Horse breeding and racing are big business in Australia, contributing A$5bn to the economy and employing almost a quarter of a million people. James Bester, a breeding and racing consultant at Coolmore stud farm, explains how the industry works to the FT's Jamie Smyth.


For more video content from the Financial Times, visit http://www.FT.com/video

Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k
Twitter https://twitter.com/ftvideo
Facebook https://www.facebook.com/financialtimes