The self-proclaimed largest horse farm in New Jersey is being put out to pasture.
General Manager Anthony Peretti says Peretti Farms will close after winding down operations over the next two years, The Record newspaper reports.
Peretti tells The Record that the depressed economy and unclear future of the Meadowlands race track made it too difficult for the farm to compete.
Earlier this year, New Jersey cut the number of race dates in half, and cleared the way for racetrack privatization.
Peretti’s 1,000-acre property in Cream Ridge specialized in breeding and racing standard-bred horses. It’s been running since the late 1980s and has about 30 employees.
The land and the hundreds of horses residing there will go up for sale.