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Mr. Rinehart chose to specialize in cutting horses because it was
the part of the quarter horse industry that was most familiar to
him. Mr. Rinehart had been involved with cutting horses since he
was 7 years old and had used cutting horses in his cattle
activities. Prior to 1978, Mr. Rinehart had received training
about cutting horses from various trainers.
In 1978, Mr. Rinehart’s business plan for the initial horse
activity was to purchase “foundation bred”6 broodmares for
breeding to outside stallions until he accumulated a herd of
approximately 20 broodmares. At that time, he also would buy
young stallions, train them, show them to build their names, and
breed them to his own broodmares.
In 1981 or 1982, Mr. Rinehart attended a cutting horse
seminar taught by two of the top National Cutting Horse
Association (NCHA)7 riders of all time. He attended this seminar
to further his education and his ability to train and show
cutting horses in competitions. Mr. Rinehart was trained on how
to cut cattle, on proper techniques, on principles of cutting,
and how to train horses to be performance cutting horses.
6 A foundation bred horse is a horse descended from the
first horses registered with the American Quarter Horse
Association (AQHA).
7 During the years in issue, Mr. Rinehart was a member of
the NCHA.
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Last modified: May 25, 2011