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Industry News

AQHA Announces 2013 Hall of Fame Inductees

Written by AQHA Press Release on .

According to the AQHA Journal, "Ten honorees – five men and five horses – will join the 144 people and 89 horses already in the American Quarter Horse Hall of Fame. The inductees will be honored at the 2013 American Quarter Horse Association Convention in March 2013 in Houston.

Read the inductee's profiles

Jim Shoemake Elected AHC Chairman

Written by AHC Press Release on .

July 2012 - Jim J. Shoemake, past President of the American Quarter Horse Association and senior partner in the St. Louis law firm of Guilfoil, Petzall & Shoemake, L.L.C., was elected chairman of the Board of Trustees of the American Horse Council (AHC) at the AHC’s annual meeting in Washington, DC on June 26. The AHC represents the horse industry before Congress and the federal regulatory agencies in Washington.

Coalson's Real Estate Tips - Realistic vs. Overpriced

Written by Coalson Real Estate on .

Some people seem to think the world is full of wealthy, ignorant buyers. Some of these same people have the mentality that one of these wealthy ignorant buyers will somehow happen by their grossly overpriced property and write a check for it. After 22 years of working in the farm and ranch real estate business, I have yet to cross paths with one of these individuals.

99.5 percent of the sellers out there today who really want to sell must take a hard, cold look at the property’s realistic value. What is my property really worth in today’s market? The formal way to do this is with an appraisal performed by an appraiser with a MAI (Member of Appraisal Institute) designation. These are considered the highest-ranking appraisers in the industry.

Another way is a broker’s opinion, which is based on opinions of an area and not comparables such as the MAI appraiser would use. People with means (money) normally don’t acquire it without being somewhat intelligent or very smart business people. Many people who inherit money have been around very astute businessmen or have access to attorneys or trust departments who employ highly intelligent people.

The bottom line is, if you are going to take the time to sell your property, price it correctly with some negotiating room. If you are grossly overpriced, very few if any will even look at it.

McAllen Coalson, Broker / COALSON REAL ESTATE

Bail Denied In Zetas Horse/Money Laundering Case

Written by Press Release on .

July 8, 2012 - According to UPI news, "A federal judge denied bail to a Texas man accused of laundering money for the Mexican Zetas drug cartel through purchasing and training racehorses."

Read the article

 

June 2012 - According to the New York Times, drug money from a Mexican cartel has snaked its way into Quarter Horse racing. The Treviño brothers established a prominent horse breeding operation, Tremor Enterprises, in the United States that allowed them to launder millions of dollars in drug money, according to current and former federal law enforcement officials. Miguel Ángel Treviño Morales, second in command of Mexico's Zetas drug trafficking organization, and his older brother, José Treviño Morales, had claimed the million-dollar All American Futurity in 2010 with a colt named Mr. Piloto. In the short span of three years, Tremor won three of the industry’s biggest races, with prizes totaling some $2.5 million.

The brothers have stables in Ruidoso, N.M., and a ranch in Oklahoma with an estimated 300 stallions and mares. The Justice Department moved against Tremor on Tuesday morning, June 12. Follow the Quarter Horse racing drug money story here.

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