08/10/2006 11:00PM

Exchange Rate a bi-coastal success


Satish and Anne Sanan's Padua Stables is scarcely 9 years old, but its mark on Florida breeding is already indelible. This past week the Padua sire Exchange Rate, a Grade 2 stakes-winning son of Danzig, was well represented on both coasts. At Saratoga, Swap Fliparoo won the Grade 1 Test Stakes to become the first graded stakes winner for Exchange Rate, and hours later Exchange Rate's 2-year-old filly Outofthepast finished second in the Grade 2 Sorrento Stakes at Del Mar.

Padua Stables stands six stallions in all, including the first-crop stallion Snow Ridge. By Tabasco Cat, Snow Ridge sired his initial stakes winner when Snow Lady won the first leg of the Florida Stallion Stakes series, the $100,000 Desert Vixen for 2-year-old fillies at Calder Race Course.

There are five yearlings by Snow Ridge in the Aug. 21 selected portion of the Ocala Breeders' Sales yearling sale, and he has 15 additional yearlings selling in the four open days of the auction. Exchange Rate has 14 yearlings cataloged to the sale - one in the selected session and the remaining in the open sessions.

Taking the right path

Adam Parker had set his sights on becoming a veterinarian, and so majored in animal science at the University of Florida. That was a quarter-century ago, and along the way he changed his mind.

"I was able to get a summer job at Lev Miller's T-Square Stud, and got to like it so much that I decided I'd rather be in the horse business."

Parker rose through the employee ranks to become Miller's right-hand man, and today he and his wife, Suzette, a Georgia gal with a yen for horses, own the trimmed-down 52-acre T-Square Stud.

"When Mr. and Mrs. Miller decided to retire from the horse business, they made the terms to buy a third of the original acreage and its facilities very attractive," said Parker.

When asked how his wife liked the challenge and the responsibility of farm ownership, Adam Parker said with considerable pride that while Suzette was cited as a teacher of the year in '05 and is now a dean of a middle school, she has not lost any of her enthusiasm for the horse world.

The Parker-bred Straight Faced won the $100,000 Dr. Fager, the first leg of the Florida Stallion Stakes for 2-year-old males. The victory kept Straight Faced unbeaten in three starts. The Parkers generally are commercial breeders who sell foals and yearlings. Straight Faced, by Straight Man, was sold in the '05 OBS August yearling sale for $20,000. The following spring, when Straight Faced was cataloged for the OBS March selected sale with Nick de Meric as consignor, Parker suggested to longtime T-Square patron Walter Donnelly that the colt was worth buying. Donnelly won the colt with a bid of $48,000.

The Parkers have only four mares in their band. When asked if he had any special criteria that he uses to determine if a filly or mare fits the broodmare model, Parker said that Miller had impressed upon him that winning mares are usually good-producing mares.

"Pedigree is important," said Parker, "but the will to win is just as important."

The Parkers bred a filly by Full Mandate out of Susie Smile, dam of Straight Faced, and she sold at the Fasig-Tipton Kentucky sale on July 17 for $150,000.

"It helps to be lucky in this business," said Parker. "My wife won the breeding season that produced this filly in a raffle."

* The OBS has cataloged 284 yearlings for its selected session, Aug. 21, and an estimated 200 of them have conformation pictures posted on the OBS website.

* Belated word has come that Ed DeVries of Sorted Oaks Farm died this past spring from complications of old age. A man whose vigor belied his years, DeVries would have been 97 on his 2006 birthday. Through the years, DeVries gave his horses three names, and the initial letters of those names reflected the first letters of Sorted Oaks Farm. Stay Out Front, Skip Out Front, and Spirit of Fighter were three of the farm's better-known stakes-winning homebreds.