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February 26, 2012 12:00 AM

Fields of Dreams: At Spendthrift, it all begins in the breeding shed

If horse farms are factories, as the late visionary breeder John Gaines suggested, then this is where the assembly line begins: the breeding shed. Making horses is a prosaic business. There is no moonlight, and the only roses are the ones in breeders' wistful imaginations. Despite the storied history of Spendthrift Farm in Lexington, the breeding shed is unassuming, with barely a hint of the dozens and dozens of stakes winners conceived there.

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