Champion Pole Bending Horse. Herman Goldseeker is the broodmare sire of Metallic Katrina, winner of the 2024 Riata Pro Futurity Championship. She is out of his daughter, Aristocrat Goldseeker, who was out of Aristocatrina by Smart Aristocrat, by Smart Little Lena.

The dam of Herman Goldseeker is Hermans Jewel by

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Smooth Herman, a son of Jet Smooth by Three Bars and out of Lena’s Bar by Three Bars. He was a full brother to Easy Jet. Jet Smooth won such races as the Kansas Futurity G1, and then he earned his halter points to become an AQHA Champion. Smooth Herman was the 1977 AQHA High Point Cutting Horse. The dam of Smooth Herman was Carol’s Ethel by King P-234. The dam of Hermans Jewel was Perfection’s Miss by Mr Perfection, an AQHA Champion and Superior halter horse who was sired

by Three Chicks. He was out of Quo Vadis, an AQHA Champion and dam of foals like Madonna Dell, one of the great halter mares.

The sire influence of Goldseeker Bars continues today for Cudd Quarter Horses through Bay John Goldseeker by King W Goldseeker. His dam is Jazzabell Jazz, by John Leo, by Leo. She also has Twist Goldseeker by Herman Goldseeker standing at the ranch. He is out of One Eyes Roan, by Rhinestone Bartender, by Two Id Bartender.

Rhinestone Bartender was another outcross stallion used in the breeding program. Renee reports that both of these horses are producing good colts for the program.

But as the breeding program has continued despite the Goldseeker blood moving back in the pedigree, Renee is looking to the future. Metallic Gray and One Time Genuine serve as sires to cross on the ranches Goldseeker blood. Both of these stallions have been enrolled in the Riata Stallion Incentive program.

Metallic Gray is sired by Metallic Cat by High Brow Cat. The dam of High Brow Cat is Smart Little Kitty by Smart Little Lena, NCHA Triple Crown Champion. The dam of Metallic Cat is Chers Shadow by Peptoboonsmal NCHA Futurity Champion, and she was out of Shesa Smarty Lena by Smart Little Lena. The dam of Metallic Gray is Smooth Sage by Over Osage by Osage Roan.

The dam of Over Osage was Osage Nell by Osage Roan.

Osage Roan was sired by Little Roan Hancock by Roan Hancock by Joe Hancock. The dam of Smooth Osage was Savannah Chacha by Smooth Savannah by Jet Smooth, and he was out of Savanna Patty by Savannah Jr, All American Futurity winner. Metallic Gray is the sire of Metallic Katrina, winner of the 2024 Riata Pro Futurity Championship.

One Time Genuine is sired by One Time Pepto by Peptoboonsmal by Peppy San Badger. Peptoboonsmal is out of Royal Blue Boon by Boon Bar. The dam of One Time Pepto is One Time Soon by Smart Little Lena, and she is out of NCHA Futurity winner Uno Princess by Jose Uno. The dam of One Time Genuine is Playguns Desire by Playgun by Freckles Playboy, and he is out of Miss Silver Pistol by Doc’s Hickory. The dam of Playguns Desire is Genuine Desire by Genuine Doc by Doc Bar. She is out of Peppy’s Desire, the 1975 NCHA Open World Champion and the 1975 NCHA Non Pro Futurity. Peppy’s Desire was

SELECT GENE MARE CARRERA CAT PHOTO COURTESY SOLO SELECT LLC

SELECT GENE MARE CHARS GUN PHOTO COURTESY SOLO SELECT LLC

SELECT GENE MARE - ISSYS CHROMED KITTY PHOTO COURTESY SOLO SELECT LLC

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sired by Peppy San, the 1967 NCHA Futurity, and her dam was Stardust Desire, the 1966 NCHA World Champion.

One Time Genuine is the sire of One Time Hydrive, who won the Elite Breeder’s Incentive and earned $9,000 at the Gold Buckle Futurities Breakaway Roping.

A NEW ERA BEGINS Renee bought four mares that have had an energizing impact on Cudd Quarter Horses. They are Ima Smart Catt, Chars Gun, Carrera Cat, and Lizzys Chromed Kitty.

Ima Smart Cat was Renee’s first adventure into the reined cow horse event. With trainer Brad Lund showing, she was the 2017 Snaffle Bit Futurity Open Intermediate World Champion. Lund would take this mare to the roping pen, but she would be injured in a trailer accident, and she had to be put down. She was sired by WR This Cats Smart and out of Shiney Patrona by Shining Spark.

Renee explained how the other three mares became a part of their breeding program and into the Solo Select LLC program of Select Gene Mares, “About 10 years ago, I met Ty Smith, and that is where I got Carrera Cat and Ima Smart Cat. Brad Lund started showing them. We added a few mares, and then we got down to Chars Cat, Carrera Cat, and Lizzys Chromed Kitty.

They stay in Texas as a part of the Select Gene Mares.” Ty Smith is the CEO of Solo Select LLC, a man that Renee has a great deal of respect for, while appreciating how he has helped her.

Carrea Cat was started in the reined cow horse and shown

by Brad Lund. She would be an open finalist in the National Stock Horse Association RCH Intermediate and Open Futurities. She then entered the roping arena, and she was the 2017 ARHFA Sweepstakes Maturity Reserve Champion in Heading. Then she was fourth in the 2017 AQHA World Championship finals in the heading event.

She was also a top ten finalist that year in heeling. She earned her Superior in heading and heeling with 167 AQHA points. Her first foal was Holly Cat Carrera, winner of the 2020 Reno Snaffle Bit Open Futurity and a finalist in the 2020 NRCHA Snaffle Bit Open Futurity. She is also the dam of Black Magic Woman, who set a sale record in the 2022 NRCHA Snaffle Bit Futurity Sale, where she sold for $180,000. Carrera Cat was sired by Metallic Cat and out of Lively Dual by Dual Rey. Chars Gun was also purchased from Ty Smith. She was an unshown mare. She is the dam of Relentless PYC, who is a multiple roping

futurity champion, including the Royal Crown Roping 6 & Under heading. She has earned $165,921 as the all-time leading money-winning futurity mare and richest moneyearning four-year-old futurity horse. A weanling by The Darkk Side out of Chars Gun was the high-selling horse at the Cudd Ranch Sale in 2025, selling for $50,000. The highest-selling Cudd Ranch yearling in 2025 was Woody Be Playin by Woody Be Tuff out of Chars Gun, selling for $36,000.

Lizzys Chromed Kitty is a multiple-aged event finalist, including finishing in the top ten in the 2020 NCHA Open Futurity. She earned $61,131. She has no performers yet, but she has a number of foals in the wings by stallions like Dual Reyish. Lizzys Chromed Kitty is a full sister to Metallic MVP, the 2022 NCHA Open World Champion Cutting Horse. They are sired by Metallic Cat and out of My Lizzy Babe by Docs Stylish Oak. All good breeding programs are built on a good foundation.

We see that in the Cudd Quarter Horses and how they built their breeding program around Goldseeker Bars, the AQHA Supreme Champion. It is the versatility that comes from a Supreme Champion and then down through his offspring that provides horsemen (young or old) with a horse that could go in the direction the new owner wants to go. This program continues, and you can see the Goldseeker Bars connection in their annual sale, which takes place each June, a part of the program that Renee says will continue.

But this sound breeding program has moved into the era of new breeding technologies, with three of their mares serving as Solo Select LLC’s Select Gene Mares.

A program that Renee says, “is a top of the line” program that is having a big impact on the breed today. They have also entered the Riata Buckles’ Riata Stallion Incentive, increasing the earning potential of the colts by Metallic Gray and One Time Genuine. Each year, Renee combines her Goldseeker Bars and Solo Select foals by bringing a number of foals from this program as a part of her annual sale. A good example of this is the Cudd bred Wooodya Stevie, who sold for $73,000 in their 2024 sale. She was sired by Stevie Rey Von and out of Wooodya by Woody Be Tuff.

So, it is through their Goldseeker Bars bred horses and the Select Gene Mares and their stallions that serve as the reason why Cudd Quarter Horses will continue breeding good horses beyond those first 40 years.

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About the Author | Larry Thornton is a Pedigree Analyst and freelance writer for Working Horse Magazine, Speedhorse and Quarter Horse News. Thorton started his writing career in 1984 with his first article being printed in the Speed Horse Magazine.

He wasRIATA also an Agriculture Instructor for 37 years.

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SIRES Four Bonnie Bay – Bay Own son of Figure Four Chex Stunned - Sorrel Own son of Highbrow Cat Rustic Metal – Red Roan Own son of Metallic Cat The Metallic Patron – Red Roan Own son of Metallic Cat SF Bonnie Pep – Gray Own son of Four Bonnie Bay 24 Working Horse Magazine RIATA 2025

Smart Boons – Red Roan Own son of Peptoboonsmal SJR Diamond Buck – Buckskin Own son of CD Diamond Smooth Smoken Boon – Red Roan Own son of Once In A Blu Boon Now Lets Talk Money – Red Roan Own son of Metallic Cat

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Challenge. Logan Allen won $30,000 in the 9.5 at the World Series Finale. He was heeling on Playboys Patron by The Metallic Patron. Zach Mabry was For 20 years the St. Clair family has loaded up second in the 11.5 on SF Freckles Four by Four their horses every two years and hauled them to the Bonnie Bay earning $119,500, plus another $20,000 Nebraska Quarter Horse Classic sale. Last year, for for the Riata Buckle side pot. the first time, they set up the sale to come to them.

They’re going to do it again this year, says Mike St. FAMILY FOCUSED Clair, who started the family business with his wife, Though they started small in 1978, Mike and Kim Kim, nearly 50 years ago. knew what they wanted to accomplish and have kept steadily working toward their goals. While they raised This year the family designed and built the Flying a family, ran a Carquest business and Mike worked as L arena near Keosauqua, Iowa, with this sale and a farrier and also for a company building train wheels, accompanying futurity in mind. The new indoor Flying they focused on building their horse program around L Arena is located on Cody and Lucas Goehring’s their family. place (Mike and Kim’s youngest daughter). Lucas, who has taken the lead on their rope horse program “All the kids are involved,” Mike said. “We started designed the new arena. “We continue to finesse the partnering with them when they were old enough to rope program and reining cow program. Luke and ride, using horses as savings accounts for college.

Cody just finished putting up the indoor arena, which Family is the foundation; we couldn’t do this without enables us to train horses year round,” Mike said. them.”

By Maria Tibbetts [Photos by Country Roots Photography.]

That indoor arena will be a welcome addition to the fall sale. This year’s sale is set for Saturday, Sept. 13, 2025, with a futurity and roping on Friday, Sept. 12.

Friday’s futurity features conformation, ranch trail, reined cow horse, and reining classes, followed by a roping that last year drew 185 teams. Saturday kicks off with the horse preview in the morning and the sale itself in the afternoon.

Eighty-five head are cataloged for this year, including 60 home-raised St. Clair horses. Every consignment is carefully screened to match the program’s reputation for pretty, balanced, versatile athletes, says Mike. “We’ve been very particular about what we allow in the sale. The horses have to reflect what we’re building.”

They believe every horse has unique strengths and they do their best to identify those and market each horse so it can be successful. But Mike said their primary focus is on strengthening their bloodlines and training programs for team roping and reined cow horse.

That program is paying dividends for their customers, some of whom have taken home big paychecks from the World Series Team Roping 26 Working Horse Magazine RIATA 2025

The third generation is now joining the team, with Mike and Kim’s two oldest grandkids training horses for the sale. The younger grandkids are working their way up the ranks, learning all they can so they’ll be ready when it’s their turn to ride their own horses into the sale ring.

Mike and Kim have four daughters who all play a part.

• Courtney and Chris Kirchner – Courtney, a vet tech, manages breeding records for the horse program. Chris is a BNSF track supervisor. Their children, Tanner and Dakota both have trained horses in this year’s sale.

• Lacey and Mark Boatman – Lacey, a dental hygienist and Mark a major in the Iowa Correctional System balance working careers while managing the horse program. Their girls, Fynlee and Emyt are avid pony riders, and are now stepping up to the big horses.

• Cody and Lucas Goehring – Cody manages media and marketing for the horse program while Lucas, leads the roping program. Their kids, Layne and Hattie, keep their grandma and their ponies busy.

• Nicole and Daniel Zimmerman –Nicole works in healthcare in Kansas and they have three kids, Olivia, Sophia, and Parker. They help when they can, but are not involved in the day-to-day operation.

SF SMART LIKE SPUR [MARE]

BY FOUR BONNIE BAY. RIDDEN BY LUCAS GOEHRING Working Horse Magazine RIATA 2025 27

IT STARTS WITH THE MARE When they started the program, Mike and Kim knew the mares were as important as the stallions and focused their early efforts on building a mare band that would be a foundation. “The mare is 60 to 70 percent of that baby,” Mike said.

Their mare herd now numbers around 120. All the mares in the program are broke to ride and a third of those are money-earners. Their mare selection starts with a physical standard; they must stand 14.3 to 15.1 hands, have solid bone and feet, and beyond that they have to prove they’re good-minded.

Mike says it’s as important to know about the mare’s mind, athleticism and disposition as it is the stallions.

“If they don’t have trainability, they don’t belong in our program,” he says.

The mare power traces back to Bailey, the first mare Mike and Kim bought, a palomino mare carrying the genes of Cutter Bill and Gold King Bailey. They expanded in 2000 with the purchase of Nebraska Sandhills Haythorn mares and a Haythorn stallion, Four Bonnie Bay. Those bloodlines still anchor the program today, producing colts that are versatile enough to find their place, whether in the roping pen, cow horse, 4-H, barrels, or as reliable ranch and family mounts. But increasingly that place is in the team roping and reined cow horse arenas.

A STALLION LINEUP WITH PURPOSE The St. Clair stallions, led by Four Bonnie Bay, by Figure Four Chex and out of Bay Bonnie Raindrop, have a long line of proven success. But Mike said they keep an eye out for standout stallions from complementary programs, and also are always on the lookout for stallions that catch their eye when foals start hitting the ground.

Good bloodlines, disposition and conformation are just the beginning. The St. Clairs don’t consider a stallion as a sire until they know what he’s capable of and has proven athletic ability and trainability.

“We’ve got several young studs in training. Four Bonnie Bay is 20 this year, so we are out there actively training on some new stallions,” Mike said. That includes a son of Highbrow Cat, and a Once in a Blue Boon. “We purchased Smart Boons three years ago, he’s a son of Pepto and went over a million in earnings last 28 Working Horse Magazine RIATA 2025

year. We’ve got six or eight young stallions of various ages that we’re trying to decide on, trying to get the next ranch sire.”

With five stallions in the Riata Buckle and Royal Crown, and now a Gold Buckle Ranch slot, the program has firmly planted itself on the national stage.

The Riata Buckle just released a list of the top 12 money-winning sires since the Riata Championships started in 2022. Four Bonnie Bay made the list at number six, with $224,970 in offspring earnings. The St. Clair stallion is keeping company on that list with sires like Bet Hesa Cat, Woody Be Tuff, Metallic Cat, Stevie Rey Von, One Time Pepto and Cowboys Cartel.

“I was very humbled when they asked us to be part of the Riata Buckle,” Mike said. “They told us, ‘We like what you’re doing we’d like to have you in the program.’ We put five of our stallions in the program.”

They have also earned the AQHA Ranching Heritage Breeder designation, which means a ranch must have bred registered American Quarter Horses for at least 10 consecutive years, maintain a remuda of horses used to operate a working cattle ranch, and produce a minimum of five registered foals each year. Applicants must also provide references from established breeders and be approved by the AQHA Ranching Committee. That mark of credibility is also a point of pride for the St. Clairs.

Through the years and generations, the St. Clair mission remains unchanged: to raise versatile, goodminded horses that are safe for families and high enough caliber for professionals.

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HAULING HORSES AND KEEPING THEM SAFE

By Heather Smith Thomas Many horses are hauled to shows and competitive events around the country—but this is always stressful. The ones that haul frequently may not seem as stressed as the nervous or inexperienced ones, but it is still a stress, and stress can hinder the immune system. “Shipping fever” is the old term to describe respiratory problems and pneumonia that sometimes follow hauling.

Horses may also suffer heat stress and dehydration when transported in hot weather, especially if humidity is high and they have trouble cooling themselves by sweating. There are ways a person can minimize stress and fluid loss, however, with careful management before, during and after a trip.

Carey Williams, PhD, Equine Extension Specialist/ Professor, Rutgers University says the important thing to remember is that when horses are hauled, their muscle are working all the time. They are constantly moving, shifting weight, keeping their balance in a moving trailer.

“I tell people that the next time they are riding on a bus or subway or any moving vehicle where they can stand up, they should try standing, and see how it feels, and how tired they are afterward. Even though horses have 4 legs and it’s a little easier for them to keep their balance, their muscles are constantly working. This creates heat in the muscles and heats up their bodies,” says Williams.

Even if a horse is an easy hauler and doesn’t get nervous in the van or trailer, his body will still heat up because the muscles are working, to stay balanced. “If you add that extra heat production, compounded by hot weather, the horse is at risk for heat stress,” she explains.

VENTILATION – Many people keep their trailer closed up because they don’t want it too drafty for the horses. Horses need fresh air and ventilation, however, even in winter. You can blanket the horses if necessary, but don’t close up the trailer.

It is important to make sure the trailer has good ventilation and doesn’t get too hot inside in the summer.

Good air flow can help, so all windows should be open, with a lot of cross breeze. “One thing we sometimes have to deal with even though we don’t plan to stop, is traffic congestion. During hours of high traffic, there 34 Working Horse Magazine RIATA 2025

is potential for traffic jams and you may end up stopped or traveling slowly. There won’t be much ventilation in a trailer in these situations. It’s wise to have fans inside the trailer, so that if you get held up in traffic you can turn the fans on and still have air movement,” says Williams.

“There are some fairly inexpensive trailer fans available that are small and can fit in small spaces and yet produce good air flow,” she says.

Regarding stops, most people don’t like to stop and leave horses in a trailer but on a long haul it is often a good idea to stop. “Some people recommended stopping briefly every 4 hours, so the horse can relax and not have to keep contending with movement and vibration.

The horse can take a break from having to constantly balance. If you can give him a break for about 30 minutes every 4 hours, this can help,” she says.

These rest breaks are another reason to have fans in the trailer, since you might not be able to stop in an area where you could unload the horses. “Not everyone wants to unload during a trip, especially next to a busy highway, or if the horse isn’t a super-good loader--possibly having a problem getting him back into the trailer again. If there are fans in the trailer you wouldn’t need to unload the horses,” says Williams.

Air quality and respiratory issues have been well researched when transporting horses.

“I don’t recommend using bedding like shavings in a trailer because this creates more dust. Air movement keeps picking up dust and this creates more problems. If bedding is needed, a few shavings at the back end—to absorb moisture from urine and feces—can be used.

Bedding is not necessary for the whole trailer, if it has a good mat. They don’t need to be bedded like they would in a stall,” says Williams.

WATER - Most horses won’t drink water in a trailer, but it’s good to offer water on a long haul— at least every 6 to 8 hours. “Some people give horses electrolytes before they haul, because most horses are not very good drinkers while traveling. The problem with giving electrolytes is that you need to make sure the horse is drinking, or those salts pull more fluid from the body. If you are not sure the horse will drink, wait until you arrive at your destination and then give electrolytes,” she says.

Water is something you should keep as consistent as possible because some horses refuse to drink strange water. “You may have to take jugs of water from your farm. I had a mare who was always reluctant to drink water away from home so I had some 5-gallon containers and took water for her to drink,” says Williams.

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Some people who travel a lot with their horses use a flavoring they add to the water, and get the horses accustomed to that flavor at home. Then they can just add the flavoring to the water at the new place to help disguise a different taste. Some horses like a Kool-aid flavor or Gatorade, or a few drops of molasses, apple juice, soft drink mix, corn syrup, wintergreen or oil of peppermint. Some people use Horse Quencher, a product that has grain and other flavorings and horses usually drink if this is added to their water.

Regarding the water needs of a horse while traveling, studies have looked at how long horses can go without water.

“Some horses will go 24 hours and not drink until they get to their destination. Studies found that as long as they are able to drink once they get there, those horses are not any worse off than the horses who drink during that length of time.” The exception might be hauling in hot weather, with more risk for dehydration--which is why getting them used to drinking different water sources or flavors is wise.

It’s a good idea to go a day or two ahead if you have a long haul to a competition. “You should definitely plan for adequate recovery time, especially if you are going from a northern climate to a warmer one. Allow the horse at least 24 and preferably 48 hours to recover before the show.

Check the horse’s temperature before the long haul, and again after you get there. The ‘before’ should be a normal temperature (make sure the horse doesn’t have a fever) and when you get there, check his temperature twice daily for 3 days after the trip, to make sure the horse didn’t develop a respiratory infection,” says Williams.

MORE TIPS – “It’s important to keep things similar

to what the horse is used to. Take plenty of hay that the horse has been eating, so you don’t have to switch hay or switch the feeding regimen. Horses are creatures of habit, and most comfortable with what they are used to.

If you are hauling through the afternoon and the horse is accustomed to having a midday meal, feed it to him. It’s nice to have a hay net, hung safely, or just feed on the trailer floor if the horse is used to eating from the ground,” she says.

If you know you have a long haul when it is hot (and can’t avoid the peak heat during the day or haul on another day when weather is cooler) you might add some antioxidants to the diet. “Before long hauls, especially for a competition, it may help to put horses on a vitamin E supplement (1000 to 2500 IU/day) for about a week to help them cope with stress. Also, giving them vitamin C (7 to 10 grams, depending on the size of the horse) and continuing with these supplements for a few days after transport, can help reduce the risk of shipping fever,” she explains.

“After arrival, wean the horse gradually off the extra vitamins, keeping the horse on the supplement for about a

week and then reducing it gradually. If you take the horse off vitamin C abruptly, the body can’t start to make natural vitamin C that quickly.” You don’t want a sudden change.

“However, the best option would be if you can be flexible when you haul. You could make the trip overnight when it is cooler and also have less chance of sitting in traffic--or change to a day to when it might be cooler,” says Williams.

Allow plenty of time for your trip in case of emergencies and to allow the horse some recovery time after arriving at your destination. This will also decrease stress in the life of the person doing the transporting!

“Many people like to give bran mashes before transporting horses, but there is no real benefit. Bran mashes are what nutritionists call a comfort food. They make owners feel like they did the right thing for their horse, yet they are not proven to have any real nutritional benefit aside from the added water intake if you make the bran mash soupy. It could help if your horse is used to eating bran mashes and doesn’t care for strange water while traveling,” she says.

A bran mash is laxative, however and may not always be wise. Horses tend to be a little nervous in transport anyway, and start passing manure as soon as they got into the trailer. You don’t want the horse’s feces to become too loose (diarrhea) or he will become dehydrated.

Position in the trailer, looking at whether horses should be facing front or back or on a slant has been researched a lot. “Several studies looked at letting horses travel loose in a box stall, noting the percentage of time they spend in each direction. This study found there were no distinct preferences. Whether a person has a slant load trailer or one that hauls horses facing forward or backward is more a personal preference for the owner than the horses,” Williams says.

“If you have a trailer with a big box stall so you can haul horses loose, this would be ideal. Then the horses can position themselves however they want, and adjust their position. On a long haul they could even lie down. People shouldn’t feel they always need to have their horses tied, if the horses have room to turn around. If there’s not room to turn around, however, they should be restricted from trying to do so.”

“Here at Rutgers we have a 4-horse trailer and make it into 2 box stalls and this works very well, especially for young horses that are new to trailering. They seem a lot less stressed if they can move around and look around, and get their balance,” says Williams. Confinement itself can be a stress for an inexperienced horse, and tying a horse in a position that prevents lowering his head to cough out dust and mucus can lead to respiratory problems.

“The number one problem after transport is upper respiratory infection. This usually shows up initially with a spike in temperature. You don’t want to arrive and expect the horse to show in 2 days and find that the horse has a fever,” Williams says.

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HAULING IN COLD WEATHER

In winter, many people close up the van or trailer and blanket the horses. You don’t want them to get cold, but it’s also important that the trailer be well ventilated, with fresh air coming in. It’s less healthy for horses’ respiratory systems if they are confined in a small area with inadequate ventilation, especially if the air is damp.

Moisture accompanies air expelled from the lungs whenever an animal breathes. This is why you can see your breath on a cold day (tiny droplets of water vapor). The air expelled also results in condensation when it hits a cold surface; droplets of water appear on the cold surface and “steam up” a window. A 1000-pound horse exhales about 2 gallons of moisture daily. Humidity rises quickly in a small, confined space like a van or trailer with several horses in it, and damp air is unhealthy. This not only can lead to respiratory problems, but over several hours can also make the horses damp and cold.

It’s always healthier to have some air flow through a trailer. Some people make the mistake of heavily blanketing horses when hauling, and keeping the trailer closed up. The horses may become too warm under the blankets and start sweating—and then chill because they are wet.

Some trailers have remote thermometers and you can read the temperature inside the trailer from your truck. This can give you a clue about how cold it is for the horses. If you have to stop along the way for any reason—like waiting for a snowplow—you might want to unload the horses and let them move around to warm up. In other instances, in blizzard conditions, you may want to leave them in the trailer.

It’s important to keep them dry.

The thing that’s most important is making your horse’s health and wellbeing your first priority— rather than meeting a certain schedule. If it’s a relatively short haul and your horse will have a chance to get warm on the other end, you might opt to push through. But if you have to travel a long ways, you might want to lay over somewhere to give the horse a break and make sure he doesn’t get too cold. The length of the trip, and the weather, may dictate what you do, but if you have to haul a long ways make sure you have enough feed and water in case you do have to wait somewhere along the way. If you are taking water, this can be an issue when weather gets cold, to keep it from freezing. You can put water in carry-cans inside your pickup cab—if it’s an extended cab with back seat.

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FALL 2025 MARKET REPORT: FARMS, LAND AND RANCHES – WHERE IS THE MARKET HEADED FOR THE REMAINDER OF 2025?

Written by John Stratman

“As a tangible asset land remains a resilient investment as the economy continues to see a consolidation of industries creating large sums of cash for sellers of acquired businesses. Rooted in the operation of farming, ranching and the recreational outdoor lifestyle land offers the potential to provide a stable foundation for long-term financial growth regardless of any economic uncertainties. Reallocating your portfolio to one or more of these property types now, could be opportunistic.”

LAND REMAINS A RESILIENT INVESTMENT At Mason & Morse Ranch Company, dba RANCH COMPANY, we specialize in variety of property types across the U.S. including farms, ranches, timberlands, recreational properties, conservation and equestrian properties, Our professional agents “Live It to Know It” and offer our clients more than 133 years of experience helping find the right properties that fit their investment needs or customizing an exclusive marketing program when it’s time to sell.

Looking forward, the economy, while showing signs of slowing, has been resilient as growth is recorded without inflationary pressure. The PCE (Personal Consumption Expenditures) is 2.6%.

While there has been recent signaling of an interest rate reduction, the Federal Reserve is in a tough position as the employment report is soft but wholesale prices are strengthening. There is concern that the “tariff negotiations” will add price increases to goods and drive-up inflation. However, the prevailing view is that the increase in inflation is likely to be temporary.

Costs will rise as tariffs pass through the economy, the thinking goes, then inflation will subside again by next year. The housing market continues to soften, and the higher rates are taking a toll on buyers. Sellers have had to yield on price to get houses sold. The stock market has continued to be strong; however, it is noted that a large portion of the increase comes from the top 10 stock companies.

Overall, while the consumer is facing headwinds and consumption may be poised to slow, keep in mind that consumption started strong and has defied calls for slowdowns all year. While a potential

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softening of the consumer may dampen economic growth, positives could emerge, namely that the Fed may reduce rates and inflation will continue its tame path forward.

Throughout the year, the Ranch Company’s sales transaction count was lower compared to previous years. Sales volume is driven by larger sized transactions. Buyers are taking a hard look at prices as inventory continues to come to the market. The good news is that buyers are still active in the market, but it takes a seller that wants to get something sold to make a deal. Appropriate pricing is necessary to produce buyer activity. Quality farms and ranches still have tight inventory, but several recent transactions indicate that there is ample supply to meet demand. The stock market remains highly volatile and for the most part an unknown. There remain large sums of Cash in the economy and while enjoying higher ‘bank-rate’ returns, inflation is still chipping away at its value.

Land remains resilient and useful. Many investors have put stocks into cash and continue to re-allocate into hard assets like farms, land, and ranches.

FARMLAND MARKET Agriculture production farmland transactions have slowed as the economics of farming have been marginal as the rising interest rates and continuing decline in grain prices has slowed the transaction pace. Profitability in the farmland sector is needed to maintain today’s lofty prices. However, the lack of inventory and continuing demand have kept prices stable. Investors seeking a safe agriculture investment to hedge against a recession period will keep demand high for this asset type. Tenant farmers that may not have the means to purchase will be looking for active land investors to work with.

In the remainder of 2025, farmland investment will remain an attractive asset to purchase, however, the returns will be likely be lower.

Farms, land and ranches asset types are considered a safe investment by many. Unlike the housing market, land cannot be recreated, so the interest rate sensitivity and inventory build-up is much less of a market factor. For buyers looking to secure a long-term and reliable investment purchasing a farm or ranch may be the right decision. Re-Allocating your current real estate assets to one or more of these property types now could be opportunistic.

With the demand for such assets and the increase

in overall price per acre the annual operational return continues to have downward pressure towards the 2-3 percent annual returns, but keep in mind it’s an asset type that also helps feeds the world and carries with it appreciation. It rarely decreases in value from decade to decade.

RANCHLAND MARKET Privately owned range and pasture lands makes up over 27% (528 million acres) of the total acreage of the contiguous 48 states, and these lands constitute the largest private lands use category, exceeding both forest land (21%) and crop land (18%).

The headline story in the ranch market is the cattle market. With cattle inventory at historic lows and solid demand for beef, the prices for livestock have continued to make new records.

Production costs are a factor in operations and people are continuously evaluating better ways to stabilize their cost structures, including adding more pastureland as an offset to lowering the mechanized feed production that exists. Health factors have added to the demand for grass-fed beef and carbon sequestration has put both grassland and timberland in the spotlight.

Despite the lofty cattle prices, there is concern that beef may price itself out of the meat market and as inventory grows, we will be in for declining cattle prices. While the timing is unknown, this factor along with high acquisition costs and high borrowing costs has kept the demand for ranches in check.

In 2025, ranches comprised of range and pasture lands for grazing cattle and other livestock saw the overall appreciation rates slowing and have stabilized depending on location across the West.

Providing that inflation is stable and that interest rates will remain relatively high, we see prices being very stable. Balance sheets of ranches are generally very strong and as such we expect that many of the ranchland transactions will come from neighboring purchases or an existing operation relocating for a larger operation or more favorable economic structure. As always, we will continue to see cases where life’s events trigger transactions and land will transact due to family dynamics.

RECREATIONAL & LIFESTYLE PROPERTIES Depending on the location and overall recreation lifestyle use, this asset type has been noticeably quiet. Valuations have been strong, luring more

inventory to the market. The concern is the economy has caused buyers to pull back. Nonetheless, if you have the means and you want something, you buy it. Your investment timeline will ultimately be the main factor. As a long-term hold, recreational and lifestyle lands offer a lot of upside opportunities and enjoyment of use at the same time. The rural lifestyle rush created during the pandemic is over and high interest rates have taken a lot of buyers’ demand out of the marketplace. As savings rates decline and interest rates remain comparatively high, we have seen a needed increase in inventory.

For the moment, we are continuing to see cash buyers moving into the recreational market due to simplicity of management and private enjoyment.

At some point, the cost of owning a property outweighs private enjoyment and these properties can come back on the market soon after acquisition.

The Ranch Company operates in more than 12 different western states. Our agents know the territory and are ready to share their knowledge and market conditions with you.

BUYING OR CONSIDERING SELLING, USE A PROFESSIONAL LAND BROKER Deciding to invest in a farm, ranch or piece of land is a serious decision. Finding a quality property for the right price is essential to the overall enjoyment and use of the property along with a return on investment. On the other side of the transaction, if you are a property owner and are considering a sale of your farm, ranch or land that’s been part of a family legacy is a serious financial and emotional decision. With inflation impacting on the value of cash, economic uncertainty, recession talks and tax code changes, now more than ever, is time to consider working with our professional farm, ranch and land broker to sell and re allocate the sale proceeds to another asset. Our brokers “Live It to Know It” and that means our brokers work hard to match our buyer clients with the right property. At the same time, we work equally hard to help our seller clients market their properties to achieve their goals. We have sat at the same family table working out the various estate decisions needed to sell property and transfer equity from one generation to the next. Therefore, rest assured when working with one of our brokers we have the experience to understand the value of your property but also the financial and emotional impact it may have on all family members.

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HP SPRING & FALL SALES OUR RIATA PAID STALLIONS! THE SOURCE FOR YOUR NEXT WINNER

Metallic Casanova

Dukes N Divas

Mia Browbeater

Favorable Intentions

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2025 RIATA CHAMPIONSHIPS September 24-28 | Lazy E Arena | Guthrie, OK

WEDNESDAY SEPTEMBER 24 8AM [all events follow the event before]

1. RIATA PRO FUTURITY (5 & UNDER) | $200K Added 2. RIATA 14.5 CHAMPIONSHIP | $200K Added 3. 6 & UNDER INCENTIVE | $50K Guaranteed 4. #13.5 WSTR SUPER QUALIFIER | $20K to High Earning Riata Horse

THURSDAY

SEPTEMBER 25 | 8AM [all events follow the event before]

1. RIATA 12.5 CHAMPIONSHIP | $200K Added | $50K Added to 1st 2. 6 & UNDER INCENTIVE | $50K Guaranteed 3. #11.5 WSTR SUPER QUALIFIER | $20K to High Earning Riata Horse

FRIDAY

SEPTEMBER 26 | 8AM [all events follow the event before]

1. RIATA 10.5 CHAMPIONSHIP | $200K Added | $50K Added to 1st 50 Working Horse Magazine RIATA 2025

2. 6 & UNDER INCENTIVE | $50K Guaranteed 3.

RIATA 9.5 JUNIOR CHAMPIONSHIP | $20K Added 4. #10.5 WSTR SUPER QUALIFIER | $20K to High Earning Riata Horse

SATURDAY

SEPTEMBER 27 | 8AM [all events follow the event before]

1. RIATA 9.5 CHAMPIONSHIP | $200K Added | $50K Added to 1st 2. 7 & UNDER INCENTIVE | $50K Guaranteed 3. RIATA COWGIRL STEER STOPPING | $10K Added 4. #9.5 WSTR SUPER QUALIFIER | $10K Added

SUNDAY

SEPTEMBER 28 | 8 AM [all events follow the event before]

1. RIATA 8.5 CHAMPIONSHIP | $200K Added | $50K Added to 1st 2. #8.5 WSTR SUPER QUALIFIER | $20K to High Earning Riata Horse

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