Too many foals or not enough? The great production paradox

When renowned critical thinker Mark Johnston says he is confused by the issue of overproduction, you know the situation must be bewildering.

The Classic-winning trainer – and accomplished breeder – said on these pages before Christmas: “I'm confused as to whether we are overproducing or not. Racecourses and the betting industry want more and more racing and the BHA seems to be complying.

“They always complain about small fields but it's arguable there aren't enough horses in training to serve the current fixture list.”