The People for the Ethical Treatment of Animals has announced a proposed plan which would require a mandatory $360 retirement fee with every foal registration, a $360 fee for every transfer of ownership, and a $360 fee for each stallion and broodmare registration within the United States thoroughbred industry.

The announcement of the proposed plan came to light in the mainstream media Tuesday, May 3 in a piece which appeared on the website of The Bellingham Herald. The piece was penned by PETA Vice President Kathy Guillermo.

According to Guillermo's piece, the proposed plan, dubbed the 'Thoroughbred 360 Lifecycle Retirement Fund,' would generate more than $20 million toward retirement

There are currently at least two government-funded racehorse retirement programs in Canada, the LongRun Thoroughbred Retirement Society and the Ontario Standardbred Adoption Society.

Guillermo's piece appears below in its entirety.

U.S. thoroughbred racing is an industry of numbers. Consider the projected statistics for 2011 alone. The number of horses running in the Kentucky Derby: no more than 20. The number of thoroughbred foals born: 24,900. The number of thoroughbreds who will die on the track: 1,000. The number of thoroughbreds cast off by the racing industry: 21,000. The number of thoroughbreds sent to slaughter in Canada and Mexico: 10,000.

Crunch those numbers and the conclusion is obvious. There are too many thoroughbreds born, too few retirement options, and way too many violent deaths.

The racing industry should be ashamed of these numbers - and of course every number isn't a number at all, but a living, breathing being. When horses who have given their all can no longer race because they're injured or too old, or when they stop turning a profit, most owners and trainers rid themselves of these animals by sending them to a livestock auction. One out of every two thoroughbreds sold at auction ends up in a slaughterhouse.

The Jockey Club, through which all foals must be registered and which is the only horse racing authority in a position to impose a fee that applies to all thoroughbreds in all racing states, responded to this crisis with its Retirement Checkoff program, a voluntary donation that can be made when owners submit required registration papers. In 2010 this program generated only $43,000 from 30,000 foal registrations - a paltry $1.44 per horse. Even with the Jockey Club's supplemental donation toward retirement, this absurdly inadequate amount cannot begin to provide for the enormous annual costs of caring for tens of thousands of horses, multiplied by many years of retirement. Recent reports of thoroughbreds being denied adequate food and care in the stables that are supposed to be supported by the Thoroughbred Retirement Foundation tragically prove this point.

The racing industry needs to deal with this life and death issue. Thoroughbred retirement is a racing industry obligation, not a voluntary donation.

While the best bet for the horses would be an end to breeding, racing and killing thoroughbreds altogether, at the very least the racing world must provide a decent retirement for the horses it no longer wants.

People for the Ethical Treatment of Animals has come up with a plan - the Thoroughbred 360 Lifecycle Retirement Fund - to jumpstart this effort. This proposal would require a mandatory $360 retirement fee with every foal registration, a $360 fee for every transfer of ownership, and a $360 fee for each stallion and broodmare registration.

This is affordable for thoroughbred owners and would generate more than $20 million toward retirement. It wouldn't solve all the problems - clearly the fund would have to be used wisely. This would require proper planning and administration. But without a substantial sum, nothing will be done. Thoroughbreds will continue to be trucked across our borders to their deaths by the tens of thousands.

The Jockey Club should implement this plan before this Triple Crown season ends. Trainers and owners have turned their backs on the animals they claim to love for far too long.